SANDSTORM GOLD -- ehemals --Sandstorm Resources - 500 Beiträge pro Seite (Seite 2)
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ISIN: CA80013R2063 · WKN: A1JX9B · Symbol: SAND
5,6600
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+0,53 %
+0,0300 USD
Letzter Kurs 02:04:00 NYSE
Werte aus der Branche Rohstoffe
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 1,4700 | +28,95 | |
| 1,3200 | +17,86 | |
| 1,0100 | +13,48 | |
| 0,5650 | +13,00 | |
| 0,8400 | +12,75 |
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 0,7100 | -7,79 | |
| 3,3200 | -9,78 | |
| 3,9600 | -15,74 | |
| 12,000 | -25,00 | |
| 46,95 | -98,00 |
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scheint so als ob ich sandstorm gold nicht mehr zu günstigen kursen bekommen kann. was sagt ihr zu sandstorm metals & energy?
Sandstorm Gold Reports Record Gold Sales and Operating Cash Flow in Q2, 2012
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 26, 2012) - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (TSX VENTURE:SSL) is pleased to announce its unaudited results for the second quarter ended June 30, 2012 (all figures in U.S. dollars).
Second Quarter Highlights
Record gold sales of 9,259 ounces.
Record operating cash flow of $11.3 million.
Average cash cost per ounce1 of $298 resulting in cash operating margins of $1,317 per ounce.
Net income of $5.3 million.
Sandstorm acquired from Magellan Minerals Ltd., a 2.5% net smelter returns royalty on the Coringa gold project and a 1.0% NSR royalty on the Cuiu Cuiu gold project.
Sandstorm acquired a 2.4% net smelter returns royalty on the Mt. Hamilton gold project from Solitario Exploration & Royalty Corp. and Ely Gold & Minerals Inc.
"Steady production growth from our mining partners has led to consecutive record quarters for Sandstorm," said President & CEO Nolan Watson. "During the second quarter we deployed our cash into royalty transactions that we believe will be accretive to shareholders, and the pipeline of potential gold streaming opportunities is stronger than ever."
Outlook
Based on existing gold stream agreements, the forecasted attributable production for 2012 is 28,000 to 33,000 ounces of gold, increasing to over 50,000 ounces of gold per annum by 2015.
Further details of the individual commodity streams can be found within Management's Discussion and Analysis contained in the Company's second quarter 2012 report and on the Company website.
Webcast and Conference Call Details
A conference call will be held on Friday, July 27, 2012 starting at 8:30am PDT to further discuss the second quarter results. To participate in the conference call use the following dial-in numbers:
Local/International: 647-788-4916
North American Toll-Free: 877-214-4966
It is recommended that participants dial in five minutes prior to the commencement of the conference call. Click here to access an audio webcast of the conference call which will also be available on the Sandstorm website.
ABOUT SANDSTORM GOLD
Sandstorm Gold Ltd. is a growth focused resource based company that seeks to complete gold purchase agreements with companies that have advanced stage development projects or operating mines. A gold purchase agreement involves Sandstorm making an upfront cash payment to its partners and in exchange, Sandstorm receives the right to purchase a percentage of the gold produced for the life of the mine, at a fixed price per ounce. Sandstorm helps other companies in the resource industry grow their business, while acquiring attractive assets in the process.
Sandstorm is focused on low cost operations with excellent exploration potential and strong management teams. Sandstorm has completed gold purchase or royalty agreements with Luna Gold Corp., SilverCrest Mines Inc., Santa Fe Gold Corp., Rambler Metals and Mining plc, Brigus Gold Corp., Metanor Resources Inc., Donner Metals Ltd., Magellan Minerals Ltd., Solitario Exploration & Royalty Corp. and Ely Gold & Minerals Inc.
For more information visit: www.sandstormgold.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking information" or "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans", or similar terminology. Forward-looking information is based on reasonable assumptions that have been made by Sandstorm as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Sandstorm to be materially different from those expressed or implied by the forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which Sandstorm will purchase gold and risks related to those mining operations, including risks related to international operations, government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; problems inherent to the marketability of minerals; industry conditions, including fluctuations in the price of metals, fluctuations in foreign exchange rates and fluctuations in interest rates; stock market volatility; competition; as well as those factors discussed in the section entitled "Risks to Sandstorm" in Sandstorm's annual report for the financial year ended December 31, 2011. Although Sandstorm has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Sandstorm does not undertake to update any forward-looking information that is contained or incorporated by reference herein, except in accordance with applicable securities laws. Sandstorm does not provide any representation as to its comparability with other companies in its industry including, but not limited to, Silver Wheaton Corp., Royal Gold, Inc., and Franco-Nevada Corporation.
Note 1: Sandstorm has included a non-IFRS performance measure in this press release being average cash cost per ounce. Average cash cost per ounce is calculated by dividing the Company's costs of sales (excluding depletion) by the number of ounces sold. The Company presents average cash costs per ounce as it believes that certain investors use this information to evaluate the Company's performance in comparison to other companies in the precious metals mining industry who present results on a similar basis.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 26, 2012) - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (TSX VENTURE:SSL) is pleased to announce its unaudited results for the second quarter ended June 30, 2012 (all figures in U.S. dollars).
Second Quarter Highlights
Record gold sales of 9,259 ounces.
Record operating cash flow of $11.3 million.
Average cash cost per ounce1 of $298 resulting in cash operating margins of $1,317 per ounce.
Net income of $5.3 million.
Sandstorm acquired from Magellan Minerals Ltd., a 2.5% net smelter returns royalty on the Coringa gold project and a 1.0% NSR royalty on the Cuiu Cuiu gold project.
Sandstorm acquired a 2.4% net smelter returns royalty on the Mt. Hamilton gold project from Solitario Exploration & Royalty Corp. and Ely Gold & Minerals Inc.
"Steady production growth from our mining partners has led to consecutive record quarters for Sandstorm," said President & CEO Nolan Watson. "During the second quarter we deployed our cash into royalty transactions that we believe will be accretive to shareholders, and the pipeline of potential gold streaming opportunities is stronger than ever."
Outlook
Based on existing gold stream agreements, the forecasted attributable production for 2012 is 28,000 to 33,000 ounces of gold, increasing to over 50,000 ounces of gold per annum by 2015.
Further details of the individual commodity streams can be found within Management's Discussion and Analysis contained in the Company's second quarter 2012 report and on the Company website.
Webcast and Conference Call Details
A conference call will be held on Friday, July 27, 2012 starting at 8:30am PDT to further discuss the second quarter results. To participate in the conference call use the following dial-in numbers:
Local/International: 647-788-4916
North American Toll-Free: 877-214-4966
It is recommended that participants dial in five minutes prior to the commencement of the conference call. Click here to access an audio webcast of the conference call which will also be available on the Sandstorm website.
ABOUT SANDSTORM GOLD
Sandstorm Gold Ltd. is a growth focused resource based company that seeks to complete gold purchase agreements with companies that have advanced stage development projects or operating mines. A gold purchase agreement involves Sandstorm making an upfront cash payment to its partners and in exchange, Sandstorm receives the right to purchase a percentage of the gold produced for the life of the mine, at a fixed price per ounce. Sandstorm helps other companies in the resource industry grow their business, while acquiring attractive assets in the process.
Sandstorm is focused on low cost operations with excellent exploration potential and strong management teams. Sandstorm has completed gold purchase or royalty agreements with Luna Gold Corp., SilverCrest Mines Inc., Santa Fe Gold Corp., Rambler Metals and Mining plc, Brigus Gold Corp., Metanor Resources Inc., Donner Metals Ltd., Magellan Minerals Ltd., Solitario Exploration & Royalty Corp. and Ely Gold & Minerals Inc.
For more information visit: www.sandstormgold.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking information" or "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans", or similar terminology. Forward-looking information is based on reasonable assumptions that have been made by Sandstorm as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Sandstorm to be materially different from those expressed or implied by the forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which Sandstorm will purchase gold and risks related to those mining operations, including risks related to international operations, government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; problems inherent to the marketability of minerals; industry conditions, including fluctuations in the price of metals, fluctuations in foreign exchange rates and fluctuations in interest rates; stock market volatility; competition; as well as those factors discussed in the section entitled "Risks to Sandstorm" in Sandstorm's annual report for the financial year ended December 31, 2011. Although Sandstorm has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Sandstorm does not undertake to update any forward-looking information that is contained or incorporated by reference herein, except in accordance with applicable securities laws. Sandstorm does not provide any representation as to its comparability with other companies in its industry including, but not limited to, Silver Wheaton Corp., Royal Gold, Inc., and Franco-Nevada Corporation.
Note 1: Sandstorm has included a non-IFRS performance measure in this press release being average cash cost per ounce. Average cash cost per ounce is calculated by dividing the Company's costs of sales (excluding depletion) by the number of ounces sold. The Company presents average cash costs per ounce as it believes that certain investors use this information to evaluate the Company's performance in comparison to other companies in the precious metals mining industry who present results on a similar basis.
also die range 9,30 bis 9,50 CAD ist doch scheinbar sehr hart zu nehmen ;-( .... zuckt immer so rum unsere gute SSL.V !
naja, seitwärtsbewegung, die mit einem ausbruch beim goldpreis dann locker beendet werden müsste ... dann wird es zweistellig !
good luck allen investierten :-)
naja, seitwärtsbewegung, die mit einem ausbruch beim goldpreis dann locker beendet werden müsste ... dann wird es zweistellig !
good luck allen investierten :-)
, gold im vorwärtsgang und SSL.V einen tick zurück 
... aber nun will ich nicht jeden tag nörgeln, der chart sieht ja noch sehr gut aus. manchmal geht dann alles sehr schnell 
... aber nun will ich nicht jeden tag nörgeln, der chart sieht ja noch sehr gut aus. manchmal geht dann alles sehr schnell 
Sandstorm Gold To List On the NYSE MKT LLC
Vancouver, British Columbia | August 15, 2012
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (TSX-V: SSL) is pleased to announce that its common shares have been approved to list on the NYSE MKT LLC and will begin trading on August 20, 2012 under the symbol “SAND”. The Company’s common shares will continue to be listed on the TSX Venture exchange under the symbol “SSL”.
“This is an exciting milestone in the young history of Sandstorm”, said President and CEO Nolan Watson. “Trading on the NYSE MKT will give us the opportunity to attract a larger investor base in the U.S. and internationally.”
Members of the Sandstorm team will have the pleasure of ringing the NYSE Opening Bell on August 20, 2012.
Vancouver, British Columbia | August 15, 2012
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (TSX-V: SSL) is pleased to announce that its common shares have been approved to list on the NYSE MKT LLC and will begin trading on August 20, 2012 under the symbol “SAND”. The Company’s common shares will continue to be listed on the TSX Venture exchange under the symbol “SSL”.
“This is an exciting milestone in the young history of Sandstorm”, said President and CEO Nolan Watson. “Trading on the NYSE MKT will give us the opportunity to attract a larger investor base in the U.S. and internationally.”
Members of the Sandstorm team will have the pleasure of ringing the NYSE Opening Bell on August 20, 2012.
Trading Spotlight
einfach nur zum genießen :-))))
so, heute haben die herren die eröffnungsglocke an der wallstreet geläutet !
es glänzt nicht nur das gold, es glänzen auch meine augen bei dem kurs , einfach nur wow !!! hoffentlich können wir uns gleich mal über der 10 etablieren ... wäre super :-)
es glänzt nicht nur das gold, es glänzen auch meine augen bei dem kurs , einfach nur wow !!! hoffentlich können wir uns gleich mal über der 10 etablieren ... wäre super :-)
na die meldung gestern nach börsenschluss ist ja nicht so prächtig ;-(
da bricht gold gerade aus und die deckeln den kurs für eine geraume zeit auf 10 CAD wegen des deals !!!! naja mal sehen was die börse daraus macht ? ok, man verteilt 15% der anteile an eine breite masse von institutionellen anlegern, das ist gut, aber warum bitte schön verkauft man nicht außerbörslich einen block und dann noch die 30 tage zeit zum preis von 10 zu kaufen ???? ok, alle anderen müssen zum marktpreis kaufen, aber der wird erst mal so in der nähe von 10 CAD liegen .... vielleicht auch nicht !
da bricht gold gerade aus und die deckeln den kurs für eine geraume zeit auf 10 CAD wegen des deals !!!! naja mal sehen was die börse daraus macht ? ok, man verteilt 15% der anteile an eine breite masse von institutionellen anlegern, das ist gut, aber warum bitte schön verkauft man nicht außerbörslich einen block und dann noch die 30 tage zeit zum preis von 10 zu kaufen ???? ok, alle anderen müssen zum marktpreis kaufen, aber der wird erst mal so in der nähe von 10 CAD liegen .... vielleicht auch nicht !
es ist ja sogar eine KE !!!!!
na toll, super zeitpunkt !!!
das einzig positive, was ic sehe ist, dass sie 85 mio. einnehmen und diese bestimmt für eien deal brauchen ... hoffentlich passt der dann zu SSL.V (SAND) !!!
scheiße ist nur, dass wir uns jetzt erst mal sooooo schön über der 10 etablieren hätten können ... und nun sowas ;-))
na toll, super zeitpunkt !!!
das einzig positive, was ic sehe ist, dass sie 85 mio. einnehmen und diese bestimmt für eien deal brauchen ... hoffentlich passt der dann zu SSL.V (SAND) !!!
scheiße ist nur, dass wir uns jetzt erst mal sooooo schön über der 10 etablieren hätten können ... und nun sowas ;-))
na super, noch eine ad-hoc nachgeschoben .... nun sind es schon 130 mio. cad die sie eingesammelt haben und 15% davon dürfen sogar unter 10 CAD wieder verkauft werden (das wird natürlich niemad, der in not ist tun, aber immerhin).
scheint qwohl eine große sache zu sein, dass sie so viel kohle eingesammelt haben !!! das ist freilich eine ordentliche gewinnverwässerung, zumal ich mir nicht vorstellen kann, dass SAND die superkonditionen der vergangenheit erzielen kann.
wahrscheinlich müssen sie jetzt schon 800 USD je oz. bezahlen ... nun ja, wenn der goldpreis steigt und das volumen des deals fett ist, dann wird es was ... aber auch das risiko steigt, dass man mal voll ins klo greift !! hoffen wir mal, dass alles gut geht, dann kann man das heute gelich mal unter gewinnmitnahmen verbuchen.
MEINUNGEN ??? oder bin nur noch ich hier dabei ???
scheint qwohl eine große sache zu sein, dass sie so viel kohle eingesammelt haben !!! das ist freilich eine ordentliche gewinnverwässerung, zumal ich mir nicht vorstellen kann, dass SAND die superkonditionen der vergangenheit erzielen kann.
wahrscheinlich müssen sie jetzt schon 800 USD je oz. bezahlen ... nun ja, wenn der goldpreis steigt und das volumen des deals fett ist, dann wird es was ... aber auch das risiko steigt, dass man mal voll ins klo greift !! hoffen wir mal, dass alles gut geht, dann kann man das heute gelich mal unter gewinnmitnahmen verbuchen.
MEINUNGEN ??? oder bin nur noch ich hier dabei ???
.... ich sehe schon, ich bin hier nur noch alleinunterhalter !!!
oder sind welche von euch noch im sommerurlaub ... also ab 17.09.12 weiß ich es ;-)
oder sind welche von euch noch im sommerurlaub ... also ab 17.09.12 weiß ich es ;-)
Antwort auf Beitrag Nr.: 43.573.030 von graue eminenz am 05.09.12 20:33:38les imo nur mit, da ich vorübergehend mal ausgestiegen bin.
aber wenn´s dich tröstet, .... wirst mich hier nicht los, da
ich auch bei der schwester noch satt drin stecke.
lg elsolivars
aber wenn´s dich tröstet, .... wirst mich hier nicht los, da
ich auch bei der schwester noch satt drin stecke.
lg elsolivars
Interessanter Artikel, der Gang an die amerikanische Börse erhöht den Bekanntheitsgrad
http://seekingalpha.com/article/844091-streaming-profits-to-…
http://seekingalpha.com/article/844091-streaming-profits-to-…
die Platzierung der Anteile ist auch durch (meldung heute am freitag) --- na besser ist es als noch bis zum 13.09.12 warten zu müssen.
mal sehen, was sie nun mit der vielen kohle anfangen .... wann kommt der DEAL ????????
los NOLAN, beweise dein gutes händchen ;-))) dann läuft es wieder bald locker über die 10 CAD (USD schon drüber) ... aber bei dem steigenden Goldpreis ganz schon lahm !!!
mal sehen, was sie nun mit der vielen kohle anfangen .... wann kommt der DEAL ????????
los NOLAN, beweise dein gutes händchen ;-))) dann läuft es wieder bald locker über die 10 CAD (USD schon drüber) ... aber bei dem steigenden Goldpreis ganz schon lahm !!!
TD Securities boosted their price target on shares of Sandstorm Gold (CVE: SSL) from $10.00 to $11.00 in a research note issued on Tuesday. The firm currently has a “hold” rating on the stock.
Separately, analysts at Paradigm Research raised their price target on shares of Sandstorm Gold from $12.50 to $15.50 in a research note to investors on Tuesday. They now have a “buy” rating on the stock.
Sandstorm Gold Ltd. (Sandstorm Gold), formerly Sandstorm Resources Ltd., is a gold streaming company.
http://www.dailypolitical.com/finance/stock-market/td-securi…
Separately, analysts at Paradigm Research raised their price target on shares of Sandstorm Gold from $12.50 to $15.50 in a research note to investors on Tuesday. They now have a “buy” rating on the stock.
Sandstorm Gold Ltd. (Sandstorm Gold), formerly Sandstorm Resources Ltd., is a gold streaming company.
http://www.dailypolitical.com/finance/stock-market/td-securi…
oh man, die hätten doch noch zwei wochen mit der KE warten können, dann hätten Sie 12 CAD einsammeln können !!! tja, weiß man aber immer erst hinterher, das der goldpreis so abgeht !!!
nun haben sie gerade mal 10 mio. von dem eingesammelten geld investiert ... und das ist noch nicht ´mal ein neuer deal, sondern eine phase 1 und 2 unterstützung des vorzeigeprojektes im bestehenden portfolio.
nun haben sie gerade mal 10 mio. von dem eingesammelten geld investiert ... und das ist noch nicht ´mal ein neuer deal, sondern eine phase 1 und 2 unterstützung des vorzeigeprojektes im bestehenden portfolio.
na endlich mit schmackes wieder über der 10er marke :-)
Sandstorm Gold Agrees to Purchase Precious Metals From Colossus Minerals
Vancouver, British Columbia | September 19, 2012
Sandstorm Gold Ltd. (“Sandstorm Gold” or the “Company”) (NYSE MKT: SAND, TSX-V: SSL) is pleased to announce that it has entered into a precious metals purchase agreement with Colossus Minerals Inc. (“Colossus”) (TSX: CSI) to purchase an amount of gold and platinum from the Serra Pelada Mine (“Serra Pelada”) located in Para, Brazil.
Sandstorm Gold has agreed to purchase an amount equal to 1.5% of the gold and 35% of the platinum produced from Serra Pelada (the “Precious Metals Purchase Agreement”). Pursuant to this agreement, Sandstorm Gold will pay an upfront cash deposit to Colossus of US$60 million and ongoing per ounce payments equal to the lesser of US$400 per ounce of gold and the prevailing market price of gold, and the lesser of US$200 per ounce of platinum and the prevailing market price of platinum.
“Serra Pelada is a fantastic project run by a first-class management team”, said Sandstorm Gold President & CEO Nolan Watson. “We are confident that the high-grade nature of the Serra Pelada deposit will contribute to it being a low cost producer for years to come.”
As part of the transaction, Sandstorm Gold has also agreed to purchase 35% of the palladium produced from Serra Pelada (the “Palladium Purchase Agreement”) in exchange for paying a US$15 million deposit (bringing the total deposit payment made by Sandstorm Gold to US$75 million) plus ongoing payments of US$100 per ounce of palladium. In addition, Sandstorm Gold has entered into a back-to-back agreement with Sandstorm Metals & Energy Ltd. (“Sandstorm Metals”) whereby Sandstorm Metals has purchased the Palladium Purchase Agreement from Sandstorm Gold in exchange for issuing a promissory note. The promissory note states that the US$15 million will be repaid to Sandstorm Gold in cash or shares, within one year’s time. For more information, see the Sandstorm Metals press release at http://www.sandstormmetalsandenergy.com.
Colossus will have the option, until April 1, 2015, to purchase in whole or in part, up to 50% of the obligation to purchase metals under the Precious Metals Purchase Agreement and the Palladium Purchase Agreement by making a US$48.75 million payment, whereupon the percentage of gold and platinum to be purchased by Sandstorm Gold shall be decreased to 0.75% and 17.5% respectively and the percentage of palladium to be purchased by Sandstorm Metals shall decrease to 17.5%.
About Serra Pelada
Serra Pelada is a high-grade gold-platinum-palladium deposit located in the mineral and mining prolific Carajas region in Para State, northern Brazil. The existing infrastructure and accessibility to the site are excellent due to the close proximity of a number of major mines. During the 1980’s, Serra Pelada hosted the largest ever gold rush in Latin America with up to 80,000 artisanal miners producing 2 million ounces of gold, plus platinum and palladium, from a hand dug open pit. Colossus Minerals has been involved in the development of Serra Pelada since 2007 and is targeting initial production by the end of 2013. Serra Pelada is fully permitted and construction is underway. It is expected to be a high grade, low-cost polymetallic producer.
Vancouver, British Columbia | September 19, 2012
Sandstorm Gold Ltd. (“Sandstorm Gold” or the “Company”) (NYSE MKT: SAND, TSX-V: SSL) is pleased to announce that it has entered into a precious metals purchase agreement with Colossus Minerals Inc. (“Colossus”) (TSX: CSI) to purchase an amount of gold and platinum from the Serra Pelada Mine (“Serra Pelada”) located in Para, Brazil.
Sandstorm Gold has agreed to purchase an amount equal to 1.5% of the gold and 35% of the platinum produced from Serra Pelada (the “Precious Metals Purchase Agreement”). Pursuant to this agreement, Sandstorm Gold will pay an upfront cash deposit to Colossus of US$60 million and ongoing per ounce payments equal to the lesser of US$400 per ounce of gold and the prevailing market price of gold, and the lesser of US$200 per ounce of platinum and the prevailing market price of platinum.
“Serra Pelada is a fantastic project run by a first-class management team”, said Sandstorm Gold President & CEO Nolan Watson. “We are confident that the high-grade nature of the Serra Pelada deposit will contribute to it being a low cost producer for years to come.”
As part of the transaction, Sandstorm Gold has also agreed to purchase 35% of the palladium produced from Serra Pelada (the “Palladium Purchase Agreement”) in exchange for paying a US$15 million deposit (bringing the total deposit payment made by Sandstorm Gold to US$75 million) plus ongoing payments of US$100 per ounce of palladium. In addition, Sandstorm Gold has entered into a back-to-back agreement with Sandstorm Metals & Energy Ltd. (“Sandstorm Metals”) whereby Sandstorm Metals has purchased the Palladium Purchase Agreement from Sandstorm Gold in exchange for issuing a promissory note. The promissory note states that the US$15 million will be repaid to Sandstorm Gold in cash or shares, within one year’s time. For more information, see the Sandstorm Metals press release at http://www.sandstormmetalsandenergy.com.
Colossus will have the option, until April 1, 2015, to purchase in whole or in part, up to 50% of the obligation to purchase metals under the Precious Metals Purchase Agreement and the Palladium Purchase Agreement by making a US$48.75 million payment, whereupon the percentage of gold and platinum to be purchased by Sandstorm Gold shall be decreased to 0.75% and 17.5% respectively and the percentage of palladium to be purchased by Sandstorm Metals shall decrease to 17.5%.
About Serra Pelada
Serra Pelada is a high-grade gold-platinum-palladium deposit located in the mineral and mining prolific Carajas region in Para State, northern Brazil. The existing infrastructure and accessibility to the site are excellent due to the close proximity of a number of major mines. During the 1980’s, Serra Pelada hosted the largest ever gold rush in Latin America with up to 80,000 artisanal miners producing 2 million ounces of gold, plus platinum and palladium, from a hand dug open pit. Colossus Minerals has been involved in the development of Serra Pelada since 2007 and is targeting initial production by the end of 2013. Serra Pelada is fully permitted and construction is underway. It is expected to be a high grade, low-cost polymetallic producer.
Antwort auf Beitrag Nr.: 43.620.642 von northfoxblues am 19.09.12 12:27:26nolan ist schon ganz schön clever; hälts schwesterchen mit im
fahrwasser und läßt ´s nicht absaufen.
elsolivars
fahrwasser und läßt ´s nicht absaufen.
elsolivars
so, nun müssen wir also auch noch auf den platinpreis schauen und nicht nur auf das gold :-))))
schade, dass man noch nicht genau weiß, mit wievielen unzen sie rechnen ... kommt wahrscheinlich dann mit den nächsten Q-zahlen oder als PR-mitteilung !!
also der Nolan macht am kapitalmarkt einen guten job, hofffen wir, dass die minen auch wirklich so viel abwerfen, dann werden wir trotz des derzeit hohen kgv noch viel freude haben.
schade, dass man noch nicht genau weiß, mit wievielen unzen sie rechnen ... kommt wahrscheinlich dann mit den nächsten Q-zahlen oder als PR-mitteilung !!
also der Nolan macht am kapitalmarkt einen guten job, hofffen wir, dass die minen auch wirklich so viel abwerfen, dann werden wir trotz des derzeit hohen kgv noch viel freude haben.
... super, die umsätze bleiben hoch und der kurs steigt schön gemächlich an, das ist m.E. ein gutes zeichen, dass noch genug nachfrage ist !
ich glaube, mit dem platindeal hat nolan uns alle überrascht :-))
ich glaube, mit dem platindeal hat nolan uns alle überrascht :-))
oh, zwei grüne daumen !!! es sind also noch investierte dabei !! ??
gerne auch mal kontakt per boardmail mit mir aufnehmen ... zum scriebn scheint ja keiner lust zu haben. mich würde nämlich mal interessieren, wie eure kursziele und der zeithorizont sind ...
von den 150 mio CAD haben sie nun "erst" 85 mio. cad investiert, das heißt also eine "überraschung" hat ssl.v (SAND) noch in planung ... oder die investieren die kohle in die bisherigen projekte ! bei den nächsten zahlen wird man doch wohl eine schätzung abgeben mit wieviel oz. platin man ab 2013 aus dem colossus-projekt rechnen darf --- oder was meint ihr ????
hoffe auf regen meinungsaustausch und good luck ! schee weekend ;-)
gerne auch mal kontakt per boardmail mit mir aufnehmen ... zum scriebn scheint ja keiner lust zu haben. mich würde nämlich mal interessieren, wie eure kursziele und der zeithorizont sind ...
von den 150 mio CAD haben sie nun "erst" 85 mio. cad investiert, das heißt also eine "überraschung" hat ssl.v (SAND) noch in planung ... oder die investieren die kohle in die bisherigen projekte ! bei den nächsten zahlen wird man doch wohl eine schätzung abgeben mit wieviel oz. platin man ab 2013 aus dem colossus-projekt rechnen darf --- oder was meint ihr ????
hoffe auf regen meinungsaustausch und good luck ! schee weekend ;-)
Ja..dann schreibe ich doch mal was hier rein..!
Bin leider noch nicht investiert..da hatte ich noch auf eine kleine Konsolidierung gewartet. Der Kurs ist jetzt ja sogar nach oben aus dem Trading-Kanal ausgebrochen...noch steiler in den Norden..! Unglaublich..dieser Sandsturm ist nicht zu stoppen. Ist ja auch ein tolles Konzept mit Zukunft. Ich frage mich jetzt nur wann hier mal einige endlich Gewinne mitnehmen damit der Kurs sich wieder etwas normalisiert. Dann schlage ich spätestens zu..!..oder früher mit ungutem Gefühl im Bauch. So steile Charts sind nicht ohne. Dazu kommt jetzt auch noch die Bewertung welche mit KGV über 40 schon sehr hoch ist. Aaaaaaaaaaaaber dieses Teil ist jetzt erst mal am laufen. Total spannende Geschichte.
Diese Aktie hat für mich das Zeug zum Tenbagger. Das Wachstum ist ja im Grunde unbegrenzt..solange der Goldpreis mitspielt bzw. nicht einbricht. Allerdings hat Sandstorm einige Vorschusslorbeeren im Chart welche aber auch durch das tolle Geschäftsmodel sehr gut bestätigt werden können.
Hier ist m.M. nach alles möglich ..sogar das der Bullenknaller auch über 10,- Euro einsteigt..! :-)
LG vom Bullen
Bin leider noch nicht investiert..da hatte ich noch auf eine kleine Konsolidierung gewartet. Der Kurs ist jetzt ja sogar nach oben aus dem Trading-Kanal ausgebrochen...noch steiler in den Norden..! Unglaublich..dieser Sandsturm ist nicht zu stoppen. Ist ja auch ein tolles Konzept mit Zukunft. Ich frage mich jetzt nur wann hier mal einige endlich Gewinne mitnehmen damit der Kurs sich wieder etwas normalisiert. Dann schlage ich spätestens zu..!..oder früher mit ungutem Gefühl im Bauch. So steile Charts sind nicht ohne. Dazu kommt jetzt auch noch die Bewertung welche mit KGV über 40 schon sehr hoch ist. Aaaaaaaaaaaaber dieses Teil ist jetzt erst mal am laufen. Total spannende Geschichte.
Diese Aktie hat für mich das Zeug zum Tenbagger. Das Wachstum ist ja im Grunde unbegrenzt..solange der Goldpreis mitspielt bzw. nicht einbricht. Allerdings hat Sandstorm einige Vorschusslorbeeren im Chart welche aber auch durch das tolle Geschäftsmodel sehr gut bestätigt werden können.
Hier ist m.M. nach alles möglich ..sogar das der Bullenknaller auch über 10,- Euro einsteigt..! :-)
LG vom Bullen
am freitag wurden doch schon 10,20 EUR bezahlt und wenn man direkt an der TSX gehandelt hat und einen "fairen" EUR/CAD-Kurs bekommt waren es sogar 10,26 EUR !!!
klar, die fahnenstange ist mir auch etwas mulmig, aber ich bin nun schon seit 3,05 EUR (Splitbereinigt) dabei und würde mal sagen einen rücksetzer um 10% verkrafte ich ... ich schaue jetzt eher auf den gold und den platinpreis , denn die sind für die nächsten wochen entscheidend. wenn es gut läuft hat der eine analys mit KZ 15,50 CAD wohl noch binnen der nächsten 4-6 Monate recht !! also ich bin gespannt, was die mit den 65 Mio. machen, die sie noch eingesammelt haben !! des weiteren ist ja die MK bald richtung 1. MRD. USD !!!!! da könnten dann fonds noch dazukommen .... aber du hast schon recht, börse ist keine einbahnstarße, doc nolan scheint mir ein "kleverer hund" zu sein mit super connections ins finanzgewerbe ... er sagt ja in dem interview selbst, dass viele tipps von investmentbankern kommen ,,, und dann schaltet er sein geologenteam ein und prüft und prüft und prüft und ggf. kommt eine super-deal dabei raus !!
war schön mal eine andere meinung zu hören, vielleicht sind wir ja bald beide aktionäre der firma ! schönes WE !!
klar, die fahnenstange ist mir auch etwas mulmig, aber ich bin nun schon seit 3,05 EUR (Splitbereinigt) dabei und würde mal sagen einen rücksetzer um 10% verkrafte ich ... ich schaue jetzt eher auf den gold und den platinpreis , denn die sind für die nächsten wochen entscheidend. wenn es gut läuft hat der eine analys mit KZ 15,50 CAD wohl noch binnen der nächsten 4-6 Monate recht !! also ich bin gespannt, was die mit den 65 Mio. machen, die sie noch eingesammelt haben !! des weiteren ist ja die MK bald richtung 1. MRD. USD !!!!! da könnten dann fonds noch dazukommen .... aber du hast schon recht, börse ist keine einbahnstarße, doc nolan scheint mir ein "kleverer hund" zu sein mit super connections ins finanzgewerbe ... er sagt ja in dem interview selbst, dass viele tipps von investmentbankern kommen ,,, und dann schaltet er sein geologenteam ein und prüft und prüft und prüft und ggf. kommt eine super-deal dabei raus !!
war schön mal eine andere meinung zu hören, vielleicht sind wir ja bald beide aktionäre der firma ! schönes WE !!
Ist DIESE Nachricht eigentlich schon bekannt? Sorry, falls JA ...
http://www.4-traders.com/SANDSTORM-GOLD-LTD-10879041/news/Sa…
Bin seit dieser Woche übrigens mit an Bord - wenn auch nur mit 3000 Stück ...
...den Kaudausschlag gab letztlich DIESE Seite:
http://www.barchart.com/opinions/stocks/SSL.VN
... sowas sieht man(n) selten .. also: Tenbagger voraus! ;-)
http://www.4-traders.com/SANDSTORM-GOLD-LTD-10879041/news/Sa…
Bin seit dieser Woche übrigens mit an Bord - wenn auch nur mit 3000 Stück ...
...den Kaudausschlag gab letztlich DIESE Seite:
http://www.barchart.com/opinions/stocks/SSL.VN
... sowas sieht man(n) selten .. also: Tenbagger voraus! ;-)
Antwort auf Beitrag Nr.: 43.660.748 von MONSIEURCB am 29.09.12 15:54:17und pivot-point von 13,15 geknackt...... zwar nicht nachhaltig,
aber .....
wenn´s umfeld in bezug auf pm so positiv bleibt könnten wir auch
schnell die 14 sehen.
bis jahresende werden wir sicher die 15 sehen.
auf eine grüne restwoche
elsolivars
aber .....
wenn´s umfeld in bezug auf pm so positiv bleibt könnten wir auch
schnell die 14 sehen.
bis jahresende werden wir sicher die 15 sehen.
auf eine grüne restwoche
elsolivars
Antwort auf Beitrag Nr.: 43.660.220 von graue eminenz am 29.09.12 10:27:27der platin-deal wird vor allen dingen positiv für´s schwesterchen
sein, die mit einigen invest´s aktuell schon ein wenig das "schleudern"
hat. es sind zwar in dem sinne noch keine verluste realisiert worden,
jedoch - man schaue sich den kursverlauf an - ist nicht alles so
positiv wie man´s sich gewünscht hatte.
elsolivars
sein, die mit einigen invest´s aktuell schon ein wenig das "schleudern"
hat. es sind zwar in dem sinne noch keine verluste realisiert worden,
jedoch - man schaue sich den kursverlauf an - ist nicht alles so
positiv wie man´s sich gewünscht hatte.
elsolivars
Artikel von "seekingalpha"
http://seekingalpha.com/article/903231-sandstorm-rallying-on…
http://seekingalpha.com/article/903231-sandstorm-rallying-on…
ich bin raus. Seit 2 Jahren dabei und gut verdient. Irgendwann muss man auch mal Gewinne mitnehmen.
Bei Sandstorm Metals bleib ich drin (hier gibt's auch wieder Insiderkäufe!).
Bei Sandstorm Metals bleib ich drin (hier gibt's auch wieder Insiderkäufe!).
mein limit liegt bei 14,99 CAD ... dann muss erst mal eine konsolidierung her !
wenn aber gold jetzt noch die 1800 knackt, dann geht es wohl noch weiter.
ich glaube das brummt gerade so, weil sich die amis nicht rechtzeitig mit shares eingedeckt haben, sieht man ja auch am voumen an der nyse, das mittlerweile höher ist als an der tsx !!
aber die hast recht, irgendwann sind alle guten nachrichten im kurs drin ! .... und ob nun gelich noch mit dem restgeld i.H.v. 65 mio. cad der nächste deal kommt weiß man auch nicht, denn wenn das der fall wäre, gibt es noch einen kleinen schub ! (den wir dann nicht mehr mitnehmen).
wenn aber gold jetzt noch die 1800 knackt, dann geht es wohl noch weiter.
ich glaube das brummt gerade so, weil sich die amis nicht rechtzeitig mit shares eingedeckt haben, sieht man ja auch am voumen an der nyse, das mittlerweile höher ist als an der tsx !!
aber die hast recht, irgendwann sind alle guten nachrichten im kurs drin ! .... und ob nun gelich noch mit dem restgeld i.H.v. 65 mio. cad der nächste deal kommt weiß man auch nicht, denn wenn das der fall wäre, gibt es noch einen kleinen schub ! (den wir dann nicht mehr mitnehmen).
Royal Gold, die ein ähnliches Geschäftsmodell haben werden derzeit bei knapp 100 USD mit einem KGV von 61 bewertet !!!!
SAND hat "nur" 42 als KGV .... also von daher noch 50% Luft !
aber !!! Royal Gold hat es nun schon seit 10 Jahren bewiesen, dass es läuft .... das steht und bei SAND (SSL.V) noch aus !!!
allerdings befinden wir uns gerade erst im aufbau, also dürften weitere KEs folgen, was zu verwässerung etc. führt .... bleibt also spannend und wie gesagt, charttechnisch scheint bei 15CAD die luft zu dünn zu werden !
meinungen ???
SAND hat "nur" 42 als KGV .... also von daher noch 50% Luft !
aber !!! Royal Gold hat es nun schon seit 10 Jahren bewiesen, dass es läuft .... das steht und bei SAND (SSL.V) noch aus !!!
allerdings befinden wir uns gerade erst im aufbau, also dürften weitere KEs folgen, was zu verwässerung etc. führt .... bleibt also spannend und wie gesagt, charttechnisch scheint bei 15CAD die luft zu dünn zu werden !
meinungen ???
Zitat von graue eminenz: Royal Gold, die ein ähnliches Geschäftsmodell haben werden derzeit bei knapp 100 USD mit einem KGV von 61 bewertet !!!!
SAND hat "nur" 42 als KGV .... also von daher noch 50% Luft !
aber !!! Royal Gold hat es nun schon seit 10 Jahren bewiesen, dass es läuft .... das steht und bei SAND (SSL.V) noch aus !!!
allerdings befinden wir uns gerade erst im aufbau, also dürften weitere KEs folgen, was zu verwässerung etc. führt .... bleibt also spannend und wie gesagt, charttechnisch scheint bei 15CAD die luft zu dünn zu werden !
meinungen ???
Ja..ich warte ja immer noch das hier endlich mal konsolidiert wird. Was bei Sand abgeht ist ja nicht mehr normal. Ich bin aktuell in einer anderen Goldmine investiert..Kanadisches Unternehmen..Mine steht in China..die werden wahrscheinlich auf die Gewinne für nächstes Jahr ein KGV von 1 ( eins ) haben. Nur,..die will keiner kaufen...das Teil kommt nicht in die Hufe. So ist das manchmal..und wie unterschiedlich die Anleger solche Aktien bewerten. Bei einigen ist selbst ein KGV von 42 noch billig und bei anderen ein KGV von 1 überhaupt nicht kaufenswert. Das Model von Sandstorm finde ich klasse und möchte hier auch investieren. Mein Problem ist nur...ist das jetzt der Richtige Zeitpunkt. Sand ist so steil gelaufen..da kommt mir fast der " neue Markt " wieder in Erinnerung..! Das Risiko der Gewinnmitnahmen steigt.. und die Chance eines bullischen Kursausbruchs von meiner Chinesischen Goldmine steigt. Achtung..das soll hier keine Werbung sein..nur mal meine Problematik darstellen.
Ich hoffe jedenfalls das mir der " Sandsturm " nicht zu viel in den Norden wegweht und ich bald den kleinen Switch vollziehen kann.
LG vom Bullen
Unglaublich..!
Diese Aktie ist nicht zu stoppen,...echt unglaublich..!
LG vom Bullen
Diese Aktie ist nicht zu stoppen,...echt unglaublich..!
LG vom Bullen
so, bin auch raus, habe um 10 cent das limit verändert ... ist mir doch auch zu heiß jetzt.
bei 11,50 CAD - 11,75 CAD werden neue einstiegsorders platziert !
gruss
bei 11,50 CAD - 11,75 CAD werden neue einstiegsorders platziert !
gruss
Zitat von graue eminenz: so, bin auch raus, habe um 10 cent das limit verändert ... ist mir doch auch zu heiß jetzt.
bei 11,50 CAD - 11,75 CAD werden neue einstiegsorders platziert !
gruss
Lange kann das auch nicht mehr gut gehen. Dachte ich allerdings auch schon bei 14,- CAD. Nun ja..dann hoffe ich mal auf einen schönen Rücksetzer zum Neueinstieg. Kurse um die 10,- Euro würden auch mir gut passen.
Trotzdem,... eine unglaubliche Aktie....!
LG vom Bullen
Zitat von graue eminenz: so, bin auch raus, habe um 10 cent das limit verändert ... ist mir doch auch zu heiß jetzt.
bei 11,50 CAD - 11,75 CAD werden neue einstiegsorders platziert !
gruss
Mein Kompliment..!
Perfekter Ausstieg zum Höchstkurs..!
da kann man nicht meckern..ich sag ja..das Ding wird noch mal weiter unten Luft holen. Ich bereite auch schon mal meinen Einstieg vor..mal sehen wie weit das noch runter geht. @ graue eminenz..kannste dann ja von Deinem Einstieg schreiben..du scheinst ja ein gutes Feeling zu haben..!
LG vom Bullen
Sandstorm Gold To Release Third Quarter Results On October 25
Sandstorm Gold Ltd.
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/22/12 -- Sandstorm Gold Ltd. (TSX VENTURE: SSL) will release its 2012 third quarter results on Thursday, October 25, 2012, after market close.
A conference call will be held on Friday, October 26, 2012 starting at 8:30am PDT to further discuss the third quarter results. To participate in the conference call use the following dial-in numbers:
Local/International: 647-788-4916
North American Toll-Free: 877-214-4966
It is recommended that participants dial in five minutes prior to the commencement of the conference call. Click here to access an audio webcast of the conference call which will also be available on the Sandstorm website.
ABOUT SANDSTORM GOLD
Sandstorm Gold Ltd. is a gold streaming company. Sandstorm Gold provides upfront financing for gold mining companies that are looking for capital. In return, Sandstorm Gold receives a gold streaming agreement. This agreement gives Sandstorm Gold the right to purchase a percentage of the life of mine gold produced, at a fixed price. Sandstorm Gold is a non-operating gold mining company with a portfolio of eight gold streams (five of which are producing gold) and three NSR gold royalties. Sandstorm Gold plans to grow and diversify its low cost production profile through the acquisition of additional gold streams.
Sandstorm Gold is focused on low cost operations with excellent exploration potential and strong management teams. Sandstorm Gold has completed gold purchase or royalty agreements with Brigus Gold Corp., Colossus Minerals Inc., Donner Metals Ltd., Luna Gold Corp., Magellan Minerals Ltd., Metanor Resources Inc., Santa Fe Gold Corp., SilverCrest Mines Inc., Rambler Metals and Mining plc and Solitario Exploration & Royalty Corp.
For more information visit: www.sandstormgold.com.
Sandstorm Gold Ltd.
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/22/12 -- Sandstorm Gold Ltd. (TSX VENTURE: SSL) will release its 2012 third quarter results on Thursday, October 25, 2012, after market close.
A conference call will be held on Friday, October 26, 2012 starting at 8:30am PDT to further discuss the third quarter results. To participate in the conference call use the following dial-in numbers:
Local/International: 647-788-4916
North American Toll-Free: 877-214-4966
It is recommended that participants dial in five minutes prior to the commencement of the conference call. Click here to access an audio webcast of the conference call which will also be available on the Sandstorm website.
ABOUT SANDSTORM GOLD
Sandstorm Gold Ltd. is a gold streaming company. Sandstorm Gold provides upfront financing for gold mining companies that are looking for capital. In return, Sandstorm Gold receives a gold streaming agreement. This agreement gives Sandstorm Gold the right to purchase a percentage of the life of mine gold produced, at a fixed price. Sandstorm Gold is a non-operating gold mining company with a portfolio of eight gold streams (five of which are producing gold) and three NSR gold royalties. Sandstorm Gold plans to grow and diversify its low cost production profile through the acquisition of additional gold streams.
Sandstorm Gold is focused on low cost operations with excellent exploration potential and strong management teams. Sandstorm Gold has completed gold purchase or royalty agreements with Brigus Gold Corp., Colossus Minerals Inc., Donner Metals Ltd., Luna Gold Corp., Magellan Minerals Ltd., Metanor Resources Inc., Santa Fe Gold Corp., SilverCrest Mines Inc., Rambler Metals and Mining plc and Solitario Exploration & Royalty Corp.
For more information visit: www.sandstormgold.com.
Antwort auf Beitrag Nr.: 43.699.222 von Bullenknaller am 10.10.12 18:45:31tja, ich staune seit tagen auch, dass SAND gar nicht so recht zurückkommen will und das obwohl gold und platin gerade eine pause einlegen !!!
hoffen da etwa viele auf die verbliebenen 65 mio. cad und damit ein neues invest ?? tja, vielleicht hat nolan schon was in petto ... !!!
morgen kommen Q-zahlen und freitag ist telefonkonferenz !
also bei 11 CAD fange ich an 1/3 neu zu investieren ! die story stimmt ... man sieht es ja an ROYAL GOLD, die das modell schon seit jahren betreiben
hoffen da etwa viele auf die verbliebenen 65 mio. cad und damit ein neues invest ?? tja, vielleicht hat nolan schon was in petto ... !!!
morgen kommen Q-zahlen und freitag ist telefonkonferenz !
also bei 11 CAD fange ich an 1/3 neu zu investieren ! die story stimmt ... man sieht es ja an ROYAL GOLD, die das modell schon seit jahren betreiben
Hmmmm .... guuuuute Zahlen:
http://finance.yahoo.com/news/sandstorm-gold-reports-record-…
Besonders netter Satz:
"Outlook
Based on existing gold stream agreements, the forecasted attributable production for 2012 is 31,000 to 34,000 ounces of gold, increasing to over 60,000 ounces of gold equivalent per annum by 2015."
http://finance.yahoo.com/news/sandstorm-gold-reports-record-…
Besonders netter Satz:
"Outlook
Based on existing gold stream agreements, the forecasted attributable production for 2012 is 31,000 to 34,000 ounces of gold, increasing to over 60,000 ounces of gold equivalent per annum by 2015."
eine tolle zusammenfassung , ein unbedingtes "must read" :
http://www.scribd.com/doc/109775409/Matthew-Williams-Sandsto…
schönes rest-we und weiterhin viel spaß
elsolivars
http://www.scribd.com/doc/109775409/Matthew-Williams-Sandsto…
schönes rest-we und weiterhin viel spaß
elsolivars
Das schönste Zitat aus dem "must read":
" Sandstorm Gold presents an investment opportunity in the gold mining space without all the risks of investing directly in theminers themselves (production delays, cost overruns, equity dilution). In summary, the following reasons make Sandstorm Golda compelling investment.
* Unique business model with an experienced management team and few direct competitors.
* Having just recently listed on a U.S. exchange, the company is not widely followed or understood by many market participants.
* Numerous near term catalysts exist that will both increase awareness of the company and help bring increased clarity to production potential in the out years.
* Because of the “exploration upside” factor and the trend toward higher gold prices, the return potential on their deals isasymmetrical to the original investment required to fund the deal.
* With low operating expenses (fewer than 20 employees) and a highly favorable tax structure, Sandstorm Gold canredeploy a large percentage of cash flow from operations into new streams which will help accelerate productiongrowth into the future.In terms of share price, I hesitate with identifying a specific price target. That said, it is my opinion that shareholders with a 3 to 5year investment horizon will achieve gains that are measured in multiples of their original investment, not in percentages."
" Sandstorm Gold presents an investment opportunity in the gold mining space without all the risks of investing directly in theminers themselves (production delays, cost overruns, equity dilution). In summary, the following reasons make Sandstorm Golda compelling investment.
* Unique business model with an experienced management team and few direct competitors.
* Having just recently listed on a U.S. exchange, the company is not widely followed or understood by many market participants.
* Numerous near term catalysts exist that will both increase awareness of the company and help bring increased clarity to production potential in the out years.
* Because of the “exploration upside” factor and the trend toward higher gold prices, the return potential on their deals isasymmetrical to the original investment required to fund the deal.
* With low operating expenses (fewer than 20 employees) and a highly favorable tax structure, Sandstorm Gold canredeploy a large percentage of cash flow from operations into new streams which will help accelerate productiongrowth into the future.In terms of share price, I hesitate with identifying a specific price target. That said, it is my opinion that shareholders with a 3 to 5year investment horizon will achieve gains that are measured in multiples of their original investment, not in percentages."
Die Schwesterfirma wird auch immer interessanter ...
http://www.bloomberg.com/news/2012-10-29/sandstorm-bets-on-b…
http://www.bloomberg.com/news/2012-10-29/sandstorm-bets-on-b…
tja, da heben sie also bares erhalten und sind 4% des minenerlöses los !
solche optionen haben auch noch andere portfolio-mitglieder ... also wenn die diese ausüben, und das werden sie, wenn der goldpreis steigt, dann muss nolan schleunigst neue juniorminer finden, wo er investieren kann !! die die 24 mio. haben sie jetzt ca. 90 mio. cad bargeld !!
solche optionen haben auch noch andere portfolio-mitglieder ... also wenn die diese ausüben, und das werden sie, wenn der goldpreis steigt, dann muss nolan schleunigst neue juniorminer finden, wo er investieren kann !! die die 24 mio. haben sie jetzt ca. 90 mio. cad bargeld !!
also eigentlich sollte man bei dieser nachricht ein paar stücke von BRIGUS Gold kaufen !!! die werden schon wissen, warum sie 4% der produktion wieder selber zum marktpreis verkaufen wollen und nicht für 500 usd an SAND ! meinungen ????
fetter rücksetzer !!!!! nun traue ich mich aber auch nicht mehr rein ... erst mal stabilisierung abwarten und dann kleine anfangsposition !
Bislang knapp 25 % Korrektur in drei Tagen, heftig !
Man kann in der Tat nach erfolgter Bodenbildung aufstocken !
Man kann in der Tat nach erfolgter Bodenbildung aufstocken !
Wer JETZT nicht nachlegt, wird's schon
in wenigen Tagen bitter bereuen .....
in wenigen Tagen bitter bereuen .....
Ein Schritt weiter ...http://finance.yahoo.com/news/sandstorm-gold-trade-toronto-s…
Hallo,
ist bei euch SSL in canada handelbar?
Bei mir nicht.....wohl aber in Frankfurt!?
.
ist bei euch SSL in canada handelbar?
Bei mir nicht.....wohl aber in Frankfurt!?
.
Natürlich auch in kanda - wo ist das Problem? Hausbank? Broker?
seid ihr hier nicht mehr auf dem laufenden ????
Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (TSX:SSL)(NYSE Amex:SAND)(NYSE MKT:SAND) is pleased to announce that it has entered into a gold stream agreement with Mutiny Gold Ltd. ("Mutiny") (ASX:MYG) to acquire an amount of gold from the Deflector Project ("Deflector") located in Western Australia.
Sandstorm has agreed to purchase an amount equal to 15% of the gold produced from Deflector (the "Gold Stream"). Pursuant to this agreement, Sandstorm will make an initial upfront cash payment to Mutiny of US$9 million (the "Initial Deposit") and will make a future cash remittance of US$29 million (the "Second Deposit") once Mutiny has received final mine permits for Deflector as well as completed certain funding conditions. In addition, Sandstorm will make ongoing per ounce payments equal to the lesser of US$500 per ounce of gold and the prevailing market price of gold (the "Per Ounce Payments"). If Deflector produces more than 85,000 ounces of gold in a given year, Sandstorm will make a one-time US$4 million payment to Mutiny (the "Conditional Deposit"). Aside from the Initial Deposit, the Second Deposit, the Per Ounce Payments and the Conditional Deposit, Sandstorm is not required to contribute to any capital, exploration or operating expenditures in respect to Deflector.
"The transaction with Mutiny Gold marks Sandstorm's first foray into the Australian market which has had very limited exposure to stream financing," said President & CEO Nolan Watson. "The Deflector Project is expected to be a high-grade, low-cost producer and we believe there is significant exploration upside on the property. Australia has a number of excellent assets and we hope this deal is the first of many in the country."
Mutiny will have the option, for a period of 36 months from the date of the Second Deposit, to repurchase in whole or in part, up to 50% of the Gold Stream by making a payment equal to the greater of US$24.7 million or the value of 14,472 gold ounces, whereupon the percentage of gold that Sandstorm is entitled to purchase shall be decreased from 15% to 7.5%.
If Mutiny subsequently discovers and develops an additional mine within a defined area outside of the area subject to the Gold Stream, Sandstorm has the right, but not the obligation, to purchase 15% of the gold produced at a per ounce price of US$500 in exchange for Sandstorm paying 15% of the capital expenditures incurred for the development.
auf ´ne grüne woche
elsolivars
Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (TSX:SSL)(NYSE Amex:SAND)(NYSE MKT:SAND) is pleased to announce that it has entered into a gold stream agreement with Mutiny Gold Ltd. ("Mutiny") (ASX:MYG) to acquire an amount of gold from the Deflector Project ("Deflector") located in Western Australia.
Sandstorm has agreed to purchase an amount equal to 15% of the gold produced from Deflector (the "Gold Stream"). Pursuant to this agreement, Sandstorm will make an initial upfront cash payment to Mutiny of US$9 million (the "Initial Deposit") and will make a future cash remittance of US$29 million (the "Second Deposit") once Mutiny has received final mine permits for Deflector as well as completed certain funding conditions. In addition, Sandstorm will make ongoing per ounce payments equal to the lesser of US$500 per ounce of gold and the prevailing market price of gold (the "Per Ounce Payments"). If Deflector produces more than 85,000 ounces of gold in a given year, Sandstorm will make a one-time US$4 million payment to Mutiny (the "Conditional Deposit"). Aside from the Initial Deposit, the Second Deposit, the Per Ounce Payments and the Conditional Deposit, Sandstorm is not required to contribute to any capital, exploration or operating expenditures in respect to Deflector.
"The transaction with Mutiny Gold marks Sandstorm's first foray into the Australian market which has had very limited exposure to stream financing," said President & CEO Nolan Watson. "The Deflector Project is expected to be a high-grade, low-cost producer and we believe there is significant exploration upside on the property. Australia has a number of excellent assets and we hope this deal is the first of many in the country."
Mutiny will have the option, for a period of 36 months from the date of the Second Deposit, to repurchase in whole or in part, up to 50% of the Gold Stream by making a payment equal to the greater of US$24.7 million or the value of 14,472 gold ounces, whereupon the percentage of gold that Sandstorm is entitled to purchase shall be decreased from 15% to 7.5%.
If Mutiny subsequently discovers and develops an additional mine within a defined area outside of the area subject to the Gold Stream, Sandstorm has the right, but not the obligation, to purchase 15% of the gold produced at a per ounce price of US$500 in exchange for Sandstorm paying 15% of the capital expenditures incurred for the development.
auf ´ne grüne woche
elsolivars
Keine Sorge, wir sind durchaus auf dem Läufigen ... ;-)
Die News ist vom letzten Mittwoch:
http://sandstormgold.com/news/release/index.php?&content_id=…
... und ist der Auftakt für Sandstorm's Engagement in Australien ..
Die News ist vom letzten Mittwoch:
http://sandstormgold.com/news/release/index.php?&content_id=…
... und ist der Auftakt für Sandstorm's Engagement in Australien ..
Antwort auf Beitrag Nr.: 43.908.906 von MONSIEURCB am 10.12.12 09:31:44...hatten wir nicht auch schon das vergnügen bei monaco-lorenz....
elsolivars
elsolivars
@elsolivars: ?????
Mit http://de.undervalued-shares.com/studien/der-monaco-report-v… hab ich nix am Hut ... Velwechsrung! ;-)
Mit http://de.undervalued-shares.com/studien/der-monaco-report-v… hab ich nix am Hut ... Velwechsrung! ;-)
..und NOCH mehr Munition in der Kasse:
http://finance.yahoo.com/news/sandstorm-gold-announces-credi…
http://finance.yahoo.com/news/sandstorm-gold-announces-credi…
...und schon wieder News .. wenn auch hier offenbar für die Katz??
http://finance.yahoo.com/news/sandstorm-gold-announces-metal…
http://finance.yahoo.com/news/sandstorm-gold-announces-metal…
Antwort auf Beitrag Nr.: 44.147.176 von MONSIEURCB am 15.02.13 18:34:56die Entree Gold Aktion ist ein ziemlicher "long shot". Die Produktion an den Randbereichen von Oyu Tolgoi liegt noch Jahre, wenn nicht sogar Jahrzehnte in der Zukunft (Ich hab mal irgendwas von 2030 gelesen...)
Hi Jeroboam - schön, hier endlich mal einen Mitstreiter zu treffen!
Wenn ich mir das alles so durchlese und sehe, wie weit Sandstorm vertraglich entgegenkommt, dann geht es ihnen wohl primär darum, langfristig und vorausschauend einen Fuß in diesem gewaltigen mongolischen Zukunftsprojekt zu haben ... die Jungs denken einfach langfristig - und gerade darin liegt IMHO ihre Stärke ...
Wenn ich mir das alles so durchlese und sehe, wie weit Sandstorm vertraglich entgegenkommt, dann geht es ihnen wohl primär darum, langfristig und vorausschauend einen Fuß in diesem gewaltigen mongolischen Zukunftsprojekt zu haben ... die Jungs denken einfach langfristig - und gerade darin liegt IMHO ihre Stärke ...
Sollte Sandstorm nicht übernommen werden?
Ü b e r n o m m e n ????
Sandstorm übernimmt A N D E R E ! ;---))
Sandstorm übernimmt A N D E R E ! ;---))
Hat jemand die Aktionärsstruktur für mich?
Danke schön.
Sandstorm Gold Announces Fourth Quarter and Annual Results
Vancouver, British Columbia | February 18, 2013
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) is pleased to announce its results for the fourth quarter and year ended December 31, 2012 (all figures in U.S. dollars).
Fourth Quarter Highlights (3 Months)
Gold sales totaled 7,243 ounces.
Operating cash flow was $6.5 million.
Average cash cost per ounce1 was $410 resulting in cash operating margins2 of $1,305 per ounce.
Net income was $7.4 million.
Entered into a gold streaming agreement with Munity Gold Inc. to purchase 15% of the life of mine gold produced from the Deflector Mine.
2012 Highlights (12 Months)
Gold sales totaled 33,514 ounces, an increase of 81% over 2011.
Record operating cash flow of $37.6 million.
Average cash cost per ounce1 was $356 resulting in cash operating margins2 of $1,313.
Net income of $21.9 million.
Acquired a 2.5% net smelter returns (“NSR”) royalty on the Coringa gold project and a 1% NSR on the Cuiú Cuiú gold project from Magellan Minerals Ltd.
Acquired a 2.4% NSR royalty on the Mt. Hamilton gold project from Solitario Exploration & Royalty Corp.
Metanor Resources Inc. obtained approval for commercial production at the Bachelor Lake Mine.
The Company’s common shares began trading on the NYSE MKT LLC under the symbol SAND.
Completed an equity financing for aggregate gross proceeds of CAD$150.1 million.
Entered into a gold stream agreement with Colossus Minerals Inc. to purchase 1.5% of the gold and 35% of the platinum produced from the Serra Pelada Mine.
“I am happy to report that we met our 2012 guidance and had a strong year in terms of gold production and cash flow,” said Sandstorm President and CEO Nolan Watson. “We added value for our shareholders by completing two gold streams and three gold royalty deals during the year and intend to continue to deploy our cash into accretive gold stream opportunities.”
Outlook
Sandstorm’s forecasted attributable production for 2013 is 33,000 to 40,000 gold equivalent ounces coming from seven active mines. Attributable production is expected to increase to approximately 70,000 gold equivalent ounces by 2016 from the Company’s current portfolio of gold streams.
The Company’s Management's Discussion and Analysis (MD&A) and Financial Statements for the fourth quarter and annual results will become accessible on the Company’s website and will be posted on SEDAR at www.sedar.com. The Company has also completed a Form 40F filing with the SEC which will be posted on EDGAR at http://www.sec.gov/edgar.shtml. Shareholders can request a hard copy of the MD&A and Financial Statements by emailing info@sandstormltd.com.
Webcast and Conference Call Details
A conference call will be held on Tuesday, February 19, 2013 starting at 8:30am PST to further discuss the fourth quarter and annual results. To participate in the conference call use the following dial-in numbers:
Local/International: 647-788-4916
North American Toll-Free: 877-214-4966
It is recommended that participants dial in five minutes prior to the commencement of the conference call. Click here to access an audio webcast of the conference call which will also be available on the Sandstorm website.
ABOUT SANDSTORM GOLD
Sandstorm Gold Ltd. is a gold streaming company. Sandstorm provides upfront financing for gold mining companies that are looking for capital. In return, Sandstorm receives a gold streaming agreement. This agreement gives Sandstorm the right to purchase a percentage of the life of mine gold produced, at a fixed price. Sandstorm is a non-operating gold mining company with a portfolio of ten gold streams, six of which are producing gold, and four NSR royalties. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold streams.
Sandstorm is focused on low cost operations with excellent exploration potential and strong management teams. Sandstorm has completed gold purchase or royalty agreements with Brigus Gold Corp., Colossus Minerals Inc., Donner Metals Ltd., Entrée Gold Inc., Luna Gold Corp., Magellan Minerals Ltd., Metanor Resources Inc., Mutiny Gold Ltd., Santa Fe Gold Corp., SilverCrest Mines Inc., Rambler Metals and Mining plc and Solitario Exploration & Royalty Corp.
For more information visit: www.sandstormgold.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This press release contains "forward-looking statements", within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Sandstorm Gold Ltd. (“Sandstorm”). Forward-looking statements include, but are not limited to, statements with respect to the future price of gold, the estimation of mineral reserves and resources, realization of mineral reserve estimates, the timing and amount of estimated future production. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans”, or similar terminology.
Forward-looking statements are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performances or achievements of Sandstorm to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Sandstorm will operate in the future, including the price of gold and anticipated costs. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others, gold price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks relating to the parties which produce the gold Sandstorm will purchase, regulatory restrictions, activities by governmental authorities (including changes in taxation), currency fluctuations, the global economic climate, dilution, share price volatility and competition.
Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of Sandstorm to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the impact of general business and economic conditions, the absence of control over mining operations from which Sandstorm will purchase gold and risks related to those mining operations, including risks related to international operations, government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined, risks in the marketability of minerals, fluctuations in the price of gold, fluctuation in foreign exchange rates and interest rates, stock market volatility, as well as those factors discussed in the section entitled “Risks to Sandstorm” in Sandstorm’s annual report for the financial year ended December 31, 2012 available at www.sedar.com. Although Sandstorm has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Sandstorm does not undertake to update any forward looking statements that are contained or incorporated by reference, except in accordance with applicable securities laws.
Note 1: Sandstorm has included a non-IFRS performance measure in this press release being average cash cost per ounce. Average cash cost per ounce is calculated by dividing the Company’s costs of sales (excluding depletion) by the number of ounces sold. The Company presents average cash costs per ounce as it believes that certain investors use this information to evaluate the Company’s performance in comparison to other companies in the precious metals mining industry who present results on a similar basis.
Note 2: Sandstorm has included a non-IFRS performance measure in this press release being cash operating margin. Cash operating margin is calculated by subtracting the average cash cost of gold on a per ounce basis from the average realized selling price of gold on a per ounce basis. The Company presents cash operating margin as it believes that certain investors use this information to evaluate the Company's performance in comparison to other companies in the precious metals mining industry who present results on a similar basis.
Vancouver, British Columbia | February 18, 2013
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) is pleased to announce its results for the fourth quarter and year ended December 31, 2012 (all figures in U.S. dollars).
Fourth Quarter Highlights (3 Months)
Gold sales totaled 7,243 ounces.
Operating cash flow was $6.5 million.
Average cash cost per ounce1 was $410 resulting in cash operating margins2 of $1,305 per ounce.
Net income was $7.4 million.
Entered into a gold streaming agreement with Munity Gold Inc. to purchase 15% of the life of mine gold produced from the Deflector Mine.
2012 Highlights (12 Months)
Gold sales totaled 33,514 ounces, an increase of 81% over 2011.
Record operating cash flow of $37.6 million.
Average cash cost per ounce1 was $356 resulting in cash operating margins2 of $1,313.
Net income of $21.9 million.
Acquired a 2.5% net smelter returns (“NSR”) royalty on the Coringa gold project and a 1% NSR on the Cuiú Cuiú gold project from Magellan Minerals Ltd.
Acquired a 2.4% NSR royalty on the Mt. Hamilton gold project from Solitario Exploration & Royalty Corp.
Metanor Resources Inc. obtained approval for commercial production at the Bachelor Lake Mine.
The Company’s common shares began trading on the NYSE MKT LLC under the symbol SAND.
Completed an equity financing for aggregate gross proceeds of CAD$150.1 million.
Entered into a gold stream agreement with Colossus Minerals Inc. to purchase 1.5% of the gold and 35% of the platinum produced from the Serra Pelada Mine.
“I am happy to report that we met our 2012 guidance and had a strong year in terms of gold production and cash flow,” said Sandstorm President and CEO Nolan Watson. “We added value for our shareholders by completing two gold streams and three gold royalty deals during the year and intend to continue to deploy our cash into accretive gold stream opportunities.”
Outlook
Sandstorm’s forecasted attributable production for 2013 is 33,000 to 40,000 gold equivalent ounces coming from seven active mines. Attributable production is expected to increase to approximately 70,000 gold equivalent ounces by 2016 from the Company’s current portfolio of gold streams.
The Company’s Management's Discussion and Analysis (MD&A) and Financial Statements for the fourth quarter and annual results will become accessible on the Company’s website and will be posted on SEDAR at www.sedar.com. The Company has also completed a Form 40F filing with the SEC which will be posted on EDGAR at http://www.sec.gov/edgar.shtml. Shareholders can request a hard copy of the MD&A and Financial Statements by emailing info@sandstormltd.com.
Webcast and Conference Call Details
A conference call will be held on Tuesday, February 19, 2013 starting at 8:30am PST to further discuss the fourth quarter and annual results. To participate in the conference call use the following dial-in numbers:
Local/International: 647-788-4916
North American Toll-Free: 877-214-4966
It is recommended that participants dial in five minutes prior to the commencement of the conference call. Click here to access an audio webcast of the conference call which will also be available on the Sandstorm website.
ABOUT SANDSTORM GOLD
Sandstorm Gold Ltd. is a gold streaming company. Sandstorm provides upfront financing for gold mining companies that are looking for capital. In return, Sandstorm receives a gold streaming agreement. This agreement gives Sandstorm the right to purchase a percentage of the life of mine gold produced, at a fixed price. Sandstorm is a non-operating gold mining company with a portfolio of ten gold streams, six of which are producing gold, and four NSR royalties. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold streams.
Sandstorm is focused on low cost operations with excellent exploration potential and strong management teams. Sandstorm has completed gold purchase or royalty agreements with Brigus Gold Corp., Colossus Minerals Inc., Donner Metals Ltd., Entrée Gold Inc., Luna Gold Corp., Magellan Minerals Ltd., Metanor Resources Inc., Mutiny Gold Ltd., Santa Fe Gold Corp., SilverCrest Mines Inc., Rambler Metals and Mining plc and Solitario Exploration & Royalty Corp.
For more information visit: www.sandstormgold.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This press release contains "forward-looking statements", within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Sandstorm Gold Ltd. (“Sandstorm”). Forward-looking statements include, but are not limited to, statements with respect to the future price of gold, the estimation of mineral reserves and resources, realization of mineral reserve estimates, the timing and amount of estimated future production. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans”, or similar terminology.
Forward-looking statements are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performances or achievements of Sandstorm to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Sandstorm will operate in the future, including the price of gold and anticipated costs. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others, gold price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks relating to the parties which produce the gold Sandstorm will purchase, regulatory restrictions, activities by governmental authorities (including changes in taxation), currency fluctuations, the global economic climate, dilution, share price volatility and competition.
Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of Sandstorm to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the impact of general business and economic conditions, the absence of control over mining operations from which Sandstorm will purchase gold and risks related to those mining operations, including risks related to international operations, government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined, risks in the marketability of minerals, fluctuations in the price of gold, fluctuation in foreign exchange rates and interest rates, stock market volatility, as well as those factors discussed in the section entitled “Risks to Sandstorm” in Sandstorm’s annual report for the financial year ended December 31, 2012 available at www.sedar.com. Although Sandstorm has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Sandstorm does not undertake to update any forward looking statements that are contained or incorporated by reference, except in accordance with applicable securities laws.
Note 1: Sandstorm has included a non-IFRS performance measure in this press release being average cash cost per ounce. Average cash cost per ounce is calculated by dividing the Company’s costs of sales (excluding depletion) by the number of ounces sold. The Company presents average cash costs per ounce as it believes that certain investors use this information to evaluate the Company’s performance in comparison to other companies in the precious metals mining industry who present results on a similar basis.
Note 2: Sandstorm has included a non-IFRS performance measure in this press release being cash operating margin. Cash operating margin is calculated by subtracting the average cash cost of gold on a per ounce basis from the average realized selling price of gold on a per ounce basis. The Company presents cash operating margin as it believes that certain investors use this information to evaluate the Company's performance in comparison to other companies in the precious metals mining industry who present results on a similar basis.
..und was passiert in Kanada? Sell on good news ... muss man nicht verstehen ... vielleicht der ideale Nachkauf-Zeitpunkt?
Preislich wird der Markt wieder vernünftiger, meines erachtens aber immer noch zu teuer. Die Aktie wird wohl noch ein paar Dollar abspecken...
Genau meine Rede: Einstiegs-Zeitpunkt ...
http://www.forbes.com/sites/dividendchannel/2013/02/19/sands…
http://www.forbes.com/sites/dividendchannel/2013/02/19/sands…
ein paar Dollar abspecken..
ja 2 wäre nett.
Hab dort nochwas gut zumachen.
Nun hat sie sich aber technisch versemmelt.
ja 2 wäre nett.
Hab dort nochwas gut zumachen.
Nun hat sie sich aber technisch versemmelt.
gestern Abend Telbörse FED stellt möglicherweise früher das Aufkaufprogramm ein,dies wird nochmals auf die Gold und Silber negativ sein und die Kurse weiter nach unten Drücken.
Ich glaube das der Boden von den Mienenwerten noch nicht erreicht ist.Speziel bei dieser Aktie werde ich bald auch bald Nachkaufen.Den besten Einstiegskurs bekommt man ja eh nicht.auch glaube ich das die Mienenaktien vorher steigen als Gold u. Silber.
auf jeden Fall bin ich davon überzeugt das man mit diesen Ausgesuchten Mienenaktien noch richtig viel Geld verdienen läßt.Die Kriese ist noch lange nicht gelöst.Ich vermute die wird noch schlimmer.Wo kann man denn sonst noch Geld anlegen,außer bei Aktien und Gold u.Silber.
Ich glaube das der Boden von den Mienenwerten noch nicht erreicht ist.Speziel bei dieser Aktie werde ich bald auch bald Nachkaufen.Den besten Einstiegskurs bekommt man ja eh nicht.auch glaube ich das die Mienenaktien vorher steigen als Gold u. Silber.
auf jeden Fall bin ich davon überzeugt das man mit diesen Ausgesuchten Mienenaktien noch richtig viel Geld verdienen läßt.Die Kriese ist noch lange nicht gelöst.Ich vermute die wird noch schlimmer.Wo kann man denn sonst noch Geld anlegen,außer bei Aktien und Gold u.Silber.
Antwort auf Beitrag Nr.: 44.167.166 von Xarb am 21.02.13 07:48:03ja sehe ich genauso, habe auch nur noch Ambev und Nestle im Depot und werde bei sandstorm auf einstieg warten.
@xarb: Jaja, die KRIESE und die MIENEN ..
und die Rechtschreib- und Aktien-Experten in w/o ... ;---))))
und die Rechtschreib- und Aktien-Experten in w/o ... ;---))))
An Monsieurcb
Zum Glück hab ich so manch Lehrer hier,aber mit der Rechtschreibung kann nicht jeder so gut
wie manch anderer.Spielt an der Börse auch keine Rolle,hier sind andere Kenntnisse erforderlich.Und dies ist mir wesentlich wichtiger.Vielleicht sollten sie statt an der Börse keinen Handel betreiben,da ihre Stärken wie man sieht doch ganz wo anders liegen.(Deutschlehrer)
ist nur ein Vorschlag von mir.
Zum Glück hab ich so manch Lehrer hier,aber mit der Rechtschreibung kann nicht jeder so gut
wie manch anderer.Spielt an der Börse auch keine Rolle,hier sind andere Kenntnisse erforderlich.Und dies ist mir wesentlich wichtiger.Vielleicht sollten sie statt an der Börse keinen Handel betreiben,da ihre Stärken wie man sieht doch ganz wo anders liegen.(Deutschlehrer)
ist nur ein Vorschlag von mir.
Wie wär's mit ein bisschen mehr Kritikfähigkeit?
Und die Beherrschung der deutschen Sprache (schon aus Respekt vor den Mitlesern hier) und ca. 30 Jahre Börsenerfahrung schließen sich logisch absolut nicht aus, d'accord? Sonst wäre ich ja auch nicht gerade u.a. in DIESEN Wert investiert. Also: Pax nobiscum ...
Und die Beherrschung der deutschen Sprache (schon aus Respekt vor den Mitlesern hier) und ca. 30 Jahre Börsenerfahrung schließen sich logisch absolut nicht aus, d'accord? Sonst wäre ich ja auch nicht gerade u.a. in DIESEN Wert investiert. Also: Pax nobiscum ...
Hab ich jetzt den Nerv getroffen? Leider habe ich fürKindereien keine Zeit.
@ xarb: Kindereien? Keine Zeit? Hmmm ..keine 4 Wochen in w/o, großer Durchblicker (Zitat: "An Fliese 79 sehe ich auch so es gibt keinen Grund mich von meinen Anteilen zu trennen." Tage später: "Ich habe mich jetzt doch von meinen Anteilen getrennt,da ich jetzt doch zu dem Schluß gekommen bin das es doch nach unten geht.")und große Töne ... weder triffst du meinen Nerv noch hab ich Probleme mit dir armen Stressman - ich lege nur Wert auf respektvollen Umgang hier - und dazu gehört auch ein Minimum an verständlicher Rechtschreibung.
Hugh & Friedenspfeife.
Und jetzt sachlich zurück zu unserem (hoffnungsvollen) Sorgenkind ...
Hugh & Friedenspfeife.
Und jetzt sachlich zurück zu unserem (hoffnungsvollen) Sorgenkind ...
Könnte doch sein das ich wichtige Info heute Erhalten habe um mich dann von meinen Anteilen zu trennen,oder nicht.Da meine Quelle sehr zuverlässig ist.
Schon 4 Tage alt, aber sehr informativ:
http://seekingalpha.com/article/1234401-buy-beaten-down-sand…
http://seekingalpha.com/article/1234401-buy-beaten-down-sand…
Royalty Streaming Panel – BNN Interview at PDAC 2013 with Premier Royalty Inc. President & CEO Abraham Drost and Sandstorm Gold President & CEO Nolan Watson
http://watch.bnn.ca/#clip878845
http://watch.bnn.ca/#clip878845
Ich weiß ja nicht, was alpha für diese PR-Jobs bezahlt bekommt ... ;-)
... aber dieser Fakten-Überblick kann sich sehen lassen:
http://seekingalpha.com/article/1257411-sandstorm-adding-val…
... aber dieser Fakten-Überblick kann sich sehen lassen:
http://seekingalpha.com/article/1257411-sandstorm-adding-val…
Aurizona-Update - liest sich guuuuuuut ...
http://finance.yahoo.com/news/sandstorm-gold-announces-luna-…
http://finance.yahoo.com/news/sandstorm-gold-announces-luna-…
Antwort auf Beitrag Nr.: 44.265.458 von MONSIEURCB am 18.03.13 10:15:27....... und noch interessanter sind die Comments
im Anschluß an die artikel ......
gruß elsolivars
im Anschluß an die artikel ......
gruß elsolivars
@elsolivars: Danke für den Tipp ... bin so auf AMERICAS BULLION gestoßen, hab mich schlau gemacht über deren Bullion-Prinzip und sofort zugeschlagen .. DAS könnte langfristig die nächste Silver Wheaton sein - jetzt noch zum "Säuglings-Preis" zu kriegen ...
Die PR-Maschinerie läuft auf Hochtouren ... ;-))
http://seekingalpha.com/article/1298541-why-sandstorm-s-exce…
http://seekingalpha.com/article/1298541-why-sandstorm-s-exce…
Antwort auf Beitrag Nr.: 44.211.874 von MONSIEURCB am 04.03.13 17:02:49Wie ist denn die Einschätzung zu dem Entree-Engagement?
Sind dort Risiken, oder kann das durchgewunken werden.
Sind dort Risiken, oder kann das durchgewunken werden.
Antwort auf Beitrag Nr.: 44.339.683 von dosto am 01.04.13 14:54:57Rechtschreibfehler bitte ich umgehend zu entschuldigen.
Eine persönliche Meinung deinerseits, die ich selten gelesen habe,
dafür würde mich umso mehr freuen.
Was denkt M-CB selbst.
oder läßt er nur News denken.
die guuuuut sind,
warum sind sie gut?
Eine persönliche Meinung deinerseits, die ich selten gelesen habe,
dafür würde mich umso mehr freuen.
Was denkt M-CB selbst.
oder läßt er nur News denken.
die guuuuut sind,
warum sind sie gut?
Hey dosto - zu Ostern Kreide statt Eier gefressen? Nüchtern? :-))
So kenn ich dich ja schon lange nicht mehr ....
Warum kein Kommentar? Weil der Artikel eigentlich nix Neues bringt, aber die Zusammenfassung gipfelt in einem klugen Satz:
"...it was pointed out that Sandstorm's internal projections were conservative when compared to production guidance provided by individual companies. We suspect that part of the reason for this conservative approach is rooted in the preference to over-achieve rather than over-promise. As Sandstone continues to mature we expect the share price to be increasingly reflecting financial metrics rather than speculation on future deals."
Ich sehe da mittel- bis langfristig durchaus Silver Wheaton-Dimensionen am Horizont. Liegen lassen & Tee trinken ...
So kenn ich dich ja schon lange nicht mehr ....
Warum kein Kommentar? Weil der Artikel eigentlich nix Neues bringt, aber die Zusammenfassung gipfelt in einem klugen Satz:
"...it was pointed out that Sandstorm's internal projections were conservative when compared to production guidance provided by individual companies. We suspect that part of the reason for this conservative approach is rooted in the preference to over-achieve rather than over-promise. As Sandstone continues to mature we expect the share price to be increasingly reflecting financial metrics rather than speculation on future deals."
Ich sehe da mittel- bis langfristig durchaus Silver Wheaton-Dimensionen am Horizont. Liegen lassen & Tee trinken ...
Antwort auf Beitrag Nr.: 44.339.917 von MONSIEURCB am 01.04.13 16:04:06Oder noch besser, abwarten und auf der watch haben.
Bei mc nördlich 800 Mio. $ u. ca. 30 Mio. cashflow gibt's nicht viel Spielraum für Enttäuschungen...oder besser gesagt...das Geschäftsmodell gefällt, die Bewertung weniger.
Das gilt allerdings auch für die anderen Streamer (die aber diversifizierter sind und einen längeren track-rekord haben = Bewertungsaufschlag). Die anderen Streamer sind so teuer, dass ich die noch nichtmal "watche".
Dosto will wahrscheinlich eine Bullenmeinung, damit er Dir einen "Bären aufbinden" kann
Bei mc nördlich 800 Mio. $ u. ca. 30 Mio. cashflow gibt's nicht viel Spielraum für Enttäuschungen...oder besser gesagt...das Geschäftsmodell gefällt, die Bewertung weniger.
Das gilt allerdings auch für die anderen Streamer (die aber diversifizierter sind und einen längeren track-rekord haben = Bewertungsaufschlag). Die anderen Streamer sind so teuer, dass ich die noch nichtmal "watche".
Dosto will wahrscheinlich eine Bullenmeinung, damit er Dir einen "Bären aufbinden" kann
Zitat von MONSIEURCB: We suspect that part of the reason for this conservative approach is rooted in the preference to over-achieve rather than over-promise.
Das sehe ich aber, vor allem was Sandstorm Metals angeht, doch ganz schön anders.
Dort gab es schöne blumige Versprechen, bisher aber nix als dicke Verluste.
Antwort auf Beitrag Nr.: 44.343.795 von jerobeam am 02.04.13 11:19:21dafür gibts bei metals dann eine konsi durch einen 1 für 10 split.
..... aber grundsätzlich geb ich dir recht, metals hat bisher nur
viel heiße luft geschlagen und die türen nicht geöffnet.
schauen wir mal ob sie die klinke finden.
elsolivars
..... aber grundsätzlich geb ich dir recht, metals hat bisher nur
viel heiße luft geschlagen und die türen nicht geöffnet.
schauen wir mal ob sie die klinke finden.
elsolivars
Antwort auf Beitrag Nr.: 44.353.799 von jerobeam am 03.04.13 13:59:45jau, stell dir vor dass hat ich auch begriffen .......
sollte mehr oder weniger ein spaß sein, sorry wenn´s denn falsch
rübergekommen ist
elsolivars
sollte mehr oder weniger ein spaß sein, sorry wenn´s denn falsch
rübergekommen ist
elsolivars
Hoffentlich gibt das heute
kein "sell on good news":
http://finance.yahoo.com/news/sandstorm-gold-announces-incre…
kein "sell on good news":
http://finance.yahoo.com/news/sandstorm-gold-announces-incre…
Hatte ganz übersehen, dass unser Schätzchen wiederum an Premier Royalty beteiligt ist ...
http://seekingalpha.com/article/1398271-gold-and-silver-roya…
http://seekingalpha.com/article/1398271-gold-and-silver-roya…
Antwort auf Beitrag Nr.: 44.580.009 von MONSIEURCB am 07.05.13 10:10:05...der nicht Sandstorm Gold betrifft, sondern Sandstorm Metal.
Nolan verkauft Aktien.
http://www.canadianinsider.com/node/7?menu_tickersearch=Sand…
Kann ich ihm nicht verübeln. Im derzeitigen Umfeld immer noch zu hoch bewertet, der Laden.
http://www.canadianinsider.com/node/7?menu_tickersearch=Sand…
Kann ich ihm nicht verübeln. Im derzeitigen Umfeld immer noch zu hoch bewertet, der Laden.
Antwort auf Beitrag Nr.: 44.827.709 von tntxrxwelle am 11.06.13 16:03:16Merci, tntxrxwelle, für die Meldung und Deine Einschätzung zur Bewertung von Sandstorm!
Die Bodenbildung beim Goldpreis scheint ja noch nicht so richtig abgeschlossen. Zumindest ist zu beobachten, daß mehr und mehr Marktteilnehmer ihren einst ungezügelten Optimismus aufgegeben haben und neuerdings von einem echten Bärenmarkt beim Gold sprechen. Wenn dann auch noch echte Insider wie Nolan sich von Unternehmensanteilen trennen, sendet das nicht gerade Signale ungebrochener Zuversicht an die Anleger.
Gut, was Nolan mit seinem Kapital macht, ist alleine seine Sache. Und daß man in den letzten 6 bis 8 Monaten besser gar nicht in Goldminen sowie Royalty- und Streaming-Unternehmen investiert gewesen sein sollte, ist ja nun auch klargeworden, so gelassen aus dem Rückspiegel betrachtet.
Aber mal eine andere Frage:
Gab es in dieser Zeit des Preisverfalls unter denjenigen, die hier Sandstorm und vielleicht noch andere Streamer beobachten, gab es da denn ausschließlich Durchhalte-Investoren? Oder hat der eine oder andere doch noch rechtzeitig verkauft, ist vielleicht sogar short gegangen?
Wenn ja, Glückwunsch! Die Einschätzung dieser augenblicklich bärisch eingestellten Beobachter wäre hier sicher von besonderem Interesse. Denn meist tendiert so ein Faden ja zu einer unkritischen bis dogmatischen Pro-Haltung, was zwangsläufig den Blick auf eine unvoreingenommene, sachliche Bewertung vernebelt.
Die Bodenbildung beim Goldpreis scheint ja noch nicht so richtig abgeschlossen. Zumindest ist zu beobachten, daß mehr und mehr Marktteilnehmer ihren einst ungezügelten Optimismus aufgegeben haben und neuerdings von einem echten Bärenmarkt beim Gold sprechen. Wenn dann auch noch echte Insider wie Nolan sich von Unternehmensanteilen trennen, sendet das nicht gerade Signale ungebrochener Zuversicht an die Anleger.
Gut, was Nolan mit seinem Kapital macht, ist alleine seine Sache. Und daß man in den letzten 6 bis 8 Monaten besser gar nicht in Goldminen sowie Royalty- und Streaming-Unternehmen investiert gewesen sein sollte, ist ja nun auch klargeworden, so gelassen aus dem Rückspiegel betrachtet.
Aber mal eine andere Frage:
Gab es in dieser Zeit des Preisverfalls unter denjenigen, die hier Sandstorm und vielleicht noch andere Streamer beobachten, gab es da denn ausschließlich Durchhalte-Investoren? Oder hat der eine oder andere doch noch rechtzeitig verkauft, ist vielleicht sogar short gegangen?
Wenn ja, Glückwunsch! Die Einschätzung dieser augenblicklich bärisch eingestellten Beobachter wäre hier sicher von besonderem Interesse. Denn meist tendiert so ein Faden ja zu einer unkritischen bis dogmatischen Pro-Haltung, was zwangsläufig den Blick auf eine unvoreingenommene, sachliche Bewertung vernebelt.
jerobeam schrieb am 04.10.12 16:31:49
Beitrag Nr.530 (43.678.550)
Seit Oktober draussen, und das ist auch gut so, die Entscheidung war GOLD-Richtig. Ein paar Stück habe ich noch zur Beobachtung.
Beitrag Nr.530 (43.678.550)
Zitat von jerobeam: ich bin raus. Seit 2 Jahren dabei und gut verdient. Irgendwann muss man auch mal Gewinne mitnehmen.
Seit Oktober draussen, und das ist auch gut so, die Entscheidung war GOLD-Richtig
. Ein paar Stück habe ich noch zur Beobachtung.
ich hab mich mal aus dem busch gertraut und bin knapp über 7 mit einem ersten teil eingestiegen...gruß in die runde. mal schauen zu welchem kurs ich nachkaufe, ich lasse mir noch ca. nen monat zum beobachten/entscheiden zeit.
Bin in drei Staffeln raus (13,97 CAD, 9,59 CAD und 7,49 CAD) und werde wohl auch nicht wieder einsteigen.
Danke für Euer Feedback! Es ist immer interessant zu sehen, unter welchen Voraussetzungen jemand eine Aktie bewertet, wie er selbst engagiert ist oder mal war, oder warum einfach nur unentschlossen abgewartet wird.
Bei mir ist's so, daß ich im Oktober ein Drittel meiner Silver Wheaton Position verkauft habe. Der Rest blieb, da abgeltungsteuerfrei. Eigentlich war der Verkaufserlös zum Kauf anderer Streamer bestimmt, darunter Sandstorm Gold sowie das Schwesterunternehmen Sandstorm M&E. Doch so lustlos wie sich der Handel nunmehr monatelang im Abwärtstrend befindet, ohne daß es mal zu einem richtig volumenstarken, endgültigen Tiefpunkt kommt, mag sich noch kein rechter Appetit einstellen...
Bei mir ist's so, daß ich im Oktober ein Drittel meiner Silver Wheaton Position verkauft habe. Der Rest blieb, da abgeltungsteuerfrei.
Eigentlich war der Verkaufserlös zum Kauf anderer Streamer bestimmt, darunter Sandstorm Gold sowie das Schwesterunternehmen Sandstorm M&E. Doch so lustlos wie sich der Handel nunmehr monatelang im Abwärtstrend befindet, ohne daß es mal zu einem richtig volumenstarken, endgültigen Tiefpunkt kommt, mag sich noch kein rechter Appetit einstellen... Zitat von dives: [...] Doch so lustlos wie sich der Handel nunmehr monatelang im Abwärtstrend befindet, ohne daß es mal zu einem richtig volumenstarken, endgültigen Tiefpunkt kommt, mag sich noch kein rechter Appetit einstellen...
Und einen Tag später steht der Kurs von Sandstorm Gold mit -5,6% bei mehr als dem Doppeltem des Durchschnittsumsatzes in dickem Rot auf der Tafel. Den anderen Streamern ergeht es auch nicht viel besser, Silver Wheaton mit -9,1% sogar noch deutlich schlechter.
War das nun der finale Ausverkauf oder stellt der heutige Handelstag doch nur eine Zwischenstation auf dem Weg zu noch tieferen Kursen dar?
Vielleicht bringt der morgige Handelsbeginn in Asien mehr Einblicke in die Marktpsyche und am Ende sogar den nötigen Appetit.
melde mich hier auch mal wieder zu wort.
hatte ssl splitbereinigt zu kursen um 3 euro gekauft, bei 11,50 alles rausgehauen und auf watchlist gesetzt.
gold sieht nicht gut aus, platin wird folgen ... die margen werden knapp bei ssl. und mit der bewertung werde ich erst unter 3 euro wieder einsteigen ... eher so bei 2,20 bis 2,50 ! dann muss man warten können ! negativ zu wertn ist der verfall des aurumpreises für den gewinn, der reicht aber aus, um sich zu schnäppchenpreisen explorer zu günstigen konditionen zu sichern, also wieder 400 USD-verträge je oz. !!! solche deals wären bei hohen goldpreisen gar nicht mehr machbar gewesen ... von daher hat nolan jetzt zeit zu suchen und was passendes zu finden ! ist halt eine kräftige konsolidierung, aber irgendwann bildet sich der boden aus. aktien wie barrick etc. würde ich nicht mehr anfassen !
gruss und viel glück
hatte ssl splitbereinigt zu kursen um 3 euro gekauft, bei 11,50 alles rausgehauen und auf watchlist gesetzt.
gold sieht nicht gut aus, platin wird folgen ... die margen werden knapp bei ssl. und mit der bewertung werde ich erst unter 3 euro wieder einsteigen ... eher so bei 2,20 bis 2,50 ! dann muss man warten können ! negativ zu wertn ist der verfall des aurumpreises für den gewinn, der reicht aber aus, um sich zu schnäppchenpreisen explorer zu günstigen konditionen zu sichern, also wieder 400 USD-verträge je oz. !!! solche deals wären bei hohen goldpreisen gar nicht mehr machbar gewesen ... von daher hat nolan jetzt zeit zu suchen und was passendes zu finden ! ist halt eine kräftige konsolidierung, aber irgendwann bildet sich der boden aus. aktien wie barrick etc. würde ich nicht mehr anfassen !
gruss und viel glück
Antwort auf Beitrag Nr.: 44.917.219 von graue eminenz am 25.06.13 15:06:013,00 EUR ist ein wenig happig.
Sieht nach Paradoxon aus. Um auf 3 EUR zu fallen, müssen m.E. schon Schließungen bei den Streams drohen. Wenn die aber drohen/akut sind...wieso dann 3,00 EUR für heisse Luft zahlen ?
Sieht nach Paradoxon aus. Um auf 3 EUR zu fallen, müssen m.E. schon Schließungen bei den Streams drohen. Wenn die aber drohen/akut sind...wieso dann 3,00 EUR für heisse Luft zahlen ?
wir werden sehen ;-)
Was genau passiert denn, wenn der Goldpreis unter die Produktionskosten einer Mine fällt. Es liegt doch nahe, dass die Förderung dann eingestellt wird ... aber was ist in einem solchen Fall mit Sandstorm vertraglich vereinbart? Geht man in der Zwischenzeit leer aus? Wird die Ausfallzeit an das Ende der Laufzeit angehängt? Gibt es eventuelle Rückzahlungen?
Antwort auf Beitrag Nr.: 44.929.515 von Lwymi am 26.06.13 20:40:41nein, das sieht ein logischer Mensch so ! Wenn ich mein Produkt nicht mit Gewinn verkaufen kann, dann stelle ich die Produktion ein, bei den Minern läuft das anders, die erhöhen die Produktion noch ! Und sind gerne bereit eine Unze zu fördern, die die Aktionäre 2 Unzen kostet ! Und das ist das Problem, Die Bosse stecken sich Millionen in die Tasche und du bezahlst das
Antwort auf Beitrag Nr.: 44.929.515 von Lwymi am 26.06.13 20:40:41Es gibt z.T. cashflow-Garantien. Das ist interessant, wenn der Gegenpart ein Unternehmen mit tiefen Taschen ist. Sandstorm hat aber keine Streams mit tieftaschigen Unternehmen. Kann sich dann ggf. mit der Übetragung der unprofitablen Mine begnügen, vielleicht gibt's auch ein wenig Equipment, je nachdem, welcher Gläubiger ersten Zugriff hat.
Schätzungsweise lösen sich Sandstorms Streams bei ca. 1000 $ in Wohlgefallen auf. Allenfalls wäre noch Colossus interessant, weil es dort quasi unmöglich ist, mit den Beiprodukten Platin u. Palladium Miese zu machen...das Problem, die P+P Kreisläufe kommen erst Q3/Q4 2014 und wovon Colossus ein Flotation-Plant bezahlen will, erschließt sich mir nicht.
Schätzungsweise lösen sich Sandstorms Streams bei ca. 1000 $ in Wohlgefallen auf. Allenfalls wäre noch Colossus interessant, weil es dort quasi unmöglich ist, mit den Beiprodukten Platin u. Palladium Miese zu machen...das Problem, die P+P Kreisläufe kommen erst Q3/Q4 2014 und wovon Colossus ein Flotation-Plant bezahlen will, erschließt sich mir nicht.
Antwort auf Beitrag Nr.: 45.091.725 von MONSIEURCB am 22.07.13 16:48:55mit vorsicht zu genießen, cdm-cap , ......
die, die direkt eingangs sagen dass sie short sind und damit auch
zwangsläufig nicht recht bemüht zu sein scheinen, ein wenig
objektivität walten lassen zu wollen.
viel spaß weiterhin (auch wenn´s imo nicht so viel spaß macht)
elsolivars
die, die direkt eingangs sagen dass sie short sind und damit auch
zwangsläufig nicht recht bemüht zu sein scheinen, ein wenig
objektivität walten lassen zu wollen.
viel spaß weiterhin (auch wenn´s imo nicht so viel spaß macht)
elsolivars
Kommentar dazu + Wachstums-Perspektiven:
http://seekingalpha.com/article/1594392-sandstorm-gold-where…
http://seekingalpha.com/article/1594392-sandstorm-gold-where…
guter move...das geld ist in 6 quartalen wieder rein
ancouver, British Columbia | August 19, 2013
Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT:SAND, TSX:SSL) has amended the previously announced gold stream agreement (the "Amended Gold Stream") with Mutiny Gold Ltd. ("Mutiny") (ASX:MYG). Mutiny is developing the Deflector project located in the Murchison Region of Western Australia ("Deflector").
In accordance with the Amended Gold Stream, Sandstorm has agreed to purchase an amount equal to 2.6% of the gold produced from Deflector in exchange for an upfront payment of US$6 million (the "Upfront Payment"). The Upfront Payment was previously remitted to Mutiny in the form of a loan, so there are no additional payments that are required to be made by Sandstorm.
Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT:SAND, TSX:SSL) has amended the previously announced gold stream agreement (the "Amended Gold Stream") with Mutiny Gold Ltd. ("Mutiny") (ASX:MYG). Mutiny is developing the Deflector project located in the Murchison Region of Western Australia ("Deflector").
In accordance with the Amended Gold Stream, Sandstorm has agreed to purchase an amount equal to 2.6% of the gold produced from Deflector in exchange for an upfront payment of US$6 million (the "Upfront Payment"). The Upfront Payment was previously remitted to Mutiny in the form of a loan, so there are no additional payments that are required to be made by Sandstorm.
Sandstorm Metals & Energy Converts Bracemac-McLeod Stream Into 3% NSR Royalty
Vancouver, British Columbia | September 3, 2013
Sandstorm Metals & Energy Ltd. (“Sandstorm Metals” or the “Company”) (TSX-V: SND) is pleased to announce that it has converted its copper stream (the “Copper Stream”) along with Sandstorm Gold Ltd.’s (“Sandstorm Gold”) gold stream (the “Gold Stream”) on the Bracemac-McLeod Mine (“Bracemac-McLeod”) into a 3% net smelter returns royalty (“NSR”) based on 100% of production from Bracemac-McLeod. Bracemac-McLeod is located in Matagami, Quebec and is owned and operated by a subsidiary of Glencore Xstrata plc (“Glencore”). The 3% NSR will be split between Sandstorm Metals and Sandstorm Gold (together “Sandstorm”) based on the respective funds contributed to Donner Metals Ltd. (“Donner”) in relation to the Copper Stream and Gold Stream, resulting in Sandstorm Metals receiving 80% of the proceeds from the 3% NSR (equivalent to a 2.4% NSR) and Sandstorm Gold receiving 20% of the proceeds from the 3% NSR (equivalent to a 0.6% NSR).
Sandstorm Metal’s Copper Stream agreement with Donner entitled the Company to purchase 24.5% of the copper produced from Bracemac-McLeod at US$0.80 per lb. Donner held a 35% participating interest in Bracemac-McLeod (the “Joint Venture”) but recently announced its inability to meet the cash calls under their Development and Operating Agreement with Glencore (see Donner press release dated August 13, 2013). Sandstorm Metals had the option to remedy the default by making the cash call payments to Glencore however this would have required Sandstorm Metals to raise a significant amount of equity. In order to avoid diluting shareholders, Sandstorm Metals and Sandstorm Gold have agreed the following with Donner and Glencore:
Glencore has issued a 3% NSR to Sandstorm Metals on 100% of production from Bracemac-McLeod, which will be split 80% Sandstorm Metals and 20% Sandstorm Gold, in exchange for Donner’s 35% participating interest in the Joint Venture and an option to acquire the Donner shares held by Sandstorm Metals.
Sandstorm Metals and Sandstorm Gold have relinquished the Copper Stream and the Gold Stream respectively.
Sandstorm Metals will issue 1,333,334 shares of Sandstorm Metals (at a deemed price of $1.50 per share) to Donner and Donner has provided each of Glencore and Sandstorm Metals with an irrevocable and unconditional release and discharge of any claim by Donner against Glencore or Sandstorm Metals and Donner agreed to an orderly completion of the transactions.
After the proceeds from the 3% NSR exceed $49 million, from that point forward, Sandstorm will pay a 1% NSR to Donner out of the proceeds of the 3% NSR.
Sandstorm’s President and CEO Nolan Watson commented, “Although Sandstorm had the ability to assume and maintain ownership of the 35% joint venture in the event of a Donner default, the ongoing capital requirements would have required raising a considerable amount of capital resulting in significant dilution for shareholders. This transaction allows us to avoid dilution and the 3% NSR will begin generating cash flow in the fourth quarter of this year, transitioning Sandstorm Metals into a cash flowing company.”
ABOUT SANDSTORM METALS & ENERGY
Sandstorm Metals & Energy Ltd. is the world’s first diversified streaming company. Sandstorm provides upfront financing to resource companies that are looking for capital and in return, receives a commodity streaming agreement. This agreement gives Sandstorm the right to purchase a percentage of the commodity produced, for the life of the asset, at a fixed price. Sandstorm has acquired a portfolio of three commodity streams and two NSR royalties in copper, palladium, zinc-lead and natural gas. Sandstorm plans to grow its production base through the acquisition of additional commodity streams.
Sandstorm Metals & Energy is focused on low cost operations with excellent exploration potential and strong management teams. Sandstorm has completed royalty and commodity purchase agreements with Canadian Zinc Corp., Colossus Minerals Inc., a subsidiary of Glencore Xstrata plc, Entrée Gold Inc. and Thunderbird Energy Corp.
For more information visit: www.sandstormmetalsandenergy.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking information" or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans”, or similar terminology. Forward-looking information is based on reasonable assumptions that have been made by Sandstorm as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Sandstorm to be materially different from those expressed or implied by the forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over operations from which Sandstorm will purchase commodities and risks related to those operations, including risks related to international operations, government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; problems inherent to the marketability of commodities; industry conditions, including fluctuations in the price of commodities, fluctuations in foreign exchange rates and fluctuations in interest rates; stock market volatility; competition; as well as those factors discussed in the section entitled "Risks to Sandstorm" in Sandstorm’s annual report for the financial year ended December 31, 2012. Although Sandstorm has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Sandstorm does not undertake to update any forward-looking information that is contained or incorporated by reference herein, except in accordance with applicable securities laws. Sandstorm does not provide any representation as to its comparability with other companies in its industry including, but not limited to, Franco-Nevada Corporation, BHP Billiton and Rio Tinto.
CONTACT INFORMATION
Sandstorm Metals & Energy Ltd.
Nolan Watson, President & Chief Executive Officer
(604) 689-0234
Denver Harris, Investor Relations Contact
(604) 628-1178
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Vancouver, British Columbia | September 3, 2013
Sandstorm Metals & Energy Ltd. (“Sandstorm Metals” or the “Company”) (TSX-V: SND) is pleased to announce that it has converted its copper stream (the “Copper Stream”) along with Sandstorm Gold Ltd.’s (“Sandstorm Gold”) gold stream (the “Gold Stream”) on the Bracemac-McLeod Mine (“Bracemac-McLeod”) into a 3% net smelter returns royalty (“NSR”) based on 100% of production from Bracemac-McLeod. Bracemac-McLeod is located in Matagami, Quebec and is owned and operated by a subsidiary of Glencore Xstrata plc (“Glencore”). The 3% NSR will be split between Sandstorm Metals and Sandstorm Gold (together “Sandstorm”) based on the respective funds contributed to Donner Metals Ltd. (“Donner”) in relation to the Copper Stream and Gold Stream, resulting in Sandstorm Metals receiving 80% of the proceeds from the 3% NSR (equivalent to a 2.4% NSR) and Sandstorm Gold receiving 20% of the proceeds from the 3% NSR (equivalent to a 0.6% NSR).
Sandstorm Metal’s Copper Stream agreement with Donner entitled the Company to purchase 24.5% of the copper produced from Bracemac-McLeod at US$0.80 per lb. Donner held a 35% participating interest in Bracemac-McLeod (the “Joint Venture”) but recently announced its inability to meet the cash calls under their Development and Operating Agreement with Glencore (see Donner press release dated August 13, 2013). Sandstorm Metals had the option to remedy the default by making the cash call payments to Glencore however this would have required Sandstorm Metals to raise a significant amount of equity. In order to avoid diluting shareholders, Sandstorm Metals and Sandstorm Gold have agreed the following with Donner and Glencore:
Glencore has issued a 3% NSR to Sandstorm Metals on 100% of production from Bracemac-McLeod, which will be split 80% Sandstorm Metals and 20% Sandstorm Gold, in exchange for Donner’s 35% participating interest in the Joint Venture and an option to acquire the Donner shares held by Sandstorm Metals.
Sandstorm Metals and Sandstorm Gold have relinquished the Copper Stream and the Gold Stream respectively.
Sandstorm Metals will issue 1,333,334 shares of Sandstorm Metals (at a deemed price of $1.50 per share) to Donner and Donner has provided each of Glencore and Sandstorm Metals with an irrevocable and unconditional release and discharge of any claim by Donner against Glencore or Sandstorm Metals and Donner agreed to an orderly completion of the transactions.
After the proceeds from the 3% NSR exceed $49 million, from that point forward, Sandstorm will pay a 1% NSR to Donner out of the proceeds of the 3% NSR.
Sandstorm’s President and CEO Nolan Watson commented, “Although Sandstorm had the ability to assume and maintain ownership of the 35% joint venture in the event of a Donner default, the ongoing capital requirements would have required raising a considerable amount of capital resulting in significant dilution for shareholders. This transaction allows us to avoid dilution and the 3% NSR will begin generating cash flow in the fourth quarter of this year, transitioning Sandstorm Metals into a cash flowing company.”
ABOUT SANDSTORM METALS & ENERGY
Sandstorm Metals & Energy Ltd. is the world’s first diversified streaming company. Sandstorm provides upfront financing to resource companies that are looking for capital and in return, receives a commodity streaming agreement. This agreement gives Sandstorm the right to purchase a percentage of the commodity produced, for the life of the asset, at a fixed price. Sandstorm has acquired a portfolio of three commodity streams and two NSR royalties in copper, palladium, zinc-lead and natural gas. Sandstorm plans to grow its production base through the acquisition of additional commodity streams.
Sandstorm Metals & Energy is focused on low cost operations with excellent exploration potential and strong management teams. Sandstorm has completed royalty and commodity purchase agreements with Canadian Zinc Corp., Colossus Minerals Inc., a subsidiary of Glencore Xstrata plc, Entrée Gold Inc. and Thunderbird Energy Corp.
For more information visit: www.sandstormmetalsandenergy.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking information" or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans”, or similar terminology. Forward-looking information is based on reasonable assumptions that have been made by Sandstorm as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Sandstorm to be materially different from those expressed or implied by the forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over operations from which Sandstorm will purchase commodities and risks related to those operations, including risks related to international operations, government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; problems inherent to the marketability of commodities; industry conditions, including fluctuations in the price of commodities, fluctuations in foreign exchange rates and fluctuations in interest rates; stock market volatility; competition; as well as those factors discussed in the section entitled "Risks to Sandstorm" in Sandstorm’s annual report for the financial year ended December 31, 2012. Although Sandstorm has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Sandstorm does not undertake to update any forward-looking information that is contained or incorporated by reference herein, except in accordance with applicable securities laws. Sandstorm does not provide any representation as to its comparability with other companies in its industry including, but not limited to, Franco-Nevada Corporation, BHP Billiton and Rio Tinto.
CONTACT INFORMATION
Sandstorm Metals & Energy Ltd.
Nolan Watson, President & Chief Executive Officer
(604) 689-0234
Denver Harris, Investor Relations Contact
(604) 628-1178
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
luna der derzeit wichtigste stream kommt langsam wieder in schwung. ca. 3000oz mehr produziert als in q2 13, grades und recovery leider noch unter durchschnitt was sich auf die kosten für luna auswirken wird...unterm strich aber bleibt mehr für sand
Vancouver, October 7, 2013 – Luna Gold Corp. (TSX-LGC) (LMA-LGC) (OTCQX-LGCUF) (“Luna” or the “Company”) releases production results for the third quarter 2013 (“3Q13”) at its Aurizona Gold Mine.
Production for 3Q13 was 21,000 ounces of gold.
Vancouver, October 7, 2013 – Luna Gold Corp. (TSX-LGC) (LMA-LGC) (OTCQX-LGCUF) (“Luna” or the “Company”) releases production results for the third quarter 2013 (“3Q13”) at its Aurizona Gold Mine.
Production for 3Q13 was 21,000 ounces of gold.
der nächste kandidat mit guten q3 zahlen
Halifax, Nova Scotia
October 8 2013
Brigus Gold Corp. (“Brigus” or the “Company”) (NYSE MKT: BRD; TSX: BRD)reports Q3 2013 production results from the Company’s Black Fox Mine.
Q3 Production Highlights
Record quarterly production of 27,174 ounces of gold, 76,799 ounces of gold year to date
•
Sold 28,344 ounces of gold, 78,652 ounces of gold year to date
•
Average grade of 4.34 gpt and average recovery of 94%
•
Record throughput of 2,256 tonnes per day milled, 207,559 tonnes milled for the quarter
•
Average realized gold price of $1,330 (Excludes the impact of sales under the Goldstream agreement)
Halifax, Nova Scotia
October 8 2013
Brigus Gold Corp. (“Brigus” or the “Company”) (NYSE MKT: BRD; TSX: BRD)reports Q3 2013 production results from the Company’s Black Fox Mine.
Q3 Production Highlights
Record quarterly production of 27,174 ounces of gold, 76,799 ounces of gold year to date
•
Sold 28,344 ounces of gold, 78,652 ounces of gold year to date
•
Average grade of 4.34 gpt and average recovery of 94%
•
Record throughput of 2,256 tonnes per day milled, 207,559 tonnes milled for the quarter
•
Average realized gold price of $1,330 (Excludes the impact of sales under the Goldstream agreement)
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Aurcana Corp. AUN-X 1.83 -80.28
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Detour Gold DGC-T 8.38 -70.77
Sandstorm Metals & Energy SND-X 1.46 -68.60
Atac Resources Ltd ATC-X 0.81 -67.73
Kaminak Gold KAM-X 0.78 -65.94
Pinecrest Energy PRY-X 0.58 -65.88
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Aurcana Corp. AUN-X 1.83 -80.28
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Sandstorm Metals & Energy SND-X 1.46 -68.60
Atac Resources Ltd ATC-X 0.81 -67.73
Kaminak Gold KAM-X 0.78 -65.94
Pinecrest Energy PRY-X 0.58 -65.88
Chesapeake Gold CKG-X 3.25 -65.43
Newstrike Capital NES-X 0.84 -64.71
Sandstorm Gold Ltd. SSL-T 5.14 -64.18
Antwort auf Beitrag Nr.: 45.754.229 von MONSIEURCB am 04.11.13 12:26:32falls die zahlen einigermassen stimmen müsste sand ja am mittwoch nen ordentlichen sprung machen...dennoch hängt derzeit einfach alles am goldpreis.
Sandstorm Gold Announces Record Gold Sales in Third Quarter 2013
Vancouver, British Columbia | November 5, 2013
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) has released its unaudited results for the third quarter ended September 30, 2013 (all figures in U.S. dollars).
Third Quarter Highlights
Record Gold sales of 9,570 ounces (excluding Premier Royalty’s attributable ounces).
Revenue of $15.4 million.
Average cash cost per ounce1 of $430 resulting in cash operating margins1 of $894 per ounce.
Operating cash flow of $8.6 million.
Acquired all of the outstanding common shares of Premier Royalty Inc. (“Premier Royalty”).
Completed a $10 million loan to Luna Gold Corp. (“Luna”) in accordance with the previously announced commitment to issue a non-revolving loan facility to Luna.
Amended the previously announced gold stream with Mutiny Gold Ltd. to a 2.6% gold stream on the Deflector mine.
Net loss of $2.0 million primarily due to a non-cash impairment charge of $3.2 million related to the conversion of the Bracemac-McLeod gold stream into a 0.6% net smelter return royalty, and an approximately $1.5 million increase in expenses arising from the Premier Royalty business combination.
Sandstorm President & CEO Nolan Watson commented, “We are encouraged by the record gold sales and strong operating cash flow during the quarter. Over the next twelve months we anticipate that our assets will continue to ramp up production, while our general and administrative expenses are expected to decrease materially due to cost cutting and other reductions which have been made subsequent to quarter end. Having over $90 million in cash on our balance sheet enables us to actively pursue new streams and royalties, with the focus on increasing the Company’s per share value.”
On October 4, 2013, Sandstorm closed its previously announced arrangement agreement whereby the Company acquired all the outstanding common shares of Premier Royalty. As part of a general and administrative cost reduction plan, a number of the management team and employees of Premier Royalty were released, resulting in one-time costs that will be recognized during the fourth quarter of 2013.
Outlook
Based on the Company’s existing gold streams and excluding any attributable production relating to Premier Royalty, forecasted 2013 attributable production is between 33,000 and 37,000 gold equivalent ounces, increasing to approximately 60,000 gold equivalent ounces per annum by 2016. This growth is driven by the Company’s portfolio of gold streams with mines, almost all of which are either currently producing or expected to commence production by 2015.
Webcast and Conference Call Details
A conference call will be held on Wednesday, November 6, 2013 starting at 9:30am PST to further discuss the third quarter results. To participate in the conference call use the dial-in numbers below. It is recommended that participants dial in five minutes prior to the commencement of the conference call. To access an audio webcast of the conference call, click here. The webcast will also be available on the Sandstorm website.
Local/International: 647-788-4916
North American Toll-Free: 877-214-4966
Vancouver, British Columbia | November 5, 2013
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) has released its unaudited results for the third quarter ended September 30, 2013 (all figures in U.S. dollars).
Third Quarter Highlights
Record Gold sales of 9,570 ounces (excluding Premier Royalty’s attributable ounces).
Revenue of $15.4 million.
Average cash cost per ounce1 of $430 resulting in cash operating margins1 of $894 per ounce.
Operating cash flow of $8.6 million.
Acquired all of the outstanding common shares of Premier Royalty Inc. (“Premier Royalty”).
Completed a $10 million loan to Luna Gold Corp. (“Luna”) in accordance with the previously announced commitment to issue a non-revolving loan facility to Luna.
Amended the previously announced gold stream with Mutiny Gold Ltd. to a 2.6% gold stream on the Deflector mine.
Net loss of $2.0 million primarily due to a non-cash impairment charge of $3.2 million related to the conversion of the Bracemac-McLeod gold stream into a 0.6% net smelter return royalty, and an approximately $1.5 million increase in expenses arising from the Premier Royalty business combination.
Sandstorm President & CEO Nolan Watson commented, “We are encouraged by the record gold sales and strong operating cash flow during the quarter. Over the next twelve months we anticipate that our assets will continue to ramp up production, while our general and administrative expenses are expected to decrease materially due to cost cutting and other reductions which have been made subsequent to quarter end. Having over $90 million in cash on our balance sheet enables us to actively pursue new streams and royalties, with the focus on increasing the Company’s per share value.”
On October 4, 2013, Sandstorm closed its previously announced arrangement agreement whereby the Company acquired all the outstanding common shares of Premier Royalty. As part of a general and administrative cost reduction plan, a number of the management team and employees of Premier Royalty were released, resulting in one-time costs that will be recognized during the fourth quarter of 2013.
Outlook
Based on the Company’s existing gold streams and excluding any attributable production relating to Premier Royalty, forecasted 2013 attributable production is between 33,000 and 37,000 gold equivalent ounces, increasing to approximately 60,000 gold equivalent ounces per annum by 2016. This growth is driven by the Company’s portfolio of gold streams with mines, almost all of which are either currently producing or expected to commence production by 2015.
Webcast and Conference Call Details
A conference call will be held on Wednesday, November 6, 2013 starting at 9:30am PST to further discuss the third quarter results. To participate in the conference call use the dial-in numbers below. It is recommended that participants dial in five minutes prior to the commencement of the conference call. To access an audio webcast of the conference call, click here. The webcast will also be available on the Sandstorm website.
Local/International: 647-788-4916
North American Toll-Free: 877-214-4966
beide sandstorms bekommen es heute durch colossus ordentlich besorgt...das wars wohl für diese mine und weitere 75 mio wurden versenkt
...und wieder mal Gedanken zum aktueleln Ausblick:
http://seekingalpha.com/article/1885831-sandstorm-gold-does-…
http://seekingalpha.com/article/1885831-sandstorm-gold-does-…
brigus gold wird von primero übernommen. damit ist die blacj fox und das andere projekt grey fox in stärkeren händen...sicherlich sehr gut für unseren stream
Colossus hat sich heute wohl endgültig als Betrug herausgestellt. Die haben 300mio für ein 200000oz deposit eingesammelt...Klasse griff ins Klo von Nolan und Konsorten, soviel zum dd!
Sandstorm Gold Ltd. : Sandstorm Gold Announces Temporary Suspension of Mine Operations at Aurizona
01/13/2014
VANCOUVER, Jan. 13, 2014 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm") (NYSE MKT: SAND, TSX: SSL) announces that Luna Gold Corp. ("Luna") has temporary halted operations at the Aurizona Gold Mine in Maranhao, Brazil ("Aurizona").
Access to Aurizona has been constrained as community members demonstrate against the local government concerning the progress of government-sponsored infrastructure projects. In order to ensure the safety of the Aurizona workforce and to protect their assets, Luna has decided to temporarily suspend mine operations until this situation is resolved and deemed safe for employees to resume work.
Luna is optimistic that an agreement will be reached soon and the mine will recommence normal operations.
01/13/2014
VANCOUVER, Jan. 13, 2014 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm") (NYSE MKT: SAND, TSX: SSL) announces that Luna Gold Corp. ("Luna") has temporary halted operations at the Aurizona Gold Mine in Maranhao, Brazil ("Aurizona").
Access to Aurizona has been constrained as community members demonstrate against the local government concerning the progress of government-sponsored infrastructure projects. In order to ensure the safety of the Aurizona workforce and to protect their assets, Luna has decided to temporarily suspend mine operations until this situation is resolved and deemed safe for employees to resume work.
Luna is optimistic that an agreement will be reached soon and the mine will recommence normal operations.
Sandstorm Gold Announces Colossus Restructuring
VANCOUVER, Jan. 14, 2014 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm Gold" or "Sandstorm") (NYSE MKT: SAND) (TSX: SSL) announces that Colossus Minerals Inc. ("Colossus") has approved a proposal received from Sandstorm and a group of holders of Colossus Convertible Gold Linked Notes (the "Gold Linked Notes"). The terms of the proposal provide for a restructuring of Colossus' capital structure through the conversion of its Gold Linked Notes and its precious metals purchase agreements with Sandstorm into equity (the "Restructuring"). Colossus has filed a notice of intention to make a proposal under the Bankruptcy and Insolvency Act (Canada), which is intended to enable Colossus to pursue the Restructuring and a sale process with the benefit of creditor protection and under Court-supervision.
As part of the Restructuring, Sandstorm has agreed to cancel its gold and platinum purchase agreements (previously announced on September 19, 2012), in exchange for a 1.6% net smelter returns royalty ("NSR") and common shares of Colossus. If the Restructuring is completed, Sandstorm expects to own approximately 31% of the outstanding common shares of Colossus.
Sandstorm Metals & Energy Ltd. ("Sandstorm Metals"), via a back-to-back agreement with Sandstorm Gold, held a palladium purchase agreement (the "Palladium Stream") with Colossus and has agreed to cancel the Palladium Stream in exchange for a 0.4% NSR and approximately 8% of the outstanding common shares of Colossus.
For more details on the Colossus Restructuring, please visit www.colossusminerals.com.
VANCOUVER, Jan. 14, 2014 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm Gold" or "Sandstorm") (NYSE MKT: SAND) (TSX: SSL) announces that Colossus Minerals Inc. ("Colossus") has approved a proposal received from Sandstorm and a group of holders of Colossus Convertible Gold Linked Notes (the "Gold Linked Notes"). The terms of the proposal provide for a restructuring of Colossus' capital structure through the conversion of its Gold Linked Notes and its precious metals purchase agreements with Sandstorm into equity (the "Restructuring"). Colossus has filed a notice of intention to make a proposal under the Bankruptcy and Insolvency Act (Canada), which is intended to enable Colossus to pursue the Restructuring and a sale process with the benefit of creditor protection and under Court-supervision.
As part of the Restructuring, Sandstorm has agreed to cancel its gold and platinum purchase agreements (previously announced on September 19, 2012), in exchange for a 1.6% net smelter returns royalty ("NSR") and common shares of Colossus. If the Restructuring is completed, Sandstorm expects to own approximately 31% of the outstanding common shares of Colossus.
Sandstorm Metals & Energy Ltd. ("Sandstorm Metals"), via a back-to-back agreement with Sandstorm Gold, held a palladium purchase agreement (the "Palladium Stream") with Colossus and has agreed to cancel the Palladium Stream in exchange for a 0.4% NSR and approximately 8% of the outstanding common shares of Colossus.
For more details on the Colossus Restructuring, please visit www.colossusminerals.com.
Sandstorm Gold Announces Recommencement of Mine Operations at Aurizona
VANCOUVER, Jan. 15, 2014 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm") (NYSE MKT: SAND) (TSX: SSL) is pleased to announce that Luna Gold Corp. ("Luna") has resumed mine operations at the Aurizona Gold Mine in Maranhao, Brazil ("Aurizona").
Production at Aurizona recommenced overnight after a resolution was reached during a meeting between the local government and the representatives of the community who were engaged in demonstrations concerning the progress of government-sponsored infrastructure projects. The demonstrations have ceased, thereby allowing normal operations to resume at Aurizona.
VANCOUVER, Jan. 15, 2014 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm") (NYSE MKT: SAND) (TSX: SSL) is pleased to announce that Luna Gold Corp. ("Luna") has resumed mine operations at the Aurizona Gold Mine in Maranhao, Brazil ("Aurizona").
Production at Aurizona recommenced overnight after a resolution was reached during a meeting between the local government and the representatives of the community who were engaged in demonstrations concerning the progress of government-sponsored infrastructure projects. The demonstrations have ceased, thereby allowing normal operations to resume at Aurizona.
Heute fast 10% plus.
Ich habe Colossus nie verfolgt.
Kann jemand sagen, ob Sandstorm dort gut rauskommt?
Isi
Ich habe Colossus nie verfolgt.
Kann jemand sagen, ob Sandstorm dort gut rauskommt?
Isi
die kommen dort beschissen raus aber eben jetzt auch mit mehr als nichts. eingepreist nach dem newsrelease wurde hier der vollständige verlust.
und der anstieg der letzten tage geht größtenteils auf die kaufempfehlung von stansberry research zurück, dem wohl größten bezahlbörsenbriefchen der welt.
es ist nichts fundamentales passiert
und der anstieg der letzten tage geht größtenteils auf die kaufempfehlung von stansberry research zurück, dem wohl größten bezahlbörsenbriefchen der welt.
es ist nichts fundamentales passiert
Aber es WIRD fundamental einiges passieren:
http://seekingalpha.com/article/1989971-will-sandstorm-gold-…
.. vor allem die letzten Absätze sind interessant ...
http://seekingalpha.com/article/1989971-will-sandstorm-gold-…
.. vor allem die letzten Absätze sind interessant ...
50% Increase in Price Target
by RBC. Up from $6.00 to $9.00. GLTA
Company Profile
Sandstorm Gold is a streaming/royalty company with a portfolio of precious metal streams and
royalties. The company has built its existing portfolio through the acquisition of streams on smaller
scale projects, opportunities which tend to be overlooked by its larger streaming/royalty peers.
Sandstorm Gold's shares are listed on the Toronto Stock Exchange and NYSE MKT under the symbols
"SSL" and "SAND," respectively.
Investment Rationale
Niche player in the streaming space: By focusing on smaller opportunities typically overlooked by its
larger peers, Sandstorm has been able to create long-term value for investors through accretive
acquisitions.In the midst of a key growth phase: With a number of new streams/royalties expected to
come into production over the next few years as well as likely expansions at existing streams,
Sandstorm offers strong growth potential with a three-year CAGR of 13% between 2013E and
2016E.Protected from inflationary pressures: Unlike its producing peers, the streaming/royalty model
provides Sandstorm with a greater certainty on operating and capital costs. This in turn provides
greater dollar-for-dollar leverage than the company's producing peers.Well positioned to pursue
accretive growth: With a well funded balance sheet and an un-drawn credit facility of $100 million, we
believe Sandstorm is well positioned to pursue accretive growth opportunities within the current market
place, albeit at a measured pace.Potential Catalysts and Share Price DriversArizona expansion:
Although Luna Gold is currently expanding its Arizona mine, we believe ongoing exploration success
could warrant a further expansion.Accretive acquisitions: If Sandstorm can make accretive acquisitions,
we believe the company's share price should benefit from underlying value creation and a potential rerating
toward its larger peers.Exploration: Exploration success at the assets underlying the company's
streams could lead to mine-life extensions or expanded operations at no additional cost to
Sandstorm.Risks to ValuationGold price weakness: In our view, the greatest threat to Sandstorm's
share price performance would be a decline in the gold price, considering its high trading leverage and
risk to operations underlying its streams.Operational risk: Despite having a diversified portfolio, any
challenges at the operations/projects underlying its streams could adversely impact the company's
earnings, cash flow, and share price.Financial back-stop to Sandstorm Metals & Energy: We believe
further use of Sandstorm to back-stop streaming deals for Sandstorm Metals & Energy could weigh on
investor sentiment.
Valuation
We value Sandstorm on a hybrid (50/50) P/NAV and P/CF methodology. Applying a 1.5x multiple to our
NAVPS and a 25x multiple to the company's 12-month CFPS, we derive our C$9 price target. The
multiples used to value Sandstorm are at significant premium to its Tier II and III producing peers but at
a discount to its larger royalty/streaming peers. The discount relative to its royalty/streaming peers
represents a higher degree of operational risk at the mines which underlie the company's streams as
well as higher all-in sustaining costs. The premium relative to its producing peers represents the
company's fixed and low cost structure, lack of ongoing capital requirements, strong balance sheet and
underlying free cash flow potential.
Price Target Impediments
Impediments to our price target include fluctuations in the price of gold, as well as operational and/or
geopolitical challenges at the operations underlying the company's precious metal streams.
Read more at http://www.stockhouse.com/companies/bullboard/v.ssl/sandstor…
by RBC. Up from $6.00 to $9.00. GLTA
Company Profile
Sandstorm Gold is a streaming/royalty company with a portfolio of precious metal streams and
royalties. The company has built its existing portfolio through the acquisition of streams on smaller
scale projects, opportunities which tend to be overlooked by its larger streaming/royalty peers.
Sandstorm Gold's shares are listed on the Toronto Stock Exchange and NYSE MKT under the symbols
"SSL" and "SAND," respectively.
Investment Rationale
Niche player in the streaming space: By focusing on smaller opportunities typically overlooked by its
larger peers, Sandstorm has been able to create long-term value for investors through accretive
acquisitions.In the midst of a key growth phase: With a number of new streams/royalties expected to
come into production over the next few years as well as likely expansions at existing streams,
Sandstorm offers strong growth potential with a three-year CAGR of 13% between 2013E and
2016E.Protected from inflationary pressures: Unlike its producing peers, the streaming/royalty model
provides Sandstorm with a greater certainty on operating and capital costs. This in turn provides
greater dollar-for-dollar leverage than the company's producing peers.Well positioned to pursue
accretive growth: With a well funded balance sheet and an un-drawn credit facility of $100 million, we
believe Sandstorm is well positioned to pursue accretive growth opportunities within the current market
place, albeit at a measured pace.Potential Catalysts and Share Price DriversArizona expansion:
Although Luna Gold is currently expanding its Arizona mine, we believe ongoing exploration success
could warrant a further expansion.Accretive acquisitions: If Sandstorm can make accretive acquisitions,
we believe the company's share price should benefit from underlying value creation and a potential rerating
toward its larger peers.Exploration: Exploration success at the assets underlying the company's
streams could lead to mine-life extensions or expanded operations at no additional cost to
Sandstorm.Risks to ValuationGold price weakness: In our view, the greatest threat to Sandstorm's
share price performance would be a decline in the gold price, considering its high trading leverage and
risk to operations underlying its streams.Operational risk: Despite having a diversified portfolio, any
challenges at the operations/projects underlying its streams could adversely impact the company's
earnings, cash flow, and share price.Financial back-stop to Sandstorm Metals & Energy: We believe
further use of Sandstorm to back-stop streaming deals for Sandstorm Metals & Energy could weigh on
investor sentiment.
Valuation
We value Sandstorm on a hybrid (50/50) P/NAV and P/CF methodology. Applying a 1.5x multiple to our
NAVPS and a 25x multiple to the company's 12-month CFPS, we derive our C$9 price target. The
multiples used to value Sandstorm are at significant premium to its Tier II and III producing peers but at
a discount to its larger royalty/streaming peers. The discount relative to its royalty/streaming peers
represents a higher degree of operational risk at the mines which underlie the company's streams as
well as higher all-in sustaining costs. The premium relative to its producing peers represents the
company's fixed and low cost structure, lack of ongoing capital requirements, strong balance sheet and
underlying free cash flow potential.
Price Target Impediments
Impediments to our price target include fluctuations in the price of gold, as well as operational and/or
geopolitical challenges at the operations underlying the company's precious metal streams.
Read more at http://www.stockhouse.com/companies/bullboard/v.ssl/sandstor…
Sandstorm Gold Exercises Underground Mine Option at Santa Elena
VANCOUVER, Feb. 25, 2014 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) is pleased to announce that the Company has exercised its underground mine option ("Underground Option") with SilverCrest Mines Inc. ("SilverCrest"). The Underground Option allows Sandstorm to purchase 20% of the gold produced from underground at SilverCrest's Santa Elena Mine in Sonora, Mexico ("Santa Elena"). For consideration, Sandstorm will make a US$10 million payment to SilverCrest and will continue to make ongoing per ounce payments equal to US$350 until 50,000 ounces of gold have been delivered to Sandstorm (inclusive of ounces already received from open-pit production), at which time the ongoing per ounce payments will increase to US$450.
Sandstorm's CEO Nolan Watson commented, "The Santa Elena stream has generated significant value for Sandstorm shareholders and we are glad to continue our involvement in the project for the life of the underground operation."
Santa Elena Development Update
The construction of a 3,000 tonne per day mill at Santa Elena is nearing completion and SilverCrest is expecting to commission the plant during the second quarter of 2014. The initial mill feed will be from open-pit operations, transitioning to an underground and heap leach pad ore mix in the third quarter of 2014.
Recent delineation drilling was completed underground at Santa Elena to better define underground resources and verify widths and grades for the planned production stopes to be mined. The results of 1,590 metres of drilling confirmed high-grade mineralization, with 21 holes averaging 8 metres in thickness at 2.08 grams per tonne (gpt) gold and 130.5 gpt silver. The most significant assay results from this underground drilling program are shown in the table below and interval widths are considered near-true thickness. As Santa Elena progresses into an underground operation further delineation drilling will be completed to continue to verify production stope reserves.
HOLE ID FROM (M) TO (M) INTERVAL (M) AU GPT AG GPT
SEUG-13-01 49.1 52.4 3.3 4.76 100.9
includes 49.1 50.4 1.3 8.67 107
SEUG-13-02 56 63.9 7.9 2.21 165.5
includes 56.9 60 3.1 2.83 341.5
SEUG-13-03 76.9 90.3 13.4 2.23 138.8
includes 78.4 84.9 6.5 3.6 212.9
SEUG-13-04 93.7 108.9 15.2 2.91 131.7
includes 103.5 106.1 2.5 10.83 306.6
SEUG-13-05 63.5 70.5 7 2.86 148.1
includes 66.5 67.5 1 4.99 195
SEUG-13-06 62 67.9 5.9 1.92 110.9
SEUG-13-07 78.4 90 11.6 5.83 232.5
includes 81 85.5 4.5 12.2 407.4
includes 83.2 84.3 1.2 21.7 572
SEUG-13-08 39.2 47.5 8.3 2.37 95
includes 40.3 41.4 1 1.84 326
includes 45 46.4 1.4 6.7 140
SEUG-13-09 42.3 53.6 11.3 1.45 102
includes 45.7 47.2 1.5 0.91 337
SEUG-13-10 51.3 53 1.7 0.12 33.5
SEUG-13-11 49.2 66.5 17.3 1.51 125.3
includes 54.1 55.6 1.5 0.52 560
SEUG-13-13 38 43.1 5.1 0.97 70.9
SEUG-13-14 51 60 9 1.61 165.7
includes 52.8 56 3.3 1.97 334.2
SEUG-13-15 42.8 53.1 10.3 1.84 136.5
includes 48 49.7 1.7 1.61 447
SEUG-13-16 36.2 41.6 5.4 1.23 60.9
SEUG-13-17 56.9 62.4 5.5 0.35 26.4
SEUG-13-18 58.7 64.9 6.2 2.2 434.8
includes 62.6 63.7 1.2 6.44 1450
SEUG-13-19 59.7 63 3.3 0.34 24.4
SEUG-13-20 36.6 42.9 6.3 0.66 48.6
SEUG-13-21 40.9 51 10.1 1.2 89.1
includes 42.9 44 1.1 3.56 98
SEUG-13-22 34.5 39.2 4.7 0.88 53.7
WEIGHTED AVG 8 2.08 130.5
Note: All numbers are weighted averages, uncut, undiluted and rounded.
The Qualified Person under NI 43-101 for this News Release is N. Eric Fier, CPG, P.Eng, President and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.
VANCOUVER, Feb. 25, 2014 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) is pleased to announce that the Company has exercised its underground mine option ("Underground Option") with SilverCrest Mines Inc. ("SilverCrest"). The Underground Option allows Sandstorm to purchase 20% of the gold produced from underground at SilverCrest's Santa Elena Mine in Sonora, Mexico ("Santa Elena"). For consideration, Sandstorm will make a US$10 million payment to SilverCrest and will continue to make ongoing per ounce payments equal to US$350 until 50,000 ounces of gold have been delivered to Sandstorm (inclusive of ounces already received from open-pit production), at which time the ongoing per ounce payments will increase to US$450.
Sandstorm's CEO Nolan Watson commented, "The Santa Elena stream has generated significant value for Sandstorm shareholders and we are glad to continue our involvement in the project for the life of the underground operation."
Santa Elena Development Update
The construction of a 3,000 tonne per day mill at Santa Elena is nearing completion and SilverCrest is expecting to commission the plant during the second quarter of 2014. The initial mill feed will be from open-pit operations, transitioning to an underground and heap leach pad ore mix in the third quarter of 2014.
Recent delineation drilling was completed underground at Santa Elena to better define underground resources and verify widths and grades for the planned production stopes to be mined. The results of 1,590 metres of drilling confirmed high-grade mineralization, with 21 holes averaging 8 metres in thickness at 2.08 grams per tonne (gpt) gold and 130.5 gpt silver. The most significant assay results from this underground drilling program are shown in the table below and interval widths are considered near-true thickness. As Santa Elena progresses into an underground operation further delineation drilling will be completed to continue to verify production stope reserves.
HOLE ID FROM (M) TO (M) INTERVAL (M) AU GPT AG GPT
SEUG-13-01 49.1 52.4 3.3 4.76 100.9
includes 49.1 50.4 1.3 8.67 107
SEUG-13-02 56 63.9 7.9 2.21 165.5
includes 56.9 60 3.1 2.83 341.5
SEUG-13-03 76.9 90.3 13.4 2.23 138.8
includes 78.4 84.9 6.5 3.6 212.9
SEUG-13-04 93.7 108.9 15.2 2.91 131.7
includes 103.5 106.1 2.5 10.83 306.6
SEUG-13-05 63.5 70.5 7 2.86 148.1
includes 66.5 67.5 1 4.99 195
SEUG-13-06 62 67.9 5.9 1.92 110.9
SEUG-13-07 78.4 90 11.6 5.83 232.5
includes 81 85.5 4.5 12.2 407.4
includes 83.2 84.3 1.2 21.7 572
SEUG-13-08 39.2 47.5 8.3 2.37 95
includes 40.3 41.4 1 1.84 326
includes 45 46.4 1.4 6.7 140
SEUG-13-09 42.3 53.6 11.3 1.45 102
includes 45.7 47.2 1.5 0.91 337
SEUG-13-10 51.3 53 1.7 0.12 33.5
SEUG-13-11 49.2 66.5 17.3 1.51 125.3
includes 54.1 55.6 1.5 0.52 560
SEUG-13-13 38 43.1 5.1 0.97 70.9
SEUG-13-14 51 60 9 1.61 165.7
includes 52.8 56 3.3 1.97 334.2
SEUG-13-15 42.8 53.1 10.3 1.84 136.5
includes 48 49.7 1.7 1.61 447
SEUG-13-16 36.2 41.6 5.4 1.23 60.9
SEUG-13-17 56.9 62.4 5.5 0.35 26.4
SEUG-13-18 58.7 64.9 6.2 2.2 434.8
includes 62.6 63.7 1.2 6.44 1450
SEUG-13-19 59.7 63 3.3 0.34 24.4
SEUG-13-20 36.6 42.9 6.3 0.66 48.6
SEUG-13-21 40.9 51 10.1 1.2 89.1
includes 42.9 44 1.1 3.56 98
SEUG-13-22 34.5 39.2 4.7 0.88 53.7
WEIGHTED AVG 8 2.08 130.5
Note: All numbers are weighted averages, uncut, undiluted and rounded.
The Qualified Person under NI 43-101 for this News Release is N. Eric Fier, CPG, P.Eng, President and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.
Sandstorm Looking To Invest $350m
BMO Metals & Mining 2014
Sandstorm Gold CEO Nolan Watson sits with Kitco News to talk about the company's plans for 2014. Tune in to our continuous coverage of BMO's Global Metals and Mining Conference in Hollywood, Florida. Kitco News, February 25, 2014.
http://www.kitco.com/news/video/show/BMO-Metals--Mining-2014…
klingt ja alles sehr positiv...heute treffen sich noch die creditors von collossus. mal schauen was dabei rauskommt.
ich denke ja mal nichts gutes deshalb heute auch die strategische silvercrest news. die option hätte auch an jedem anderen tag gezogen werden können. die option hatte ja schließlich sandstorm und nicht silvercrest
BMO Metals & Mining 2014
Sandstorm Gold CEO Nolan Watson sits with Kitco News to talk about the company's plans for 2014. Tune in to our continuous coverage of BMO's Global Metals and Mining Conference in Hollywood, Florida. Kitco News, February 25, 2014.
http://www.kitco.com/news/video/show/BMO-Metals--Mining-2014…
klingt ja alles sehr positiv...heute treffen sich noch die creditors von collossus. mal schauen was dabei rauskommt.
ich denke ja mal nichts gutes deshalb heute auch die strategische silvercrest news. die option hätte auch an jedem anderen tag gezogen werden können. die option hatte ja schließlich sandstorm und nicht silvercrest
Colossus Minerals Inc. Announces Creditor Approval of Proposal
TORONTO, ONTARIO, Feb 25, 2014 (Marketwired via COMTEX) -- Colossus Minerals Inc. ("Colossus" or the "Company") is pleased to announce that the resolution (the "Resolution") approving the Company's amended proposal (the "Proposal") pursuant to the Bankruptcy and Insolvency Act (Canada) (the "BIA") was approved by the requisite majority of creditors at the meeting of creditors held today.
Pursuant to the requirements of the BIA and the proposal trustee, Duff & Phelps Canada Restructuring Inc. (the "Proposal Trustee"), the Colossus intends to seek an order from the Ontario Superior Court of Justice (Commercial List) approving the Proposal (the "Order") at a hearing to take place on March 13, 2014. Implementation of the Proposal is subject to receipt of the Order and to satisfaction or waiver of certain other conditions precedent set forth in the Proposal.
Assuming satisfaction or waiver of the conditions within the expected time frames, the Company anticipates implementing the Proposal in March 2014.
All inquiries regarding the Proposal and BIA proceeding should be directed to the Proposal Trustee (Noah Goldstein, 416-932-6207). A copy of the Proposal, as approved, will be available on the website of the Proposal Trustee at http://www.duffandphelps.com/intl/en-ca/Pages/RestructuringC… .
TORONTO, ONTARIO, Feb 25, 2014 (Marketwired via COMTEX) -- Colossus Minerals Inc. ("Colossus" or the "Company") is pleased to announce that the resolution (the "Resolution") approving the Company's amended proposal (the "Proposal") pursuant to the Bankruptcy and Insolvency Act (Canada) (the "BIA") was approved by the requisite majority of creditors at the meeting of creditors held today.
Pursuant to the requirements of the BIA and the proposal trustee, Duff & Phelps Canada Restructuring Inc. (the "Proposal Trustee"), the Colossus intends to seek an order from the Ontario Superior Court of Justice (Commercial List) approving the Proposal (the "Order") at a hearing to take place on March 13, 2014. Implementation of the Proposal is subject to receipt of the Order and to satisfaction or waiver of certain other conditions precedent set forth in the Proposal.
Assuming satisfaction or waiver of the conditions within the expected time frames, the Company anticipates implementing the Proposal in March 2014.
All inquiries regarding the Proposal and BIA proceeding should be directed to the Proposal Trustee (Noah Goldstein, 416-932-6207). A copy of the Proposal, as approved, will be available on the website of the Proposal Trustee at http://www.duffandphelps.com/intl/en-ca/Pages/RestructuringC… .
Sandstorm Gold to Release Fourth Quarter and Annual Results on March 11
VANCOUVER, March 6, 2014 /CNW/ - Sandstorm Gold Ltd. (NYSE MKT: SAND, TSX: SSL) will release its 2013 fourth quarter and annual results on Tuesday, March 11, 2014, before market open.
A conference call will be held on Tuesday, March 11, 2014 starting at 8:30am PST to further discuss the fourth quarter and annual results. To participate in the conference call, use the following dial-in numbers:
Local/International: 647-788-4916
North American Toll-Free: 877-214-4966
It is recommended that participants dial in five minutes prior to the commencement of the conference call. Click here to access an audio webcast of the conference call which will also be available on the Sandstorm website.
VANCOUVER, March 6, 2014 /CNW/ - Sandstorm Gold Ltd. (NYSE MKT: SAND, TSX: SSL) will release its 2013 fourth quarter and annual results on Tuesday, March 11, 2014, before market open.
A conference call will be held on Tuesday, March 11, 2014 starting at 8:30am PST to further discuss the fourth quarter and annual results. To participate in the conference call, use the following dial-in numbers:
Local/International: 647-788-4916
North American Toll-Free: 877-214-4966
It is recommended that participants dial in five minutes prior to the commencement of the conference call. Click here to access an audio webcast of the conference call which will also be available on the Sandstorm website.
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Sandstorm Gold Announces Record Gold Sales and Revenue in Fourth Quarter 2013
Vancouver, British Columbia | March 11, 2014
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) has released its unaudited results for the fourth quarter and year ended December 31, 2013 (all figures in U.S. dollars).
Fourth Quarter Highlights (3 Months)
Record gold sales of 10,523 ounces, excluding Premier Royalty Inc.’s (“Premier Royalty”) attributable ounces.
Record revenue of $15.8 million.
Average cash cost per ounce1 of $407 resulting in cash operating margins1 of $863 per ounce.
Operating cash flow of $8.1 million.
Net loss of $39.9 million primarily due to a non-cash impairment charge of $52.2 million relating to the Serra Pelada Gold Stream.
2013 Highlights (12 Months)
Record gold sales of 36,146 ounces, excluding Premier Royalty’s attributable ounces.
Record revenue of $59.8 million.
Operating cash flow of $32.2 million.
Average cash cost per ounce1 of $420 resulting in cash operating margins1 of $981.
Net loss of $74.6 million.
Acquired all of the outstanding common shares of Premier Royalty.
Completed a $10 million loan to Luna Gold Corp. (“Luna”) in accordance with a previously announced commitment to issue a non-revolving loan facility to Luna.
Acquired a 1.0% net smelter returns royalty (“NSR”) on the Paul Isnard gold project located in French Guiana and owned by Columbus Gold Corporation.
Acquired a 1.2% precious metal NSR on the Prairie Creek project located in the Northwest Territories, Canada from Canadian Zinc Corporation.
Amended the previously announced gold stream with Mutiny Gold Ltd. to a 2.6% gold stream on the Deflector mine.
Entered into a streaming agreement with Entrée Gold Inc. to purchase 25.7% and 33.8% of Entrée’s 20% share of the gold and silver produced from the Heruga and Hugo North Extension deposits in Mongolia.
Sandstorm President & CEO Nolan Watson commented, “Amidst a challenging gold price environment in 2013, our streaming partners demonstrated the economic strength of their mining operations as the average all-in cost of the mines underlying our four key streams was close to $1,000 per ounce by the end of the year.” Watson added, “Our focus is building shareholder value by growing and diversifying our production base and cash flow through the acquisition of streams and royalties.”
Outlook
Based on the existing gold streams and including attributable production relating to the Company’s NSRs, forecasted 2014 attributable production is between 40,000 to 50,000 gold equivalent ounces, increasing to approximately 60,000 of gold equivalent ounces per annum by 2016. This growth is largely driven by the Company’s portfolio of gold streams with mines, most of which are either currently producing or expected to commence production by 2015.
Webcast and Conference Call Details
A conference call will be held on Tuesday, March 11, 2014 starting at 8:30am PDT to further discuss the fourth quarter and annual results. To participate in the conference call use the dial-in numbers below. It is recommended that participants dial in five minutes prior to the commencement of the conference call. To access an audio webcast of the conference call, click here. The webcast will also be available on the Sandstorm website.
Local/International: 647-788-4916
North American Toll-Free: 877-214-4966
Print Page
PDF Link
Sandstorm Gold Announces Record Gold Sales and Revenue in Fourth Quarter 2013
Vancouver, British Columbia | March 11, 2014
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) has released its unaudited results for the fourth quarter and year ended December 31, 2013 (all figures in U.S. dollars).
Fourth Quarter Highlights (3 Months)
Record gold sales of 10,523 ounces, excluding Premier Royalty Inc.’s (“Premier Royalty”) attributable ounces.
Record revenue of $15.8 million.
Average cash cost per ounce1 of $407 resulting in cash operating margins1 of $863 per ounce.
Operating cash flow of $8.1 million.
Net loss of $39.9 million primarily due to a non-cash impairment charge of $52.2 million relating to the Serra Pelada Gold Stream.
2013 Highlights (12 Months)
Record gold sales of 36,146 ounces, excluding Premier Royalty’s attributable ounces.
Record revenue of $59.8 million.
Operating cash flow of $32.2 million.
Average cash cost per ounce1 of $420 resulting in cash operating margins1 of $981.
Net loss of $74.6 million.
Acquired all of the outstanding common shares of Premier Royalty.
Completed a $10 million loan to Luna Gold Corp. (“Luna”) in accordance with a previously announced commitment to issue a non-revolving loan facility to Luna.
Acquired a 1.0% net smelter returns royalty (“NSR”) on the Paul Isnard gold project located in French Guiana and owned by Columbus Gold Corporation.
Acquired a 1.2% precious metal NSR on the Prairie Creek project located in the Northwest Territories, Canada from Canadian Zinc Corporation.
Amended the previously announced gold stream with Mutiny Gold Ltd. to a 2.6% gold stream on the Deflector mine.
Entered into a streaming agreement with Entrée Gold Inc. to purchase 25.7% and 33.8% of Entrée’s 20% share of the gold and silver produced from the Heruga and Hugo North Extension deposits in Mongolia.
Sandstorm President & CEO Nolan Watson commented, “Amidst a challenging gold price environment in 2013, our streaming partners demonstrated the economic strength of their mining operations as the average all-in cost of the mines underlying our four key streams was close to $1,000 per ounce by the end of the year.” Watson added, “Our focus is building shareholder value by growing and diversifying our production base and cash flow through the acquisition of streams and royalties.”
Outlook
Based on the existing gold streams and including attributable production relating to the Company’s NSRs, forecasted 2014 attributable production is between 40,000 to 50,000 gold equivalent ounces, increasing to approximately 60,000 of gold equivalent ounces per annum by 2016. This growth is largely driven by the Company’s portfolio of gold streams with mines, most of which are either currently producing or expected to commence production by 2015.
Webcast and Conference Call Details
A conference call will be held on Tuesday, March 11, 2014 starting at 8:30am PDT to further discuss the fourth quarter and annual results. To participate in the conference call use the dial-in numbers below. It is recommended that participants dial in five minutes prior to the commencement of the conference call. To access an audio webcast of the conference call, click here. The webcast will also be available on the Sandstorm website.
Local/International: 647-788-4916
North American Toll-Free: 877-214-4966
guter cc...nolan hat endlich mal wieder überzeugen können
netter squezze jetzt nach den zahlen und CC
sandstorm gold übernimmt wie erwartet sandstorm metals...der deal dürfte aber einigen sicherlich nicht schmecken.
Antwort auf Beitrag Nr.: 46.854.666 von KMST am 22.04.14 11:38:41Und den Kaufpreis gezielt dahin gebucht, wo die letzten wesentlichen Insiderkäufe lagen...
metals und energy ist aber mittlerweile auch sehr schlank, es steht nur noch ein äußert schmales gerüst, der rest wurde schon abgeschrieben. für die 3 royalties und den rest ist das nicht zu teuer. für metals und energy shareholder ein schuß in den ofen
guter cc...kurs konnte ebenfalls wieder etwas zurecht gebogen werden.
Interessanter Hintergrundartikel zum Merger:
http://seekingalpha.com/article/2179783-why-sandstorm-golds-…
http://seekingalpha.com/article/2179783-why-sandstorm-golds-…
PINECREST RESOURCES SIGNS LETTER OF INTENT FOR STRATEGIC ALLIANCE WITH
SANDSTORM GOLD AND INCREASES NON BROKERED PRIVATE PLACEMENT TO $3.6 MILLION
http://www.pinecrestresources.com/i/pdf/2014-07-16_NR.pdf
SANDSTORM GOLD AND INCREASES NON BROKERED PRIVATE PLACEMENT TO $3.6 MILLION
http://www.pinecrestresources.com/i/pdf/2014-07-16_NR.pdf
das ist dafür enttäuschend...
Luna Gold Announces Second Quarter Gold Production of 14,262 Ounces
VANCOUVER, BC--(Marketwired - July 16, 2014) - Luna Gold Corp. (TSX: LGC) (LMA: LGC) (OTCQX: LGCUF) ("Luna" or the "Company") announces that its gold production at the Aurizona Gold Mine for the three-month period ended June 30, 2014 (the "Second Quarter 2014") was 14,262 ounces of gold at an average grade processed of 1.14 grams per tonne.
Geoff Chater, Luna's President and CEO, stated, "Above average rainfall during the Second Quarter severely impacted the Company's ability to access ore in the pit which required processing of lower grade stockpiled ore. We have implemented a recovery plan which includes contracting additional mining equipment to increase material movement in an effort to deliver against 2014 guidance. At this time, the company production guidance of 85,000 to 95,000 ounces for 2014 is under review. The company will revisit its production guidance based on operational results when it publishes Second Quarter financial results on August 14, 2014.
Luna Gold Announces Second Quarter Gold Production of 14,262 Ounces
VANCOUVER, BC--(Marketwired - July 16, 2014) - Luna Gold Corp. (TSX: LGC) (LMA: LGC) (OTCQX: LGCUF) ("Luna" or the "Company") announces that its gold production at the Aurizona Gold Mine for the three-month period ended June 30, 2014 (the "Second Quarter 2014") was 14,262 ounces of gold at an average grade processed of 1.14 grams per tonne.
Geoff Chater, Luna's President and CEO, stated, "Above average rainfall during the Second Quarter severely impacted the Company's ability to access ore in the pit which required processing of lower grade stockpiled ore. We have implemented a recovery plan which includes contracting additional mining equipment to increase material movement in an effort to deliver against 2014 guidance. At this time, the company production guidance of 85,000 to 95,000 ounces for 2014 is under review. The company will revisit its production guidance based on operational results when it publishes Second Quarter financial results on August 14, 2014.
Sandstorm Gold Announces Term Extension to Credit Facility
Vancouver, British Columbia | July 21, 2014
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT:SAND, TSX:SSL) is pleased to announce that it has amended its revolving credit agreement (the “Revolving Loan”), extending the term to five years. The Revolving Loan allows the Company to borrow up to US$100 million, for acquisition purposes, from a syndicate of banks including The Bank of Nova Scotia, Bank of Montreal and National Bank of Canada.
The Revolving Loan is subject to the same interest and standby fees as the Company’s previous revolving credit agreement announced on January 12, 2012.
Vancouver, British Columbia | July 21, 2014
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT:SAND, TSX:SSL) is pleased to announce that it has amended its revolving credit agreement (the “Revolving Loan”), extending the term to five years. The Revolving Loan allows the Company to borrow up to US$100 million, for acquisition purposes, from a syndicate of banks including The Bank of Nova Scotia, Bank of Montreal and National Bank of Canada.
The Revolving Loan is subject to the same interest and standby fees as the Company’s previous revolving credit agreement announced on January 12, 2012.
Luna and Sandstorm Enter Into Negotiations Related to Restructuring of Existing Gold Stream on the Aurizona Gold Mine in Brazil
VANCOUVER, BC--(Marketwired - August 05, 2014) - Luna Gold Corp. (TSX: LGC)(LMA: LGC)(OTCQX: LGCUF) ("Luna" or the "Company") announces a non-brokered private placement (the "Placement") of up to 30,000,000 common shares (the "Placement Shares") priced at $1.02 per share, for gross proceeds of up to $30,600,000. As part of the financing, the Company has entered into a strategic investment agreement (the "Agreement") with Sandstorm Gold Ltd. ("Sandstorm") which, upon completion, will make Sandstorm the Company's largest shareholder.
In addition, Sandstorm and Luna have commenced discussions related to the potential modification of the Aurizona gold stream. The focus of the discussions is to explore opportunities that will increase value for both Sandstorm and Luna shareholders with the goal of improving Luna's access to capital, accelerating production and cash flow to both Sandstorm and Luna and leveraging the highly prospective brownfields and greenfields exploration targets. Sandstorm currently holds a gold stream agreement to purchase 17% of the life of mine gold produced from the open-pit operations at Aurizona at a per ounce price of US$404 (increasing 1% annually). Investors are cautioned that there can be no assurances that the negotiations will lead to a restructuring of the existing streaming agreement.
Pursuant to the Agreement, Sandstorm will purchase a minimum of 19,500,000 of the Placement Shares, for gross proceeds of approximately C$19.89 million, that, when combined with the 8.5 million shares of Luna already owned by Sandstorm, would result in Sandstorm owning approximately 19.8% of the issued shares of Luna. To the extent Luna sells additional shares in the Placement, Sandstorm will also have the right to purchase up to 20% of the additional Placement Shares. Sandstorm also will have the right (so long as Sandstorm owns greater than 15% of Luna) to maintain its ownership percentage through future private placements or public offerings and to appoint one member to Luna's Board of Directors.
In connection with the transaction, David Awram, Senior Executive Vice President of Sandstorm, will be appointed to Luna's board of directors. Mr. Luis ("Lucho") Baertl will step down as Chairman of Luna's Board and will be succeeded as Chairman by Luna's current Lead Independent Director, Mr. Steven Krause. Mr. Baertl will remain a Director of Luna.
Lucho Baertl, Chairman, Luna Gold commented, "Sandstorm has continued to be a supportive stakeholder, providing capital through its initial investment, debt facilities, capital contributions and now as an equity investor. We welcome Sandstorm's equity investment in Luna, as a strong financial partner, who will continue to work with us to develop the Aurizona gold endowment to its full potential."
"Sandstorm is committed to making the Aurizona mine a success for all stakeholders, and we believe our investment is a demonstration of such intent and a sign of our confidence in the future of Luna. I would like to thank Lucho Baertl for facilitating this transaction at the Board level," said Nolan Watson, President and CEO of Sandstorm.
On closing of the initial placement with Sandstorm, Luna will have approximately $36 million in cash, $40 million in working capital and $50 million in debt and 6,800 ounces of dore. If the Placement is fully subscribed, Luna will have approximately $46 million in cash and $50 million in working capital.
No finder's fees or commissions will be paid in connection with funds provided by Sandstorm. The Company may pay cash finder's fees of up to 6% on the remaining portion of the Placement. Proceeds of the transaction will be used for expenditures related to the Aurizona mine, ongoing brownfields and greenfields exploration at and around the Aurizona mine, and for general working capital.
The Company anticipates closing the Placement in one or more tranches. Closing is conditional upon receipt of approval of the Toronto Stock Exchange. All securities issued pursuant to the Placement will be subject to a statutory hold period of four months and one day from the date of issuance.
Read more at http://www.stockhouse.com/news/press-releases/2014/08/05/lun…
VANCOUVER, BC--(Marketwired - August 05, 2014) - Luna Gold Corp. (TSX: LGC)(LMA: LGC)(OTCQX: LGCUF) ("Luna" or the "Company") announces a non-brokered private placement (the "Placement") of up to 30,000,000 common shares (the "Placement Shares") priced at $1.02 per share, for gross proceeds of up to $30,600,000. As part of the financing, the Company has entered into a strategic investment agreement (the "Agreement") with Sandstorm Gold Ltd. ("Sandstorm") which, upon completion, will make Sandstorm the Company's largest shareholder.
In addition, Sandstorm and Luna have commenced discussions related to the potential modification of the Aurizona gold stream. The focus of the discussions is to explore opportunities that will increase value for both Sandstorm and Luna shareholders with the goal of improving Luna's access to capital, accelerating production and cash flow to both Sandstorm and Luna and leveraging the highly prospective brownfields and greenfields exploration targets. Sandstorm currently holds a gold stream agreement to purchase 17% of the life of mine gold produced from the open-pit operations at Aurizona at a per ounce price of US$404 (increasing 1% annually). Investors are cautioned that there can be no assurances that the negotiations will lead to a restructuring of the existing streaming agreement.
Pursuant to the Agreement, Sandstorm will purchase a minimum of 19,500,000 of the Placement Shares, for gross proceeds of approximately C$19.89 million, that, when combined with the 8.5 million shares of Luna already owned by Sandstorm, would result in Sandstorm owning approximately 19.8% of the issued shares of Luna. To the extent Luna sells additional shares in the Placement, Sandstorm will also have the right to purchase up to 20% of the additional Placement Shares. Sandstorm also will have the right (so long as Sandstorm owns greater than 15% of Luna) to maintain its ownership percentage through future private placements or public offerings and to appoint one member to Luna's Board of Directors.
In connection with the transaction, David Awram, Senior Executive Vice President of Sandstorm, will be appointed to Luna's board of directors. Mr. Luis ("Lucho") Baertl will step down as Chairman of Luna's Board and will be succeeded as Chairman by Luna's current Lead Independent Director, Mr. Steven Krause. Mr. Baertl will remain a Director of Luna.
Lucho Baertl, Chairman, Luna Gold commented, "Sandstorm has continued to be a supportive stakeholder, providing capital through its initial investment, debt facilities, capital contributions and now as an equity investor. We welcome Sandstorm's equity investment in Luna, as a strong financial partner, who will continue to work with us to develop the Aurizona gold endowment to its full potential."
"Sandstorm is committed to making the Aurizona mine a success for all stakeholders, and we believe our investment is a demonstration of such intent and a sign of our confidence in the future of Luna. I would like to thank Lucho Baertl for facilitating this transaction at the Board level," said Nolan Watson, President and CEO of Sandstorm.
On closing of the initial placement with Sandstorm, Luna will have approximately $36 million in cash, $40 million in working capital and $50 million in debt and 6,800 ounces of dore. If the Placement is fully subscribed, Luna will have approximately $46 million in cash and $50 million in working capital.
No finder's fees or commissions will be paid in connection with funds provided by Sandstorm. The Company may pay cash finder's fees of up to 6% on the remaining portion of the Placement. Proceeds of the transaction will be used for expenditures related to the Aurizona mine, ongoing brownfields and greenfields exploration at and around the Aurizona mine, and for general working capital.
The Company anticipates closing the Placement in one or more tranches. Closing is conditional upon receipt of approval of the Toronto Stock Exchange. All securities issued pursuant to the Placement will be subject to a statutory hold period of four months and one day from the date of issuance.
Read more at http://www.stockhouse.com/news/press-releases/2014/08/05/lun…
es ist zwar wichtig den größten partner zu stützen aber das ganze sind jetzt schon über 30 mio zusätzliche dollar für luna dieses jahr ohne zusätzlichen benefit...das ist der wert eines guten zusätzlichen streams...zum kotzen!
hab heute alle shares verkauft 20% plus warens noch...mittlerweile ist das doch alles fragwürdig hier geworden. ich warte zumindest auf erklärungen beim conference call oder auf eine übertreibung nach unten
Sandstorm Gold Announces Financial Results For Q2, 2014; Reiterates 2014 Guidance
1 comment | Wed August 13, 2014 7:47 PM|PR Newswire | About: SAND
VANCOUVER, Aug. 13, 2014 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) (NYSE MKT: SAND, TSX: SSL) has released its unaudited results for the second quarter ended June 30, 2014 (all figures in U.S. dollars).
SECOND QUARTER HIGHLIGHTS
Strong balance sheet with over $110 million in cash at June 30, 2014.
Revenue of $13.2 million.
Attributable Gold Equivalent ounces sold1 of 10,149 ounces.
Average cash cost per ounce1 of $310 resulting in cash operating margins1 of $986 per ounce.
Operating cash flow of $9.4 million.
Net income of $3.0 million.
Remitted a $10 million loan to Luna Gold Corp. ("Luna") in accordance with its previously announced commitment to issue a non-revolving loan facility to Luna.
Acquired 100% of the issued and outstanding shares of Sandstorm Metals & Energy Ltd. (STTYF) ("Sandstorm Metals"), allowing Sandstorm management to focus on gold transactions going forward.
"The second quarter results demonstrated the value of diversification in our portfolio. Although a few of our streaming partners had challenging quarters and posted lower than expected production numbers, Sandstorm still recorded strong operating cash flow and earnings," said Sandstorm President & CEO, Nolan Watson. Watson added, "We are confident reiterating this year's attributable gold equivalent production guidance of 40,000 to 50,000 ounces of gold."
FINANCIAL RESULTS
Revenue and Gold Sales
Revenue was $13.2 million in the second quarter of 2014, generated from the sale of 10,149 attributable gold equivalent ounces. Revenue declined slightly compared with the comparable period in 2013, largely due to an 8% decrease in the average realized selling price of gold which was partially offset by an 8% increase in the number of attributable gold equivalent ounces sold.
Costs and Expenses
The average cash cost per attributable ounce was $310 during the period, resulting in a cash operating margin of $986 per ounce. The lower cash cost per attributable ounce decreased by 6% compared to the second quarter of 2013, due to an increase in the percentage of revenue coming from royalties as the Company continues to grow and diversify its asset base. The Company reduced administrative expenses by $1.7 million compared with the comparable period in 2013.
Earnings and Operating Cash Flow
For the three months ended June 30, 2014, net income and cash flow from operations were $3.0 million and $9.4 million, respectively, compared with a net loss and cash flow from operations of $15.2 million and $8.5 million for the comparable period in 2013. The change is attributable to a combination of factors including a $1.7 million decrease in administration expenses, a one-time gain of $2.6 million related to the acquisition of Sandstorm Metals, a number of non-recurring items and a non-cash charge of $1.2 million relating to the Company's Bracemac-McLeod royalty.
Balance Sheet
Total assets increased by $76.3 million from December 31, 2013 to June 30, 2014 primarily resulting from the assets acquired from the Sandstorm Metals business combination, operating cash flows and the exercise of warrants. The increase was partially offset by depletion expense and by a non-cash impairment charge on the Bracemac-McLeod royalty. At the end of the second quarter, the Company had $111.4 million in cash and cash equivalents and working capital of $109.4 million. In addition, the Company has $100.0 million in available capital under its undrawn revolving bank debt facility.
STREAMS AND ROYALTIES
The Company's stream and royalty segments for the three months ended June 30, 2014 are summarized in the table below:
Attributable gold equivalent ounces sold were 10,149 in the quarter, an increase of 8% from the comparable period in 2013. The increase is largely attributable to increased production from Metanor Resources Inc.'s ("Metanor") Bachelor Lake mine in Quebec, Canada ("Bachelor Lake") and Rambler Metals & Mining PLC's ("Rambler") Ming mine in Newfoundland, Canada ("Ming Mine") and partially offset by a decrease in production from Primero Mining Corp.'s ("Primero") Black Fox mine in Ontario, Canada ("Black Fox") and SilverCrest Mines Inc.'s Santa Elena Mine in Mexico ("Santa Elena").
Bachelor Lake Mine
Compared to the second quarter of 2013, an additional 940 gold ounces were sold from the Bachelor Lake Mine. The increase is primarily related to the mine reaching commercial production and the continued ramp up of operations. Metanor recently announced positive results from its underground drilling campaign at Bachelor Lake. The intention of the campaign is to increase the resources at the mine.
Ming Mine
A 64% increase in gold ounces sold from the Ming Mine was recorded compared to the second quarter of 2013. The increase was primarily related to Sandstorm's gold purchase entitlement increasing to 33% for the 2014 fiscal year (which resulted from low metallurgical recoveries obtained in 2013 triggering contract safeguards). Rambler recently released a favorable preliminary economic assessment that identifies the potential for an expansion of the Ming Mine into the lower footwall zone following additional value optimization studies and a feasibility study.
Black Fox Mine
Attributable gold equivalent ounces sold from the Black Fox Mine decreased by 24% compared to the second quarter of 2013. The decrease was primarily driven from insufficient underground development resulting in lower production during the three months ended June 30, 2014. Primero intends on making greater investments in underground development in an effort to improve mining and processing targets going forward.
Santa Elena Mine
There was a 48% decrease in gold ounces sold from Santa Elena largely related to SilverCrest transitioning, during the second quarter of 2014, from an open pit, heap leach operation to an underground mine and milling circuit. Despite the reduction in production, SilverCrest has maintained its annual guidance as it expects mine operations, during the second half of 2014, will realize higher metal recoveries and achieve full production through the mill.
Aurizona Mine
Sandstorm sold 2,334 ounces of attributable gold from Aurizona during the quarter, and although it was a slight decrease from the comparable period in 2013, it was a 42% decrease from the first quarter of 2014. The decrease was due to above average rainfall at the Aurizona mine which negatively impacted Luna's ability to access ore in the pit. As a consequence, Luna processed a higher amount of lower grade ore from the stockpile which resulted in lower gold production. Luna has revised its 2014 production guidance to a range of 75,000 to 80,000 ounces of gold.
In accordance with its previously announced commitment, the Company remitted a $20.0 million loan to Luna (whereby $10.0 million was advanced in 2013 and the remaining $10.0 million commitment was remitted in April 2014). The non-revolving loan is subject to interest at a rate of 12% per annum, subject to certain conditions, and will mature on June 30, 2017.
Subsequent to quarter end, the Company entered into a strategic investment agreement (the "Investment Agreement") with Luna, as part of which, Sandstorm participated in a Luna non-brokered private placement. Pursuant to the Investment Agreement, Sandstorm purchased 19.5 million shares of Luna, which when combined with the 8.5 million shares of Luna already owned by the Company, resulted in Sandstorm becoming the largest shareholder of Luna, owning approximately 19.8% of Luna's issued and outstanding shares. The Investment Agreement allowed Sandstorm to appoint one member to Luna's board of directors. The transaction aligns the interests of Luna and Sandstorm and allows both companies to work together in unlocking as much value as possible for their respective shareholders.
Royalties
Gold equivalent ounces sold attributable to royalties totaled 2,646 in the quarter, an increase of 35% from the comparable period in 2013. The royalty revenue was generated from 9 producing mines.
OUTLOOK
Based on the existing gold streams and royalties, attributable gold equivalent production for 2014 is forecasted to be between 40,000 to 50,000 attributable gold equivalent ounces, increasing to approximately 60,000 attributable gold equivalent ounces per annum by 2017. This growth is largely driven by the Company's portfolio of gold streams with mines, most of which are either currently producing or expected to commence production by 2015.
1 comment | Wed August 13, 2014 7:47 PM|PR Newswire | About: SAND
VANCOUVER, Aug. 13, 2014 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) (NYSE MKT: SAND, TSX: SSL) has released its unaudited results for the second quarter ended June 30, 2014 (all figures in U.S. dollars).
SECOND QUARTER HIGHLIGHTS
Strong balance sheet with over $110 million in cash at June 30, 2014.
Revenue of $13.2 million.
Attributable Gold Equivalent ounces sold1 of 10,149 ounces.
Average cash cost per ounce1 of $310 resulting in cash operating margins1 of $986 per ounce.
Operating cash flow of $9.4 million.
Net income of $3.0 million.
Remitted a $10 million loan to Luna Gold Corp. ("Luna") in accordance with its previously announced commitment to issue a non-revolving loan facility to Luna.
Acquired 100% of the issued and outstanding shares of Sandstorm Metals & Energy Ltd. (STTYF) ("Sandstorm Metals"), allowing Sandstorm management to focus on gold transactions going forward.
"The second quarter results demonstrated the value of diversification in our portfolio. Although a few of our streaming partners had challenging quarters and posted lower than expected production numbers, Sandstorm still recorded strong operating cash flow and earnings," said Sandstorm President & CEO, Nolan Watson. Watson added, "We are confident reiterating this year's attributable gold equivalent production guidance of 40,000 to 50,000 ounces of gold."
FINANCIAL RESULTS
Revenue and Gold Sales
Revenue was $13.2 million in the second quarter of 2014, generated from the sale of 10,149 attributable gold equivalent ounces. Revenue declined slightly compared with the comparable period in 2013, largely due to an 8% decrease in the average realized selling price of gold which was partially offset by an 8% increase in the number of attributable gold equivalent ounces sold.
Costs and Expenses
The average cash cost per attributable ounce was $310 during the period, resulting in a cash operating margin of $986 per ounce. The lower cash cost per attributable ounce decreased by 6% compared to the second quarter of 2013, due to an increase in the percentage of revenue coming from royalties as the Company continues to grow and diversify its asset base. The Company reduced administrative expenses by $1.7 million compared with the comparable period in 2013.
Earnings and Operating Cash Flow
For the three months ended June 30, 2014, net income and cash flow from operations were $3.0 million and $9.4 million, respectively, compared with a net loss and cash flow from operations of $15.2 million and $8.5 million for the comparable period in 2013. The change is attributable to a combination of factors including a $1.7 million decrease in administration expenses, a one-time gain of $2.6 million related to the acquisition of Sandstorm Metals, a number of non-recurring items and a non-cash charge of $1.2 million relating to the Company's Bracemac-McLeod royalty.
Balance Sheet
Total assets increased by $76.3 million from December 31, 2013 to June 30, 2014 primarily resulting from the assets acquired from the Sandstorm Metals business combination, operating cash flows and the exercise of warrants. The increase was partially offset by depletion expense and by a non-cash impairment charge on the Bracemac-McLeod royalty. At the end of the second quarter, the Company had $111.4 million in cash and cash equivalents and working capital of $109.4 million. In addition, the Company has $100.0 million in available capital under its undrawn revolving bank debt facility.
STREAMS AND ROYALTIES
The Company's stream and royalty segments for the three months ended June 30, 2014 are summarized in the table below:
Attributable gold equivalent ounces sold were 10,149 in the quarter, an increase of 8% from the comparable period in 2013. The increase is largely attributable to increased production from Metanor Resources Inc.'s ("Metanor") Bachelor Lake mine in Quebec, Canada ("Bachelor Lake") and Rambler Metals & Mining PLC's ("Rambler") Ming mine in Newfoundland, Canada ("Ming Mine") and partially offset by a decrease in production from Primero Mining Corp.'s ("Primero") Black Fox mine in Ontario, Canada ("Black Fox") and SilverCrest Mines Inc.'s Santa Elena Mine in Mexico ("Santa Elena").
Bachelor Lake Mine
Compared to the second quarter of 2013, an additional 940 gold ounces were sold from the Bachelor Lake Mine. The increase is primarily related to the mine reaching commercial production and the continued ramp up of operations. Metanor recently announced positive results from its underground drilling campaign at Bachelor Lake. The intention of the campaign is to increase the resources at the mine.
Ming Mine
A 64% increase in gold ounces sold from the Ming Mine was recorded compared to the second quarter of 2013. The increase was primarily related to Sandstorm's gold purchase entitlement increasing to 33% for the 2014 fiscal year (which resulted from low metallurgical recoveries obtained in 2013 triggering contract safeguards). Rambler recently released a favorable preliminary economic assessment that identifies the potential for an expansion of the Ming Mine into the lower footwall zone following additional value optimization studies and a feasibility study.
Black Fox Mine
Attributable gold equivalent ounces sold from the Black Fox Mine decreased by 24% compared to the second quarter of 2013. The decrease was primarily driven from insufficient underground development resulting in lower production during the three months ended June 30, 2014. Primero intends on making greater investments in underground development in an effort to improve mining and processing targets going forward.
Santa Elena Mine
There was a 48% decrease in gold ounces sold from Santa Elena largely related to SilverCrest transitioning, during the second quarter of 2014, from an open pit, heap leach operation to an underground mine and milling circuit. Despite the reduction in production, SilverCrest has maintained its annual guidance as it expects mine operations, during the second half of 2014, will realize higher metal recoveries and achieve full production through the mill.
Aurizona Mine
Sandstorm sold 2,334 ounces of attributable gold from Aurizona during the quarter, and although it was a slight decrease from the comparable period in 2013, it was a 42% decrease from the first quarter of 2014. The decrease was due to above average rainfall at the Aurizona mine which negatively impacted Luna's ability to access ore in the pit. As a consequence, Luna processed a higher amount of lower grade ore from the stockpile which resulted in lower gold production. Luna has revised its 2014 production guidance to a range of 75,000 to 80,000 ounces of gold.
In accordance with its previously announced commitment, the Company remitted a $20.0 million loan to Luna (whereby $10.0 million was advanced in 2013 and the remaining $10.0 million commitment was remitted in April 2014). The non-revolving loan is subject to interest at a rate of 12% per annum, subject to certain conditions, and will mature on June 30, 2017.
Subsequent to quarter end, the Company entered into a strategic investment agreement (the "Investment Agreement") with Luna, as part of which, Sandstorm participated in a Luna non-brokered private placement. Pursuant to the Investment Agreement, Sandstorm purchased 19.5 million shares of Luna, which when combined with the 8.5 million shares of Luna already owned by the Company, resulted in Sandstorm becoming the largest shareholder of Luna, owning approximately 19.8% of Luna's issued and outstanding shares. The Investment Agreement allowed Sandstorm to appoint one member to Luna's board of directors. The transaction aligns the interests of Luna and Sandstorm and allows both companies to work together in unlocking as much value as possible for their respective shareholders.
Royalties
Gold equivalent ounces sold attributable to royalties totaled 2,646 in the quarter, an increase of 35% from the comparable period in 2013. The royalty revenue was generated from 9 producing mines.
OUTLOOK
Based on the existing gold streams and royalties, attributable gold equivalent production for 2014 is forecasted to be between 40,000 to 50,000 attributable gold equivalent ounces, increasing to approximately 60,000 attributable gold equivalent ounces per annum by 2017. This growth is largely driven by the Company's portfolio of gold streams with mines, most of which are either currently producing or expected to commence production by 2015.
Diese Nachricht scheint hier untergegangen zu sein:
http://www.wallstreet-online.de/nachricht/6929920-schritt-ro…
Ich habe keine Sandstorm mehr und plane derzeit auch keinen Kauf. Sehe aber immer wieder gerne rein.
Isi
http://www.wallstreet-online.de/nachricht/6929920-schritt-ro…
Ich habe keine Sandstorm mehr und plane derzeit auch keinen Kauf. Sehe aber immer wieder gerne rein.
Isi
Ich habe wieder angefangen Shares zurück zukaufen. Alle Partner haben bis jetzt recht gute Zahlen vorgelegt. Es dürfte vor Ausgaben ein starkes Quartal werden. Mutiny wird jetzt auch noch übernommen, Dooray will Deflector haben und schnell in Produktion bringen. Damit kommt eine weitere Mine ans Netz. Solitario und Pinecrest sollten noch mit News folgen.
Antwort auf Beitrag Nr.: 48.147.896 von KMST am 28.10.14 08:34:04Hier sieht es ja aus wie bei Silver Wheaton anno 2008 als es von über 10 auf 1 ging. Danach war es die beste Story ever bis 2011/12. nächster Kauf heute oder morgen geplant, dann hab ich erstmal die 50% zielposition zusammen. Die andere Hälfte bei 1$ wäre natürlich ein Traum. Könnte in Panik und Änderungen am Luna Stream sogar passieren.
gute zahlen, mehr als bescheidener ausblick falls es sich dabei nicht um einen schreibfehler handelt.
angeblich kein wachstum bis 2017 und weiterhin 45000oz produktion
angeblich kein wachstum bis 2017 und weiterhin 45000oz produktion
Antwort auf Beitrag Nr.: 48.310.558 von MONSIEURCB am 13.11.14 14:51:21genau...es handelt sich um keinen schreibfehler. wurde soeben im conference call bestätigt
Antwort auf Beitrag Nr.: 48.312.808 von KMST am 13.11.14 17:51:52Bin auch Long gegangen: Warum habe ich
hier
http://seekingalpha.com/article/2631755-sandstorm-gold-a-wor…
und
hier
http://seekingalpha.com/article/2680785-update-q3-2014-earni…
erläutert.
Wenn Gold mir keinen Strich durch die rechnung macht, sollten 50%+ auf 12 monatssicht drinn sein. Wenn nicht eh vorher FNV, RGLD oder SLW eine offer macht
hier
http://seekingalpha.com/article/2631755-sandstorm-gold-a-wor…
und
hier
http://seekingalpha.com/article/2680785-update-q3-2014-earni…
erläutert.
Wenn Gold mir keinen Strich durch die rechnung macht, sollten 50%+ auf 12 monatssicht drinn sein. Wenn nicht eh vorher FNV, RGLD oder SLW eine offer macht
Sandstorm Gold Announces Normal Course Issuer Bid
Vancouver, British Columbia | December 15, 2014
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) is pleased to announce that the Toronto Stock Exchange (“TSX”) has accepted the Company’s notice that it intends to proceed with a normal course issuer bid (“NCIB”) in accordance with TSX rules. Under the NCIB, Sandstorm may purchase up to 5,882,879 of its common shares, representing 5% of the Company’s issued and outstanding common shares of 117,657,587 as of December 11, 2014.
Purchases under the NCIB may commence on December 17, 2014 and will terminate on the earlier of December 16, 2015, the date that Sandstorm completes its purchases pursuant to the notice of intention to make the NCIB as filed with the TSX or the date of notice by Sandstorm of termination of the NCIB. All purchases under the NCIB will be executed on the open market through the facilities of the TSX or alternative Canadian trading platforms (if eligible) and will be made at the market price of the common shares at the time of acquisition. These purchases will be funded by Sandstorm’s working capital and any common shares acquired by the Company under the NCIB will be cancelled. Sandstorm’s average daily trading volume on the TSX during the last six calendar months was 307,783 common shares. Daily purchases will not exceed 76,945 common shares, subject to the Company’s ability to make block purchases under the rules of the TSX. No share purchases have been made by the Company pursuant to a NCIB in the last twelve months.
The NCIB provides Sandstorm with the option to purchase the Company’s common shares from time to time when Sandstorm’s management believes that the common shares are undervalued by the market.
Vancouver, British Columbia | December 15, 2014
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) is pleased to announce that the Toronto Stock Exchange (“TSX”) has accepted the Company’s notice that it intends to proceed with a normal course issuer bid (“NCIB”) in accordance with TSX rules. Under the NCIB, Sandstorm may purchase up to 5,882,879 of its common shares, representing 5% of the Company’s issued and outstanding common shares of 117,657,587 as of December 11, 2014.
Purchases under the NCIB may commence on December 17, 2014 and will terminate on the earlier of December 16, 2015, the date that Sandstorm completes its purchases pursuant to the notice of intention to make the NCIB as filed with the TSX or the date of notice by Sandstorm of termination of the NCIB. All purchases under the NCIB will be executed on the open market through the facilities of the TSX or alternative Canadian trading platforms (if eligible) and will be made at the market price of the common shares at the time of acquisition. These purchases will be funded by Sandstorm’s working capital and any common shares acquired by the Company under the NCIB will be cancelled. Sandstorm’s average daily trading volume on the TSX during the last six calendar months was 307,783 common shares. Daily purchases will not exceed 76,945 common shares, subject to the Company’s ability to make block purchases under the rules of the TSX. No share purchases have been made by the Company pursuant to a NCIB in the last twelve months.
The NCIB provides Sandstorm with the option to purchase the Company’s common shares from time to time when Sandstorm’s management believes that the common shares are undervalued by the market.
Antwort auf Beitrag Nr.: 48.574.421 von KMST am 15.12.14 15:49:29Ziemlich sinnfreie Aktion. Damit werden sozusagen assets eingekauft, die zu Zeiten von hohen Goldpreisen zuvor eingekauft worden sind.
Geht Gold erneut auf Tauchstation sind die streams quasi wertlos.
Im Gegenzug müßte (theoretisch) im Streaming/Royalty Geschäft ein klarer Käufermarkt sein. Ergo sollten lieber royalties eingesackt werden, die u.U. im Falle einer Insolvenz des Produzenten weiter auf der Liegenschaft verbleiben.
Geht Gold erneut auf Tauchstation sind die streams quasi wertlos.
Im Gegenzug müßte (theoretisch) im Streaming/Royalty Geschäft ein klarer Käufermarkt sein. Ergo sollten lieber royalties eingesackt werden, die u.U. im Falle einer Insolvenz des Produzenten weiter auf der Liegenschaft verbleiben.
Scheinbar geht es wieder bergauf. Gibt es News zu den Anstiegen der letzten Tage?
Sandstorm Gold announces 10 new royalties - Jan 27, 2015
www.sandstormgold.com/news/2015/index.php?&content_id=425
www.sandstormgold.com/news/2015/index.php?&content_id=425
Sandstorm Gold Announces Agreement to Acquire Gold Royalties
Vancouver, British Columbia | February 18, 2015
Sandstorm Gold Ltd. (“Sandstorm”) (NYSE MKT:SAND, TSX:SSL) is pleased to announce that it has entered into an arrangement agreement (the “Arrangement Agreement”) with Gold Royalties Corporation (“Gold Royalties”) (TSX-V:GRO) pursuant to which Sandstorm will acquire 100% of the outstanding common shares in the capital of Gold Royalties (the “Gold Royalties Shares”) by way of a statutory plan of arrangement (the “Arrangement”).
Gold Royalties has approximately C$2 million in cash and a portfolio of 18 royalties on 13 mining projects located in Canada, including one royalty that is generating cash flow from gold production. Upon the closing of the Arrangement, Sandstorm will have a portfolio of 10 streams and 59 royalties.
— SUMMARY OF THE ARRANGEMENT
Gold Royalties shareholders will receive common shares of Sandstorm (the “Sandstorm Shares”) on the basis of 0.045 of a Sandstorm Share for each one Gold Royalties Share held. The Arrangement values the Gold Royalties Shares at approximately C$0.20 per Gold Royalties Share, which represents a premium of 70% to the 20-day volume weighted average trading price of the Gold Royalties Shares on the TSX Venture Exchange of approximately C$0.118. Based on Sandstorm’s closing share price on February 17, 2015, the total value of this transaction would be approximately C$5.7 million.
In accordance with the terms of the outstanding warrants to acquire Gold Royalties Shares (each, a “Gold Royalties Warrant”), each holder of a Gold Royalties Warrant outstanding immediately prior to the effective time of the Arrangement will receive on subsequent exercise of such holder’s Gold Royalties Warrant, in accordance with its terms, for the same aggregate consideration payable for such warrant, 0.045 of a Sandstorm Share.
In addition, in accordance with the terms of the outstanding options to acquire Gold Royalties Shares (each, a “Gold Royalties Option”), each holder of a Gold Royalties Option outstanding immediately prior to the effective time of the Arrangement will receive on subsequent exercise of such holder’s Gold Royalties Option, in accordance with its terms, for the same aggregate consideration payable for such option, 0.045 of a Sandstorm Share. As at the date of the completion of the Arrangement, all Gold Royalties Options held by directors and officers will be extended to the original expiry dates thereof, notwithstanding that any such directors and officers may cease to be eligible optionees under the Gold Royalties stock option plan.
The Arrangement is subject to the approval of at least two-thirds of the votes cast by Gold Royalties shareholders at a special meeting of Gold Royalties shareholders, which is expected to be held in April 2015 and, if applicable under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, the approval of a majority of the minority shareholders by reason of collateral benefits received by optionees as a result of the amendment to the terms of their options. Prior to executing the Arrangement Agreement, the Board of Directors of Gold Royalties obtained a fairness opinion from Evans & Evans Inc. The fairness opinion will be included in the management information circular to be mailed to shareholders of Gold Royalties. Completion of the Arrangement is also subject to the approval of the Court of Queen’s Bench of Alberta, the Toronto Stock Exchange, the NYSE MKT, the TSX Venture Exchange, the receipt of all other necessary regulatory and third party approvals, and other customary conditions. In the event that the Arrangement is not completed under certain circumstances, Gold Royalties has agreed to pay Sandstorm a termination fee of C$200,000. In addition, the Arrangement Agreement includes standard non-solicitation and superior proposal provisions and Gold Royalties has provided Sandstorm with certain other customary rights, including a right to match competing offers. Full details of the transaction will be included in the management information circular of Gold Royalties to be mailed to Gold Royalties shareholders in due course.
A copy of the Arrangement Agreement will be filed under each of Sandstorm’s and Gold Royalties’ profiles on SEDAR at www.sedar.com.
— VOTING SUPPORT AND BOARD APPROVAL
Prior to entering into the Arrangement Agreement, Sandstorm entered into support and voting agreements with the management and certain members of the Board of Directors of Gold Royalties (together, the “Locked-Up Shareholders”), collectively holding approximately 5.53% of the issued and outstanding shares of Gold Royalties, whereby the Locked-Up Shareholders have agreed to vote their Gold Royalties Shares in favour of the Arrangement at the special meeting of Gold Royalties shareholders.
The Board of Directors of Gold Royalties has unanimously approved the transaction and will unanimously recommend that Gold Royalties shareholders vote in favour of the Arrangement. Each director and senior officer of Gold Royalties has indicated that they intend to vote in favour of the Arrangement.
The Sandstorm Board of Directors has unanimously approved the transaction and Sandstorm does not require, and the transaction is not subject to, approval by the shareholders of Sandstorm. The issuance of the Sandstorm Shares, including those issuable on exercise of the Gold Royalties Warrants (and warrants into which some of these warrants may be exercisable) and the Gold Royalties Options on a post-closing basis, is subject to approval by the Toronto Stock Exchange.
Sandstorm’s legal counsel is Cassels Brock & Blackwell LLP. Gold Royalties’ legal counsel is Beadle Raven LLP and ProVenture Law LLP.
None of the securities to be issued pursuant to the Arrangement Agreement have been or will be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and any securities issued pursuant to the Arrangement are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.
Vancouver, British Columbia | February 18, 2015
Sandstorm Gold Ltd. (“Sandstorm”) (NYSE MKT:SAND, TSX:SSL) is pleased to announce that it has entered into an arrangement agreement (the “Arrangement Agreement”) with Gold Royalties Corporation (“Gold Royalties”) (TSX-V:GRO) pursuant to which Sandstorm will acquire 100% of the outstanding common shares in the capital of Gold Royalties (the “Gold Royalties Shares”) by way of a statutory plan of arrangement (the “Arrangement”).
Gold Royalties has approximately C$2 million in cash and a portfolio of 18 royalties on 13 mining projects located in Canada, including one royalty that is generating cash flow from gold production. Upon the closing of the Arrangement, Sandstorm will have a portfolio of 10 streams and 59 royalties.
— SUMMARY OF THE ARRANGEMENT
Gold Royalties shareholders will receive common shares of Sandstorm (the “Sandstorm Shares”) on the basis of 0.045 of a Sandstorm Share for each one Gold Royalties Share held. The Arrangement values the Gold Royalties Shares at approximately C$0.20 per Gold Royalties Share, which represents a premium of 70% to the 20-day volume weighted average trading price of the Gold Royalties Shares on the TSX Venture Exchange of approximately C$0.118. Based on Sandstorm’s closing share price on February 17, 2015, the total value of this transaction would be approximately C$5.7 million.
In accordance with the terms of the outstanding warrants to acquire Gold Royalties Shares (each, a “Gold Royalties Warrant”), each holder of a Gold Royalties Warrant outstanding immediately prior to the effective time of the Arrangement will receive on subsequent exercise of such holder’s Gold Royalties Warrant, in accordance with its terms, for the same aggregate consideration payable for such warrant, 0.045 of a Sandstorm Share.
In addition, in accordance with the terms of the outstanding options to acquire Gold Royalties Shares (each, a “Gold Royalties Option”), each holder of a Gold Royalties Option outstanding immediately prior to the effective time of the Arrangement will receive on subsequent exercise of such holder’s Gold Royalties Option, in accordance with its terms, for the same aggregate consideration payable for such option, 0.045 of a Sandstorm Share. As at the date of the completion of the Arrangement, all Gold Royalties Options held by directors and officers will be extended to the original expiry dates thereof, notwithstanding that any such directors and officers may cease to be eligible optionees under the Gold Royalties stock option plan.
The Arrangement is subject to the approval of at least two-thirds of the votes cast by Gold Royalties shareholders at a special meeting of Gold Royalties shareholders, which is expected to be held in April 2015 and, if applicable under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, the approval of a majority of the minority shareholders by reason of collateral benefits received by optionees as a result of the amendment to the terms of their options. Prior to executing the Arrangement Agreement, the Board of Directors of Gold Royalties obtained a fairness opinion from Evans & Evans Inc. The fairness opinion will be included in the management information circular to be mailed to shareholders of Gold Royalties. Completion of the Arrangement is also subject to the approval of the Court of Queen’s Bench of Alberta, the Toronto Stock Exchange, the NYSE MKT, the TSX Venture Exchange, the receipt of all other necessary regulatory and third party approvals, and other customary conditions. In the event that the Arrangement is not completed under certain circumstances, Gold Royalties has agreed to pay Sandstorm a termination fee of C$200,000. In addition, the Arrangement Agreement includes standard non-solicitation and superior proposal provisions and Gold Royalties has provided Sandstorm with certain other customary rights, including a right to match competing offers. Full details of the transaction will be included in the management information circular of Gold Royalties to be mailed to Gold Royalties shareholders in due course.
A copy of the Arrangement Agreement will be filed under each of Sandstorm’s and Gold Royalties’ profiles on SEDAR at www.sedar.com.
— VOTING SUPPORT AND BOARD APPROVAL
Prior to entering into the Arrangement Agreement, Sandstorm entered into support and voting agreements with the management and certain members of the Board of Directors of Gold Royalties (together, the “Locked-Up Shareholders”), collectively holding approximately 5.53% of the issued and outstanding shares of Gold Royalties, whereby the Locked-Up Shareholders have agreed to vote their Gold Royalties Shares in favour of the Arrangement at the special meeting of Gold Royalties shareholders.
The Board of Directors of Gold Royalties has unanimously approved the transaction and will unanimously recommend that Gold Royalties shareholders vote in favour of the Arrangement. Each director and senior officer of Gold Royalties has indicated that they intend to vote in favour of the Arrangement.
The Sandstorm Board of Directors has unanimously approved the transaction and Sandstorm does not require, and the transaction is not subject to, approval by the shareholders of Sandstorm. The issuance of the Sandstorm Shares, including those issuable on exercise of the Gold Royalties Warrants (and warrants into which some of these warrants may be exercisable) and the Gold Royalties Options on a post-closing basis, is subject to approval by the Toronto Stock Exchange.
Sandstorm’s legal counsel is Cassels Brock & Blackwell LLP. Gold Royalties’ legal counsel is Beadle Raven LLP and ProVenture Law LLP.
None of the securities to be issued pursuant to the Arrangement Agreement have been or will be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and any securities issued pursuant to the Arrangement are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.
Sandstorm Gold to Release Fourth Quarter and Annual Results on March 18
Vancouver, British Columbia | March 13, 2015
Sandstorm Gold Ltd. (“Sandstorm”) (NYSE MKT: SAND, TSX: SSL) will release its 2014 fourth quarter and annual results on Wednesday, March 18, 2015, after markets close.
A conference call will be held on Thursday, March 19, 2015 starting at 8:30am PST to further discuss the results. To participate in the conference call, use the following dial-in numbers:
Local/International: 647-788-4916
North American Toll-Free: 877-214-4966
It is recommended that participants dial in five minutes prior to the commencement of the conference call. An audio webcast of the conference call can be accessed via the following link, http://ow .ly/Kj3Os, and will also be available on the Sandstorm website.
Vancouver, British Columbia | March 13, 2015
Sandstorm Gold Ltd. (“Sandstorm”) (NYSE MKT: SAND, TSX: SSL) will release its 2014 fourth quarter and annual results on Wednesday, March 18, 2015, after markets close.
A conference call will be held on Thursday, March 19, 2015 starting at 8:30am PST to further discuss the results. To participate in the conference call, use the following dial-in numbers:
Local/International: 647-788-4916
North American Toll-Free: 877-214-4966
It is recommended that participants dial in five minutes prior to the commencement of the conference call. An audio webcast of the conference call can be accessed via the following link, http://ow .ly/Kj3Os, and will also be available on the Sandstorm website.
Sandstorm Gold Announces Fourth Quarter and Annual Results
Vancouver, British Columbia | March 18, 2015
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) has released its results for the fourth quarter and year ended December 31, 2014 (all figures in U.S. dollars).
— FOURTH QUARTER HIGHLIGHTS (3 MONTHS)
Strong balance sheet with over $90 million in cash at December 31, 2014;
Attributable Gold Equivalent ounces sold1 of 10,424 ounces;
Revenue of $12.5 million;
Average cash cost per Attributable Gold Equivalent ounce1 of $308 resulting in cash operating margins1 of $890 per ounce;
Operating cash flow of $8.9 million; and,
Net income of $2.6 million.
— 2014 HIGHLIGHTS (12 MONTHS)
Attributable Gold Equivalent ounces sold1 of 44,821 ounces;
Revenue of $56.5 million;
Average cash cost per Attributable Gold Equivalent ounce1 of $321 resulting in cash operating margins1 of $939 per ounce;
Operating cash flow of $35.2 million;
Net income of $11.5 million;
Exercised option to purchase an amount equal to 20% of the gold produced from the Santa Elena underground mine in Mexico (“Santa Elena”) for US$10 million;
Acquired 100% of the issued and outstanding shares of Sandstorm Metals & Energy Ltd. (“Sandstorm Metals”), allowing Sandstorm management to focus on gold transactions going forward;
Amended the revolving credit agreement, extending the term to five years. The revolving loan allows the Company to borrow up to $100 million for acquisition purposes;
Participated in a Luna Gold Corp. (“Luna”) non-brokered private placement to align the interests of Luna and Sandstorm and to allow the facilitation of an orderly resolution of Luna’s current challenges;
Partnered with Franco-Nevada Corp. (“Franco-Nevada”) in entering into a $120 million gold stream with True Gold Mining Inc. with respect to its Karma Project in Burkina Faso, West Africa. The gold stream is syndicated between Franco-Nevada and Sandstorm with Franco-Nevada providing 75% of the funding and Sandstorm providing the remaining 25% of the funding. The transaction was the first syndicated gold stream between two royalty and streaming companies; and,
Initiated a normal course issuer bid allowing the Company to purchase up to 5,882,879 common shares. The normal course issuer bid provides the Company with the option to purchase its common shares when management believes those shares are undervalued.
Sandstorm President & CEO Nolan Watson commented, “During 2014, our team was able to grow our asset base with the addition of 11 new streams and royalties, we generated significant free cash flow from our existing portfolio and worked through a number of challenges that arose due to the volatile gold price environment.” Watson continued, “I believe that 2015 will be a strong year for Sandstorm as we use our available capital to aggressively pursue new transactions and grow our future production and cash flow.”
http://www.sandstormgold.com/_resources/news/2015/2015-03-18…
Vancouver, British Columbia | March 18, 2015
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) has released its results for the fourth quarter and year ended December 31, 2014 (all figures in U.S. dollars).
— FOURTH QUARTER HIGHLIGHTS (3 MONTHS)
Strong balance sheet with over $90 million in cash at December 31, 2014;
Attributable Gold Equivalent ounces sold1 of 10,424 ounces;
Revenue of $12.5 million;
Average cash cost per Attributable Gold Equivalent ounce1 of $308 resulting in cash operating margins1 of $890 per ounce;
Operating cash flow of $8.9 million; and,
Net income of $2.6 million.
— 2014 HIGHLIGHTS (12 MONTHS)
Attributable Gold Equivalent ounces sold1 of 44,821 ounces;
Revenue of $56.5 million;
Average cash cost per Attributable Gold Equivalent ounce1 of $321 resulting in cash operating margins1 of $939 per ounce;
Operating cash flow of $35.2 million;
Net income of $11.5 million;
Exercised option to purchase an amount equal to 20% of the gold produced from the Santa Elena underground mine in Mexico (“Santa Elena”) for US$10 million;
Acquired 100% of the issued and outstanding shares of Sandstorm Metals & Energy Ltd. (“Sandstorm Metals”), allowing Sandstorm management to focus on gold transactions going forward;
Amended the revolving credit agreement, extending the term to five years. The revolving loan allows the Company to borrow up to $100 million for acquisition purposes;
Participated in a Luna Gold Corp. (“Luna”) non-brokered private placement to align the interests of Luna and Sandstorm and to allow the facilitation of an orderly resolution of Luna’s current challenges;
Partnered with Franco-Nevada Corp. (“Franco-Nevada”) in entering into a $120 million gold stream with True Gold Mining Inc. with respect to its Karma Project in Burkina Faso, West Africa. The gold stream is syndicated between Franco-Nevada and Sandstorm with Franco-Nevada providing 75% of the funding and Sandstorm providing the remaining 25% of the funding. The transaction was the first syndicated gold stream between two royalty and streaming companies; and,
Initiated a normal course issuer bid allowing the Company to purchase up to 5,882,879 common shares. The normal course issuer bid provides the Company with the option to purchase its common shares when management believes those shares are undervalued.
Sandstorm President & CEO Nolan Watson commented, “During 2014, our team was able to grow our asset base with the addition of 11 new streams and royalties, we generated significant free cash flow from our existing portfolio and worked through a number of challenges that arose due to the volatile gold price environment.” Watson continued, “I believe that 2015 will be a strong year for Sandstorm as we use our available capital to aggressively pursue new transactions and grow our future production and cash flow.”
http://www.sandstormgold.com/_resources/news/2015/2015-03-18…
Antwort auf Beitrag Nr.: 49.369.145 von KMST am 19.03.15 08:38:40Liest sich ja schön, aber es gibt ein Problem:
Shareholders Equity in Q4 ist down von rund 435 Mio. auf 421 Mio., also rund 14 Mio. verbrannt. Shareholders Equity ist jetzt niedriger, als März 2013.
Shareholders Equity in Q4 ist down von rund 435 Mio. auf 421 Mio., also rund 14 Mio. verbrannt. Shareholders Equity ist jetzt niedriger, als März 2013.
ja, sieht man alles sehr schön im chart und im bewertungsgap zu anderen royalty playern.
ich halte hier eine kernposition und trade mittlerweile ganz erfolgreich die einzelnen schwünge. mit den gewinnen habe ich vor im sommer und nach erfolgter luna-abschreibung und streamanpassung hier nochmals aufzustocken.
mit der eingeschlagenen royaltyschiene sehe ich schon etwas licht am ende des tunnels. ich hoffe nur mein plan mit dem weiteren verlauf beim goldpreis geht auch langfristig auf.
ich halte hier eine kernposition und trade mittlerweile ganz erfolgreich die einzelnen schwünge. mit den gewinnen habe ich vor im sommer und nach erfolgter luna-abschreibung und streamanpassung hier nochmals aufzustocken.
mit der eingeschlagenen royaltyschiene sehe ich schon etwas licht am ende des tunnels. ich hoffe nur mein plan mit dem weiteren verlauf beim goldpreis geht auch langfristig auf.
habe mir jetzt das playback vom conference call angehört. ist auf jeden fall hörenswert
-es werden derzeit 21 projekte näher untersucht.
-4 davon in der sehr nahen auswahl, ein base metal, 3 gold und alle sollen schon cashflow generieren.
-luna deal sollte shortly fertig werden. da ist man jetzt sehr weit gekommen. royalty auf aurizona, auf 120000 hektar weiteres land und eine beteiligung an der neuen firma wird es geben
-true gold hat sich die lage auch verbessert, man ist dem abschluss näher. dort könnte es ebenfalls shortly weitergehen. allerdings wird wohl die erste lieferung gold an sandstorm auf 2017 verschoben werden
-230000 shares konnten nur zurückgekauft werden. an allen anderen tagen hatte sandstorm blackout period von der tmx auferlegt bekommen
-sollte der sharepreis nicht viel weiter fallen will sandstorm jetzt allerdings das geld lieber für neue royalties nutzen, da ist was in der pipeline
-nolan glaubt das das tief in gold noch nicht erreicht ist aber jetzt über die nächsten quartale die zeit zum shopen gekommen ist. er will die firma für den nächsten upcycle positionieren. ich denke da wird jetzt nicht mehr viel cash übrig bleiben. auch deshalb der deal mit gold royalties in shares und nicht in cash. man wird vermutlich erstmals den kredit mit anreißen
bin gespannt...mfg
-es werden derzeit 21 projekte näher untersucht.
-4 davon in der sehr nahen auswahl, ein base metal, 3 gold und alle sollen schon cashflow generieren.
-luna deal sollte shortly fertig werden. da ist man jetzt sehr weit gekommen. royalty auf aurizona, auf 120000 hektar weiteres land und eine beteiligung an der neuen firma wird es geben
-true gold hat sich die lage auch verbessert, man ist dem abschluss näher. dort könnte es ebenfalls shortly weitergehen. allerdings wird wohl die erste lieferung gold an sandstorm auf 2017 verschoben werden
-230000 shares konnten nur zurückgekauft werden. an allen anderen tagen hatte sandstorm blackout period von der tmx auferlegt bekommen
-sollte der sharepreis nicht viel weiter fallen will sandstorm jetzt allerdings das geld lieber für neue royalties nutzen, da ist was in der pipeline
-nolan glaubt das das tief in gold noch nicht erreicht ist aber jetzt über die nächsten quartale die zeit zum shopen gekommen ist. er will die firma für den nächsten upcycle positionieren. ich denke da wird jetzt nicht mehr viel cash übrig bleiben. auch deshalb der deal mit gold royalties in shares und nicht in cash. man wird vermutlich erstmals den kredit mit anreißen
bin gespannt...mfg
so, ging schneller als gedacht. hätte mir aber einen besseren deal gewünscht. luna dicker gewinner, sandstorm sieht nach vielen jahren dann hoffentlich mal das geld wieder
Luna Gold Announces Restructuring of Sandstorm Stream Agreement
V.LGC, T.SSL | 6 hours ago
VANCOUVER, BC--(Marketwired - March 20, 2015) - Luna Gold Corp. (TSX: LGC) (LMA: LGC) (OTCQX: LGCUF), "Luna" or the "Company") announced today that the Company has signed a Letter of Intent with Sandstorm Gold Ltd. ("Sandstorm") (NYSE MKT: SAND) (TSX: SSL) outlining restructuring of its gold stream and debt facility agreement (the "Proposed Restructuring"). Sandstorm currently holds a 17% gold stream (the "Gold Stream") on Luna's Aurizona project in Brazil (the "Aurizona Project") and has a debt facility outstanding to Luna with a principal amount of US$20 million (the "Debt Facility").
The Proposed Restructuring is subject to a number of conditions, including (i) a concurrent equity raise with gross proceeds to Luna of at least CA$20 million, (ii) regulatory approvals such as the approval of the Toronto Stock Exchange, (iii) the approval of Luna's shareholders, and (iv) the negotiation and execution of definitive agreements for the Proposed Restructuring. Until the conditions are satisfied there can be no assurances that the Proposed Restructuring will be completed. The Company is seeking equity investors as part of its ongoing review of strategic alternatives, but as of this date has no agreement with any investor for an equity investment that meets Sandstorm's terms. Subject to the execution of definitive agreements, the Company anticipates completion of the Proposed Restructuring on or around June 30, 2015, assuming the conditions can be met.
Restructuring Terms
Gold Stream Restructuring
Under the terms of the Proposed Restructuring, the Gold Stream would be terminated and replaced by two net smelter return royalties ("NSR") (the "Aurizona Project NSR" and the "Greenfields NSR") and a convertible debenture. The Aurizona Project NSR would cover the entire Aurizona project, including the current 43-101 compliant Resources, and all adjacent exploration upside that would be processed through the Aurizona mill net of third party refining costs. The Aurizona Project NSR would be a sliding scale royalty based on the price of gold as follows:
3% if the price of gold is less than or equal to US$1,500 per ounce;
4% if the price of gold is between US$1,500 per ounce and US$2,000 per ounce; and
5% if the price of gold is greater than US$2,000 per ounce.
The Greenfields NSR would cover the 190,073 hectares of exploration ground held by Luna and would be a 2% NSR. Luna would have the right to purchase one-half of the Greenfields NSR for US$10 million at any time prior to commercial production.
Sandstorm would hold a right of first refusal on any future streams or royalties on the Aurizona Project and Greenfields.
Under the Proposed Restructuring, Sandstorm would also receive a US$30 million debenture bearing interest at a rate of 5% per annum (the "Debenture"). The Debenture would be payable in three equal annual tranches of US$10 million plus accrued interest beginning January 1, 2018. Luna would have the right to convert principal and interest owing under the Debenture into common shares of Luna, so long as Sandstorm does not own more than 20% of the outstanding common shares of Luna.
Sandstorm US$20 million Debt Facility Agreement
Under the existing Sandstorm Debt Facility amendment, the maturity date of the Debt Facility would be extended from June 30, 2017 to June 30, 2021, the interest rate would be revised to 5% per annum, payable in cash on the maturity date, and Luna would be subject to a default rate of interest equal to 10% per annum.
Luna Gold's President and CEO Marc Leduc commented, "The proposed restructuring of the Sandstorm steaming agreement is a key component to moving Luna toward viability. The Company assets are, and remain, sound and pursuing this restructuring is a first step toward moving in a direction in which all parties can benefit."
Read more at http://www.stockhouse.com/news/press-releases/2015/03/20/lun…
Luna Gold Announces Restructuring of Sandstorm Stream Agreement
V.LGC, T.SSL | 6 hours ago
VANCOUVER, BC--(Marketwired - March 20, 2015) - Luna Gold Corp. (TSX: LGC) (LMA: LGC) (OTCQX: LGCUF), "Luna" or the "Company") announced today that the Company has signed a Letter of Intent with Sandstorm Gold Ltd. ("Sandstorm") (NYSE MKT: SAND) (TSX: SSL) outlining restructuring of its gold stream and debt facility agreement (the "Proposed Restructuring"). Sandstorm currently holds a 17% gold stream (the "Gold Stream") on Luna's Aurizona project in Brazil (the "Aurizona Project") and has a debt facility outstanding to Luna with a principal amount of US$20 million (the "Debt Facility").
The Proposed Restructuring is subject to a number of conditions, including (i) a concurrent equity raise with gross proceeds to Luna of at least CA$20 million, (ii) regulatory approvals such as the approval of the Toronto Stock Exchange, (iii) the approval of Luna's shareholders, and (iv) the negotiation and execution of definitive agreements for the Proposed Restructuring. Until the conditions are satisfied there can be no assurances that the Proposed Restructuring will be completed. The Company is seeking equity investors as part of its ongoing review of strategic alternatives, but as of this date has no agreement with any investor for an equity investment that meets Sandstorm's terms. Subject to the execution of definitive agreements, the Company anticipates completion of the Proposed Restructuring on or around June 30, 2015, assuming the conditions can be met.
Restructuring Terms
Gold Stream Restructuring
Under the terms of the Proposed Restructuring, the Gold Stream would be terminated and replaced by two net smelter return royalties ("NSR") (the "Aurizona Project NSR" and the "Greenfields NSR") and a convertible debenture. The Aurizona Project NSR would cover the entire Aurizona project, including the current 43-101 compliant Resources, and all adjacent exploration upside that would be processed through the Aurizona mill net of third party refining costs. The Aurizona Project NSR would be a sliding scale royalty based on the price of gold as follows:
3% if the price of gold is less than or equal to US$1,500 per ounce;
4% if the price of gold is between US$1,500 per ounce and US$2,000 per ounce; and
5% if the price of gold is greater than US$2,000 per ounce.
The Greenfields NSR would cover the 190,073 hectares of exploration ground held by Luna and would be a 2% NSR. Luna would have the right to purchase one-half of the Greenfields NSR for US$10 million at any time prior to commercial production.
Sandstorm would hold a right of first refusal on any future streams or royalties on the Aurizona Project and Greenfields.
Under the Proposed Restructuring, Sandstorm would also receive a US$30 million debenture bearing interest at a rate of 5% per annum (the "Debenture"). The Debenture would be payable in three equal annual tranches of US$10 million plus accrued interest beginning January 1, 2018. Luna would have the right to convert principal and interest owing under the Debenture into common shares of Luna, so long as Sandstorm does not own more than 20% of the outstanding common shares of Luna.
Sandstorm US$20 million Debt Facility Agreement
Under the existing Sandstorm Debt Facility amendment, the maturity date of the Debt Facility would be extended from June 30, 2017 to June 30, 2021, the interest rate would be revised to 5% per annum, payable in cash on the maturity date, and Luna would be subject to a default rate of interest equal to 10% per annum.
Luna Gold's President and CEO Marc Leduc commented, "The proposed restructuring of the Sandstorm steaming agreement is a key component to moving Luna toward viability. The Company assets are, and remain, sound and pursuing this restructuring is a first step toward moving in a direction in which all parties can benefit."
Read more at http://www.stockhouse.com/news/press-releases/2015/03/20/lun…
Sandstorm hat angeblich von Iamgold einen Royalty von Rio Tintos Diavik Diamantenmine gekauft, gibts schon näheres?
Sandstorm Gold Acquires Royalty on Diavik Diamond Mine
Vancouver, British Columbia | March 23, 2015
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) is pleased to announce that the Company has acquired a 1% gross proceeds royalty (“Royalty”) over property in Lac de Gras in the Northwest Territories, Canada, including property constituting the Diavik Diamond Mine (“Diavik Mine”) operated by Rio Tinto plc.
— TRANSACTION TERMS
Sandstorm acquired the Diavik Mine Royalty from IAMGOLD Corporation for US$52.5 million in cash and 3 million warrants of Sandstorm. The warrants have a 5 year term, a strike price of US$4.50 per Sandstorm common share and will be exercisable following initial production from the Diavik Mine’s A21 pipe. The Royalty transaction is a unique opportunity which provides the following benefits to Sandstorm:
contributes long-term stable cash flows from a world-class asset run by one of the world’s premier diversified mining companies;
diamond markets exhibit strong demand with stable growth predicted over the near future;
more than 50% of the Company’s attributable gold equivalent production is generated from mines operated by large, reliable, diversified mining companies;
the Company’s gold-based revenue stream will remain above 80%; and,
Sandstorm’s corporate development efforts remain focused on gold transactions.
“Adding a royalty from the world-class Diavik Mine brings approximately US$7 million to US$8 million per annum in additional long-term, stable cash flows to Sandstorm’s portfolio,” said President and CEO Nolan Watson. Watson added, “With this transaction, over 50% of Sandstorm’s free cash flow will come from mines operated by large, multi-asset mining companies including Glencore, Rio Tinto, Newmont, Primero, AngloGold Ashanti and Yamana. We are committed to growing our portfolio of streams and royalties and we will maintain our focus on gold. At present, over 95% of the potential transactions in our deal pipeline are precious metals opportunities, and with approximately US$140 million of cash and available credit facilities, we are well positioned to take advantage of this deal pipeline.”
With the addition of the Diavik Mine Royalty, Sandstorm’s production for 2015 is now forecasted to be between 40,000 to 50,000 attributable gold equivalent ounces. The Company is forecasting attributable gold equivalent production of approximately 50,000 ounces per annum in 2018, excluding any ounces that may come from Luna Gold Corp.’s Aurizona mine in Brazil.
— ABOUT THE DIAVIK MINE
The Diavik Mine is Canada’s largest diamond mine, located on a 20 square kilometre island at Lac de Gras, Northwest Territories, approximately 300 kilometres from Yellowknife. The mine is 60% owned, and operated, by Rio Tinto plc and is 40% owned by Dominion Diamond Corporation.
Diavik began producing diamonds in January 2003, and has since produced more than 90 million carats (“Mcts”) from three kimberlite pipes (A154 South, A154 North, and A418). Rio Tinto plc has recently approved the development of open pit mining from a fourth pipe (A21). The kimberlite pipes at Diavik are exceptionally high-grade in nature, making it one of the most profitable diamond mines in the world. The current mine plan is expected to take the mine’s production to at least 2023.
For more information on the Diavik Mine, visit the Rio Tinto or Dominion Diamond website:
www.riotinto.com/diamondsandminerals/diavik-2232.aspx
www.ddcorp.ca/operations/diavik-mine
Vancouver, British Columbia | March 23, 2015
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) is pleased to announce that the Company has acquired a 1% gross proceeds royalty (“Royalty”) over property in Lac de Gras in the Northwest Territories, Canada, including property constituting the Diavik Diamond Mine (“Diavik Mine”) operated by Rio Tinto plc.
— TRANSACTION TERMS
Sandstorm acquired the Diavik Mine Royalty from IAMGOLD Corporation for US$52.5 million in cash and 3 million warrants of Sandstorm. The warrants have a 5 year term, a strike price of US$4.50 per Sandstorm common share and will be exercisable following initial production from the Diavik Mine’s A21 pipe. The Royalty transaction is a unique opportunity which provides the following benefits to Sandstorm:
contributes long-term stable cash flows from a world-class asset run by one of the world’s premier diversified mining companies;
diamond markets exhibit strong demand with stable growth predicted over the near future;
more than 50% of the Company’s attributable gold equivalent production is generated from mines operated by large, reliable, diversified mining companies;
the Company’s gold-based revenue stream will remain above 80%; and,
Sandstorm’s corporate development efforts remain focused on gold transactions.
“Adding a royalty from the world-class Diavik Mine brings approximately US$7 million to US$8 million per annum in additional long-term, stable cash flows to Sandstorm’s portfolio,” said President and CEO Nolan Watson. Watson added, “With this transaction, over 50% of Sandstorm’s free cash flow will come from mines operated by large, multi-asset mining companies including Glencore, Rio Tinto, Newmont, Primero, AngloGold Ashanti and Yamana. We are committed to growing our portfolio of streams and royalties and we will maintain our focus on gold. At present, over 95% of the potential transactions in our deal pipeline are precious metals opportunities, and with approximately US$140 million of cash and available credit facilities, we are well positioned to take advantage of this deal pipeline.”
With the addition of the Diavik Mine Royalty, Sandstorm’s production for 2015 is now forecasted to be between 40,000 to 50,000 attributable gold equivalent ounces. The Company is forecasting attributable gold equivalent production of approximately 50,000 ounces per annum in 2018, excluding any ounces that may come from Luna Gold Corp.’s Aurizona mine in Brazil.
— ABOUT THE DIAVIK MINE
The Diavik Mine is Canada’s largest diamond mine, located on a 20 square kilometre island at Lac de Gras, Northwest Territories, approximately 300 kilometres from Yellowknife. The mine is 60% owned, and operated, by Rio Tinto plc and is 40% owned by Dominion Diamond Corporation.
Diavik began producing diamonds in January 2003, and has since produced more than 90 million carats (“Mcts”) from three kimberlite pipes (A154 South, A154 North, and A418). Rio Tinto plc has recently approved the development of open pit mining from a fourth pipe (A21). The kimberlite pipes at Diavik are exceptionally high-grade in nature, making it one of the most profitable diamond mines in the world. The current mine plan is expected to take the mine’s production to at least 2023.
For more information on the Diavik Mine, visit the Rio Tinto or Dominion Diamond website:
www.riotinto.com/diamondsandminerals/diavik-2232.aspx
www.ddcorp.ca/operations/diavik-mine
Antwort auf Beitrag Nr.: 49.398.905 von KMST am 23.03.15 15:37:10Haut einen nicht unbedingt vom Stuhl. Zudem ist der Diamantenmarkt recht intransparent. Im Übrigen ist mir nicht ganz klar, wieso das Team von Sandstorm nun plötzlich über eine Expertise im Diamantenbereich verfügen sollte.
Antwort auf Beitrag Nr.: 49.401.611 von tntxrxwelle am 23.03.15 20:26:45geht mir ähnlich, das geld fürs invest sieht man wohl bei derzeitigen preisen frühestens nach 7 jahren wieder...in dem fall kann man sich aber dann doch auf die expertise von rio tinto verlassen. die haben in sachen diamanten und kimberlite schon ahnung. betreiben die mine erfolgreich seit 2003 und haben im november denn ausbau von diavik für weitere 350 mio capex beschlossen.
das ist scheinbar der deal der beim conference call angekündigt wurde. jetzt sinds noch 20 weitere deals die geprüft werden, 3 davon waren ebenfalls schon cash flow deals. sandstorm aber in den letzten wochen sehr aktiv.
und der sharepreis macht trotz allem auch keinen knick
das ist scheinbar der deal der beim conference call angekündigt wurde. jetzt sinds noch 20 weitere deals die geprüft werden, 3 davon waren ebenfalls schon cash flow deals. sandstorm aber in den letzten wochen sehr aktiv.
und der sharepreis macht trotz allem auch keinen knick
Sandstorm's Diavik Diamond Royalty Acquisition Accretive – CIBC
Tuesday March 24, 2015 10:55 AM
After Sandstorm Gold Ltd.’s (TSX:SSL)$56.8 million acquisition of IAMGOLD Corp.’s diamond royalty stream from the Diavik diamond mine, announced yesterday, analysts at CIBC see the deal as accretive for Sandstorm. After factoring in the acquisition, Sandstorm has roughly $40 million in cash and $100 million available under its revolving credit facility,” they say. “Considering recent management commentary, we expect the company to remain active of the acquisition front.” They add “ the Diavik mine royalty acquisition provides Sandstorm immediate exposure to a stable cash flowing asset, in a safe jurisdiction, run by a world-class operator in Rio Tinto, and improves the company’s attributable gold production profile with the top-end of 2015 guidance representing a 12% Y/Y growth (previously a decrease of 2%).”
Tuesday March 24, 2015 10:55 AM
After Sandstorm Gold Ltd.’s (TSX:SSL)$56.8 million acquisition of IAMGOLD Corp.’s diamond royalty stream from the Diavik diamond mine, announced yesterday, analysts at CIBC see the deal as accretive for Sandstorm. After factoring in the acquisition, Sandstorm has roughly $40 million in cash and $100 million available under its revolving credit facility,” they say. “Considering recent management commentary, we expect the company to remain active of the acquisition front.” They add “ the Diavik mine royalty acquisition provides Sandstorm immediate exposure to a stable cash flowing asset, in a safe jurisdiction, run by a world-class operator in Rio Tinto, and improves the company’s attributable gold production profile with the top-end of 2015 guidance representing a 12% Y/Y growth (previously a decrease of 2%).”
Antwort auf Beitrag Nr.: 49.402.445 von KMST am 23.03.15 22:01:21
Da gehe ich doch lieber mit Analyst KMST
Würde irgendein player eine Mine bauen mit einm payback von 7 Jahren und einer Laufzeit der Mine von 7 Jahren und der Rest Vermutungsfantasie ? Eher nicht und deswegen ist das Invest von Sandstorm nett ausgedrückt allenfalls nett und im Detail hirnrissig, die Hälfte seiner Cashreserven dafür zu verballern.
Zitat von KMST: geht mir ähnlich, das geld fürs invest sieht man wohl bei derzeitigen preisen frühestens nach 7 jahren wieder...in dem fall kann man sich aber dann doch auf die expertise von rio tinto verlassen.
Da gehe ich doch lieber mit Analyst KMST
Würde irgendein player eine Mine bauen mit einm payback von 7 Jahren und einer Laufzeit der Mine von 7 Jahren und der Rest Vermutungsfantasie ? Eher nicht und deswegen ist das Invest von Sandstorm nett ausgedrückt allenfalls nett und im Detail hirnrissig, die Hälfte seiner Cashreserven dafür zu verballern.
Antwort auf Beitrag Nr.: 49.413.779 von tntxrxwelle am 24.03.15 23:56:02naja, soo teuer ist das ganze im aktuelle umfeld eigentlich auch nicht. natürlich gibts qualitätsroyalties und streams nicht mehr zu den konditionen von 2004-2010.
zum vergleich hat silver wheaton für 115 mio cash flow im jahr von vales salobo insgesamt 2.23 mrd bezahlt. da kannste dort mal die jahre hochzählen.
cornerstone assets mit den großen kosten derzeit ordentlich kohle. 7 jahre sind da noch echt ok, billiger bekommt derzeit nur altius die deals und das auch nur weil die keine edelmetalle ins portfolio nehmen sondern die billigeren langweiligen deals machen.
zum vergleich hat silver wheaton für 115 mio cash flow im jahr von vales salobo insgesamt 2.23 mrd bezahlt. da kannste dort mal die jahre hochzählen.
cornerstone assets mit den großen kosten derzeit ordentlich kohle. 7 jahre sind da noch echt ok, billiger bekommt derzeit nur altius die deals und das auch nur weil die keine edelmetalle ins portfolio nehmen sondern die billigeren langweiligen deals machen.
Antwort auf Beitrag Nr.: 49.423.916 von KMST am 25.03.15 22:13:40Schon klar, warum die big boys (als Förderer) nix zu verschenken haben. Grund: (Kredit-) Zins vergleichsweise nicht vorhanden. Der Deal von Silver Wheaton macht es nicht besser. Blinder Aktionismus.
Altius und Eurasian Minerals haben noch ganz andere Probleme...die kritische Masse. M&A Kosten fressen den schmalen Umsatz auf und shareholder equity immer im Sinkflug. Wobei Altius da natürlich besser aussieht, dafür aber auch zu teuer ist.
Altius und Eurasian Minerals haben noch ganz andere Probleme...die kritische Masse. M&A Kosten fressen den schmalen Umsatz auf und shareholder equity immer im Sinkflug. Wobei Altius da natürlich besser aussieht, dafür aber auch zu teuer ist.
Antwort auf Beitrag Nr.: 49.424.513 von tntxrxwelle am 26.03.15 00:20:03G&A Kosten natürlich
Antwort auf Beitrag Nr.: 49.424.513 von tntxrxwelle am 26.03.15 00:20:03ich sehe wir verstehen uns
Antwort auf Beitrag Nr.: 49.426.832 von KMST am 26.03.15 10:05:25Wenn ich dann schon mal beim Sand-bashing bin...
Ich habe das Gefühl die Luna Restrukturierung war in erster Linie ein Buchhaltungstrick, um nicht den Schrott nun abzuschreiben zu müssen. In der Hoffnung auf ein Wunder beim Goldpreis oder einen weißen Ritter bei Luna.
Wenn beides nicht kommt, gehen die convertible Debentures und der Kredit wahrscheinlich flöten. Es bleiben die NSRs auf den Luna-Grundstücken, die theoretisch mal was werden könnten...immer an die Enkel denken
Ich habe das Gefühl die Luna Restrukturierung war in erster Linie ein Buchhaltungstrick, um nicht den Schrott nun abzuschreiben zu müssen. In der Hoffnung auf ein Wunder beim Goldpreis oder einen weißen Ritter bei Luna.
Wenn beides nicht kommt, gehen die convertible Debentures und der Kredit wahrscheinlich flöten. Es bleiben die NSRs auf den Luna-Grundstücken, die theoretisch mal was werden könnten...immer an die Enkel denken
Antwort auf Beitrag Nr.: 49.434.989 von tntxrxwelle am 26.03.15 22:05:26genau unter anderem deswegen gabs sandstorm ja auch für unter $3 und nicht mehr für $13
Antwort auf Beitrag Nr.: 49.437.431 von KMST am 27.03.15 09:59:08Warum sollte Sand auch rund 1,4 Mrd. $ wert sein ? Bei der derzeitigen Ertragskraft reichen 200-300 Mio. auch...eher weniger.
Du machst es mit den swingtrades schon richtig. Ich will auch......ich komme nur leider nicht rein, weil ich bei den lows immer denke "ach komm, einer geht noch".
Du machst es mit den swingtrades schon richtig. Ich will auch...
...ich komme nur leider nicht rein, weil ich bei den lows immer denke "ach komm, einer geht noch".
Sandstorm Gold Provides Corporate Update
VANCOUVER, April 2, 2015 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) is pleased to provide a progress update at various projects underlying the Company's streams and royalties.
SilverCrest Mines Renews 8 Year Mine Life at Santa Elena
SilverCrest Mines Inc. ("SilverCrest") has filed a Pre-Feasibility Study and Open Pit Resource Update, showing 8 years of silver and gold production at the Santa Elena mine in Mexico ("Santa Elena"). The resource update highlights a minimal decrease of overall Probable Reserves even after mining depletion that has occurred and decreased metal price assumptions (cut-off grade analysis).
Sandstorm is entitled to purchase 20% of the gold produced at Sanra Elena at a per ounce price of $350. When Sandstorm's attributable production from Santa Elena reaches 50,000 ounces of gold, the on-going per ounce payments will increase to US$450.
For more information on the SilverCrest update, visit www.silvercrestmines.com and see the press release dated March 31, 2015.
Primero Continues Exploration & Development at Black Fox
Primero Mining Corp. ("Primero") recently announced a 2015 exploration budget of US$12.3 million for the Black Fox Complex in Ontario, Canada ("Black Fox"). Exploration activities will include 105,000 metres of diamond drilling, with a focus to delineate the Upper Central zone, which has had limited drilling historically, infill the mineralization between the current 520 metre level and the identified mineralization to a depth of 800 metres, test the depth potential to 1,000 meters and further explore the Lower East zone. Exploration drifting will include a fifth drill bay on the 520 metre level exploration drift. This drift was designed so underground drilling could test for the extension of the mine at depth across the strike length of the property. Primero will continue to explore for potential east and west extensions of the Black Fox open-pit, currently expected to deplete in September 2015. Drilling results in 2014 from surface identified the Tamarack Gold zone, east of the current open-pit, and the 2015 drilling program will continue to infill this area. In addition, Primero released a comprehensive 2014 exploration summary for Black Fox as well as a year-end mineral reserves and mineral resources. For more information, visit the Primero website at www.primeromining.com and see press releases dated February 23, 2015 and March 18, 2015.
Primero has forecasted 75,000 to 85,000 ounces of gold production in 2015 from Black Fox, of which Sandstorm is entitled to purchase 8% at $518 per ounce.
Metanor Closes Equity Financing, Terms Out Convertible Debentures
Metanor Resources Inc. ("Metanor") recently announced the completion of a CAD$3 million private placement, of which CAD$1 million was used to repay a portion of its convertible debentures (CAD$9 million in principal remains outstanding). In addition, Metanor was able to extend the maturity date on the debentures by 24 months to August 22, 2017. The capital raise and maturity extension put Metanor in a better financial position as they continue to produce gold from the Bachelor Lake mine in Quebec ("Bachelor Lake"). Sandstorm has a gold stream to purchase 20% of the gold production at Bachelor Lake for US$500 per ounce.
For more information on Metanor and to see recent exploration results, visit the company website at www.metanor.ca.
Luna Gold Works Toward Refinancing, Redevelopment of Aurizona
Upon achievement of a successful refinancing and repayment of its financial obligations, Luna Gold Corp. ("Luna") intends to commence the redesign and redevelopment of the Aurizona project in Brazil ("Aurizona"). The redevelopment goal is to design and construct a crushing and grinding circuit to handle all the ore types which remain within the Aurizona resource. The expected capital requirements to implement this process plant facility are being reviewed and will be presented in an updated NI 43-101 technical report in due course.
In Q3 2015, Luna's exploration group plans to start exploration for additional ore resources within the nearby pit area and within the existing pit. The goal of this exploration program will be to provide greater confidence on the grade and material properties of the resources and also provide higher levels of confidence in these resources for the engineering designs. Additionally, Luna is contemplating to commence a 2.1 metre raise of the tailings dam facility. This tailings dam raise will provide greater flexibility to the mine operations group because of the larger water containing capacity and will also allow for the quicker restart of the mine.
For more information, visit the Luna website at www.lunagold.com.
True Gold Expects Gold Production within 10 Months of Project Re-commencement
Since True Gold Mining Inc. ("True Gold") temporarily suspended operations at its Karma project in Burkina Faso ("Karma") earlier in 2015, True Gold has engaged in productive discussions with leaders from government, traditional authorities, religious groups, and local businesses in order to ensure strong ties with all of its stakeholders. True Gold has been able to limit capital expenditures during the shutdown and remains fully funded to production with approximately US$40 million in cash on hand, US$42 million available from the Franco Nevada Corp. and Sandstorm financing package, which includes an option to draw up to an additional US$20 million. For more information visit the True Gold website at www.truegoldmining.com.
Sandstorm has a gold stream agreement to purchase 25,000 ounces of gold over five years and 1.625% of the gold produced thereafter from the Karma Project. Sandstorm will make ongoing payments of 20% of the spot price of gold for each ounce purchased from True Gold.
Canadian Zinc Provides Resource Update at Prairie Creek Mine
Canadian Zinc Corporation ("Canadian Zinc") recently reported an update of the Mineral Resources at its Prairie Creek zinc, lead, silver mine located in the Northwest Territories, Canada ("Prairie Creek"). Total Measured and Indicated Mineral Resource tonnages increased by 21% and total Inferred Resource tonnages increased by 13%. Sandstorm has a 1.2% net smelter return royalty on Prairie Creek and a right of first refusal on any future stream and royalty financings.
For more information, visit the Canadian Zinc website at www.canadianzinc.com and see the press release dated March 26, 2015.
Gold Royalties Acquisition Expected to Close in April
Gold Royalties has distributed the Management Information Circular for the Special Meeting of Shareholders related to the proposed arrangement with Sandstorm under which Sandstorm will acquire all of the issued and outstanding common shares of Gold Royalties. The meeting will be held on April 23, 2015 and the arrangement is expected to become effective on or about April 27, 2015.
VANCOUVER, April 2, 2015 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) is pleased to provide a progress update at various projects underlying the Company's streams and royalties.
SilverCrest Mines Renews 8 Year Mine Life at Santa Elena
SilverCrest Mines Inc. ("SilverCrest") has filed a Pre-Feasibility Study and Open Pit Resource Update, showing 8 years of silver and gold production at the Santa Elena mine in Mexico ("Santa Elena"). The resource update highlights a minimal decrease of overall Probable Reserves even after mining depletion that has occurred and decreased metal price assumptions (cut-off grade analysis).
Sandstorm is entitled to purchase 20% of the gold produced at Sanra Elena at a per ounce price of $350. When Sandstorm's attributable production from Santa Elena reaches 50,000 ounces of gold, the on-going per ounce payments will increase to US$450.
For more information on the SilverCrest update, visit www.silvercrestmines.com and see the press release dated March 31, 2015.
Primero Continues Exploration & Development at Black Fox
Primero Mining Corp. ("Primero") recently announced a 2015 exploration budget of US$12.3 million for the Black Fox Complex in Ontario, Canada ("Black Fox"). Exploration activities will include 105,000 metres of diamond drilling, with a focus to delineate the Upper Central zone, which has had limited drilling historically, infill the mineralization between the current 520 metre level and the identified mineralization to a depth of 800 metres, test the depth potential to 1,000 meters and further explore the Lower East zone. Exploration drifting will include a fifth drill bay on the 520 metre level exploration drift. This drift was designed so underground drilling could test for the extension of the mine at depth across the strike length of the property. Primero will continue to explore for potential east and west extensions of the Black Fox open-pit, currently expected to deplete in September 2015. Drilling results in 2014 from surface identified the Tamarack Gold zone, east of the current open-pit, and the 2015 drilling program will continue to infill this area. In addition, Primero released a comprehensive 2014 exploration summary for Black Fox as well as a year-end mineral reserves and mineral resources. For more information, visit the Primero website at www.primeromining.com and see press releases dated February 23, 2015 and March 18, 2015.
Primero has forecasted 75,000 to 85,000 ounces of gold production in 2015 from Black Fox, of which Sandstorm is entitled to purchase 8% at $518 per ounce.
Metanor Closes Equity Financing, Terms Out Convertible Debentures
Metanor Resources Inc. ("Metanor") recently announced the completion of a CAD$3 million private placement, of which CAD$1 million was used to repay a portion of its convertible debentures (CAD$9 million in principal remains outstanding). In addition, Metanor was able to extend the maturity date on the debentures by 24 months to August 22, 2017. The capital raise and maturity extension put Metanor in a better financial position as they continue to produce gold from the Bachelor Lake mine in Quebec ("Bachelor Lake"). Sandstorm has a gold stream to purchase 20% of the gold production at Bachelor Lake for US$500 per ounce.
For more information on Metanor and to see recent exploration results, visit the company website at www.metanor.ca.
Luna Gold Works Toward Refinancing, Redevelopment of Aurizona
Upon achievement of a successful refinancing and repayment of its financial obligations, Luna Gold Corp. ("Luna") intends to commence the redesign and redevelopment of the Aurizona project in Brazil ("Aurizona"). The redevelopment goal is to design and construct a crushing and grinding circuit to handle all the ore types which remain within the Aurizona resource. The expected capital requirements to implement this process plant facility are being reviewed and will be presented in an updated NI 43-101 technical report in due course.
In Q3 2015, Luna's exploration group plans to start exploration for additional ore resources within the nearby pit area and within the existing pit. The goal of this exploration program will be to provide greater confidence on the grade and material properties of the resources and also provide higher levels of confidence in these resources for the engineering designs. Additionally, Luna is contemplating to commence a 2.1 metre raise of the tailings dam facility. This tailings dam raise will provide greater flexibility to the mine operations group because of the larger water containing capacity and will also allow for the quicker restart of the mine.
For more information, visit the Luna website at www.lunagold.com.
True Gold Expects Gold Production within 10 Months of Project Re-commencement
Since True Gold Mining Inc. ("True Gold") temporarily suspended operations at its Karma project in Burkina Faso ("Karma") earlier in 2015, True Gold has engaged in productive discussions with leaders from government, traditional authorities, religious groups, and local businesses in order to ensure strong ties with all of its stakeholders. True Gold has been able to limit capital expenditures during the shutdown and remains fully funded to production with approximately US$40 million in cash on hand, US$42 million available from the Franco Nevada Corp. and Sandstorm financing package, which includes an option to draw up to an additional US$20 million. For more information visit the True Gold website at www.truegoldmining.com.
Sandstorm has a gold stream agreement to purchase 25,000 ounces of gold over five years and 1.625% of the gold produced thereafter from the Karma Project. Sandstorm will make ongoing payments of 20% of the spot price of gold for each ounce purchased from True Gold.
Canadian Zinc Provides Resource Update at Prairie Creek Mine
Canadian Zinc Corporation ("Canadian Zinc") recently reported an update of the Mineral Resources at its Prairie Creek zinc, lead, silver mine located in the Northwest Territories, Canada ("Prairie Creek"). Total Measured and Indicated Mineral Resource tonnages increased by 21% and total Inferred Resource tonnages increased by 13%. Sandstorm has a 1.2% net smelter return royalty on Prairie Creek and a right of first refusal on any future stream and royalty financings.
For more information, visit the Canadian Zinc website at www.canadianzinc.com and see the press release dated March 26, 2015.
Gold Royalties Acquisition Expected to Close in April
Gold Royalties has distributed the Management Information Circular for the Special Meeting of Shareholders related to the proposed arrangement with Sandstorm under which Sandstorm will acquire all of the issued and outstanding common shares of Gold Royalties. The meeting will be held on April 23, 2015 and the arrangement is expected to become effective on or about April 27, 2015.
Dazu heute noch big news aus der Mongolei. Der Staat und rio tinto hat wohl eine Einigung über den weiteren Werdegang von oyoi tolgoi oder wie die Mine heist erreicht. Details sind noch zu klären und werden bald veröffentlicht. Entree Gold hat heute in der Spitze 50% zugelegt. Falls die Bude dann wirklich mal in ein paar Jahren steht ist das mit Abstand größte Stream im Portfolio.
so, nach 2 wochen hat sich entree gold jetzt verdreifacht.
silvercrest vermeldet record production in Q1 und metanor hat sich auch wieder gefangen.
sieht gut aus
silvercrest vermeldet record production in Q1 und metanor hat sich auch wieder gefangen.
sieht gut aus
Q1- Zahlen am 05.Mai 2015.
Sandstorm Gold Announces First Quarter Results
VANCOUVER, May 5, 2015 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) has released its results for the first quarter ended March 31, 2015 (all figures in U.S. dollars).
— FIRST QUARTER HIGHLIGHTS
Record Attributable Gold Equivalent ounces sold1 of 12,460;
Revenue of $15.3 million;
Average cash cost per Attributable Gold Equivalent ounce1 of $323 resulting in cash operating margins1 of $904 per ounce;
Operating cash flow of $8.1 million;
Net income of $0.8 million;
Entered into 10 royalty agreements on properties located in Africa and the USA, which include a 0.45% net smelter return royalty on Orezone Gold Corp.'s Bomboré gold project located in Burkina Faso;
Announced an agreement to restructure its Aurizona Gold Stream and its outstanding loan with Luna Gold Corp. ("Luna");
Acquired a 1% gross proceeds royalty over property in Lac de Gras in the Northwest Territories, Canada, including property constituting the Diavik Diamond Mine ("Diavik") operated by Rio Tinto plc. ("Rio Tinto"); and,
Subsequent to quarter end, acquired 100% of the outstanding common shares of Gold Royalties Corporation ("Gold Royalties"). Gold Royalties had approximately C$2 million in cash and a portfolio of royalties on 12 mining projects located in Canada, including one royalty that is generating cash flow from gold production.
Sandstorm President & CEO Nolan Watson commented, "There has been a lot of activity to start the year including the addition of 24 new royalties to our portfolio. Our focus is to grow and diversify by acquiring assets that will generate cash flow in the near-term, while continuing to allocate small amounts of capital to royalties with high-optionality value."
— FINANCIAL RESULTS
Revenue and Gold Sales
Revenue was $15.3 million in the first quarter of 2015, generated from the sale of 12,460 Attributable Gold Equivalent ounces at an average realized selling price of $1,227 per ounce. Compared to the first quarter of 2014, revenue was the same, Attributable Gold Equivalent ounces sold was 4% higher and the average realized selling price of gold was 4% lower.
Costs and Expenses
The average cash cost per attributable ounce was $323 during the quarter, resulting in a cash operating margin of $904, compared to $355 and $923 respectively for the first quarter of 2014. Administrative expenses before share based compensation were 5% higher than the first quarter of last year due to an increase in corporate activity.
Earnings and Operating Cash Flow
When comparing this year's net income of $0.8 million and cash flow from operations of $8.1 million to the net income and cash flow from operations of $3.8 million and $7.0 million for the comparable period in 2014, the change is attributable to a combination of factors including a $2.7 million increase in depletion expense, a $0.3 million increase in administration expenses, a $0.2 million increase in project evaluation costs and a foreign exchange gain of $1.9 million.
Balance Sheet
Total assets decreased by $5.9 million from December 31, 2014 to March 31, 2015 primarily as a result of depletion expense and a decline in the fair value of investments, partially offset by operating cash flows.
— STREAMS AND ROYALTIES
The Company's stream and royalty segments for the three months ended March 31, 2015 are summarized in the table below:
Attributable Gold Equivalent ounces sold for the three months ended March 31, 2015 was 12,460 ounces compared with 11,966 ounces for the comparable period in 2014. The ounces sold during the 2015 quarter represented a 4% increase from 2014, and a record for the Company. The increase in ounces was largely attributable to increases in gold ounces sold from the Santa Elena Mine in Mexico ("Santa Elena") and Black Fox Mine in Ontario, Canada ("Black Fox") and the addition of the recently acquired royalty on the Diavik mine in the Northwest Territories, Canada. These gains were offset by decreases in gold ounces sold from the Bachelor Lake Mine in Quebec, Canada ("Bachelor Lake") and the Aurizona Mine in Brazil ("Aurizona").
Santa Elena Mine
SilverCrest Mines Inc. ("SilverCrest") completed their transition from a heap leach operation to a conventional mill at Santa Elena during 2014. SilverCrest is currently producing from both open-pit and underground operations at Santa Elena and posted record production from the property during the first quarter of 2015 due to improvements in the mining of underground stopes. This led to a 45% increase in Sandstorm's gold ounces sold from Santa Elena when compared to the first quarter of 2014. SilverCrest recently filed a pre-feasibility study and resource update, showing 8 years of silver and gold production at Santa Elena.
Sandstorm has a gold stream to purchase 20% of the gold produced at Santa Elena at a per ounce price of $354. When Sandstorm's attributable production from Santa Elena reaches 50,000 ounces of gold, the on-going per ounce payments will increase to US$450.
Black Fox Mine
Primero Mining Corp. ("Primero") is producing gold from both open pit and underground operations at Black Fox, feeding the 2,200 tonne-per-day mill. Sandstorm's gold ounces sold from Black Fox increased by 28% compared to the first quarter of 2014, primarily driven by the ramping up of operations. Primero intends on producing predominantly from the open-pit until the middle of 2015 when production from the underground mine is expected to increase to approximately 1,000 tonnes of ore per day. The open-pit mining is expected to be completed by September 2015. Primero recently announced a 2015 exploration budget of $12.3 million for Black Fox.
Sandstorm has a gold stream to purchase 8% of the life of mine gold produced from Black Fox and 6.3% of the life of mine gold produced from the Black Fox Extension, which includes a portion of Primero's Pike River concessions, at a per ounce price of $518.
Diavik Mine
Sandstorm's most recent royalty acquisition was the 1% gross proceeds royalty based on the production from the Diavik mine located in Lac de Gras, Northwest Territories, Canada. The 1% royalty contributed 1,223 Attributable Gold Equivalent ounces to Sandstorm during the quarter.
The Diavik mine is Canada's largest diamond mine. The mine began producing diamonds in January 2003, and has since produced more than 90 million carats from three kimberlite pipes (A154 South, A154 North, and A418). Rio Tinto recently approved the development of open pit mining from a fourth pipe (A21) which is targeted for production in 2018. The kimberlite pipes at Diavik are high-grade in nature, making it one of the most profitable diamond mines in the world. Rio Tinto recently released an updated reserves and resources statement for Diavik, adding an additional 3.9 million tonnes containing approximately 13 million carats to the mineral reserves.
Bachelor Lake Mine
Compared to the first quarter of 2014, there was a 26% decrease in gold ounces sold from Bachelor Lake, primarily related to the mine experiencing lower feed grade largely driven by higher than expected dilution from three specific stopes. These three stopes were adjacent to openings already mined and because these old workplaces were outside of the mineralized structure, when the stopes were blasted some of the non-mineralized sections associated with the old workings fell and contaminated the ore grade. Metanor considers this occurrence to be isolated and expects grades to increase in the second quarter of 2015.
Metanor recently announced the completion of a CAD$3 million private placement, of which CAD$1 million was used to repay a portion of its convertible debentures (CAD$9 million in principal remains outstanding). In addition, Metanor was able to extend the maturity date on the debentures by 24 months to August 22, 2017. The capital raise and maturity extension put Metanor in a better financial position as they continue to produce gold from Bachelor Lake.
Sandstorm has a gold stream to purchase 20% of the gold production at Bachelor Lake for US$500 per ounce.
Aurizona Mine
Gold ounces sold from the Aurizona mine was 22% lower when compared to the first quarter of 2014. Luna recently suspended mining operations at Aurizona and began processing ore from a stockpile. Once the stockpile has been depleted it is expected that Luna will cease mining operations for the remainder of 2015. Given Luna's current financial situation, it will likely need additional capital to continue its mining operations, meet its financial obligations and remain solvent. There can be no assurances that Luna will have access to the capital necessary to meet these requirements.
— OUTLOOK
Based on the Company's existing gold streams and royalties, production for 2015 is forecasted to be between 40,000 to 50,000 Attributable Gold Equivalent ounces. The Company is forecasting Attributable Gold Equivalent production of approximately 50,000 ounces per annum beginning in 2018.
— WEBCAST AND CONFERENCE CALL DETAILS
A conference call will be held on May 6, 2015 starting at 8:30am PDT to further discuss the first quarter results. To participate in the conference call, use the following dial-in numbers and conference ID:
Local/International: 647-788-4916
North American Toll-Free: 877-214-4966
Conference ID: 35832963
http://www.sandstormgold.com/_resources/financials/2015/SSL-…
VANCOUVER, May 5, 2015 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) has released its results for the first quarter ended March 31, 2015 (all figures in U.S. dollars).
— FIRST QUARTER HIGHLIGHTS
Record Attributable Gold Equivalent ounces sold1 of 12,460;
Revenue of $15.3 million;
Average cash cost per Attributable Gold Equivalent ounce1 of $323 resulting in cash operating margins1 of $904 per ounce;
Operating cash flow of $8.1 million;
Net income of $0.8 million;
Entered into 10 royalty agreements on properties located in Africa and the USA, which include a 0.45% net smelter return royalty on Orezone Gold Corp.'s Bomboré gold project located in Burkina Faso;
Announced an agreement to restructure its Aurizona Gold Stream and its outstanding loan with Luna Gold Corp. ("Luna");
Acquired a 1% gross proceeds royalty over property in Lac de Gras in the Northwest Territories, Canada, including property constituting the Diavik Diamond Mine ("Diavik") operated by Rio Tinto plc. ("Rio Tinto"); and,
Subsequent to quarter end, acquired 100% of the outstanding common shares of Gold Royalties Corporation ("Gold Royalties"). Gold Royalties had approximately C$2 million in cash and a portfolio of royalties on 12 mining projects located in Canada, including one royalty that is generating cash flow from gold production.
Sandstorm President & CEO Nolan Watson commented, "There has been a lot of activity to start the year including the addition of 24 new royalties to our portfolio. Our focus is to grow and diversify by acquiring assets that will generate cash flow in the near-term, while continuing to allocate small amounts of capital to royalties with high-optionality value."
— FINANCIAL RESULTS
Revenue and Gold Sales
Revenue was $15.3 million in the first quarter of 2015, generated from the sale of 12,460 Attributable Gold Equivalent ounces at an average realized selling price of $1,227 per ounce. Compared to the first quarter of 2014, revenue was the same, Attributable Gold Equivalent ounces sold was 4% higher and the average realized selling price of gold was 4% lower.
Costs and Expenses
The average cash cost per attributable ounce was $323 during the quarter, resulting in a cash operating margin of $904, compared to $355 and $923 respectively for the first quarter of 2014. Administrative expenses before share based compensation were 5% higher than the first quarter of last year due to an increase in corporate activity.
Earnings and Operating Cash Flow
When comparing this year's net income of $0.8 million and cash flow from operations of $8.1 million to the net income and cash flow from operations of $3.8 million and $7.0 million for the comparable period in 2014, the change is attributable to a combination of factors including a $2.7 million increase in depletion expense, a $0.3 million increase in administration expenses, a $0.2 million increase in project evaluation costs and a foreign exchange gain of $1.9 million.
Balance Sheet
Total assets decreased by $5.9 million from December 31, 2014 to March 31, 2015 primarily as a result of depletion expense and a decline in the fair value of investments, partially offset by operating cash flows.
— STREAMS AND ROYALTIES
The Company's stream and royalty segments for the three months ended March 31, 2015 are summarized in the table below:
Attributable Gold Equivalent ounces sold for the three months ended March 31, 2015 was 12,460 ounces compared with 11,966 ounces for the comparable period in 2014. The ounces sold during the 2015 quarter represented a 4% increase from 2014, and a record for the Company. The increase in ounces was largely attributable to increases in gold ounces sold from the Santa Elena Mine in Mexico ("Santa Elena") and Black Fox Mine in Ontario, Canada ("Black Fox") and the addition of the recently acquired royalty on the Diavik mine in the Northwest Territories, Canada. These gains were offset by decreases in gold ounces sold from the Bachelor Lake Mine in Quebec, Canada ("Bachelor Lake") and the Aurizona Mine in Brazil ("Aurizona").
Santa Elena Mine
SilverCrest Mines Inc. ("SilverCrest") completed their transition from a heap leach operation to a conventional mill at Santa Elena during 2014. SilverCrest is currently producing from both open-pit and underground operations at Santa Elena and posted record production from the property during the first quarter of 2015 due to improvements in the mining of underground stopes. This led to a 45% increase in Sandstorm's gold ounces sold from Santa Elena when compared to the first quarter of 2014. SilverCrest recently filed a pre-feasibility study and resource update, showing 8 years of silver and gold production at Santa Elena.
Sandstorm has a gold stream to purchase 20% of the gold produced at Santa Elena at a per ounce price of $354. When Sandstorm's attributable production from Santa Elena reaches 50,000 ounces of gold, the on-going per ounce payments will increase to US$450.
Black Fox Mine
Primero Mining Corp. ("Primero") is producing gold from both open pit and underground operations at Black Fox, feeding the 2,200 tonne-per-day mill. Sandstorm's gold ounces sold from Black Fox increased by 28% compared to the first quarter of 2014, primarily driven by the ramping up of operations. Primero intends on producing predominantly from the open-pit until the middle of 2015 when production from the underground mine is expected to increase to approximately 1,000 tonnes of ore per day. The open-pit mining is expected to be completed by September 2015. Primero recently announced a 2015 exploration budget of $12.3 million for Black Fox.
Sandstorm has a gold stream to purchase 8% of the life of mine gold produced from Black Fox and 6.3% of the life of mine gold produced from the Black Fox Extension, which includes a portion of Primero's Pike River concessions, at a per ounce price of $518.
Diavik Mine
Sandstorm's most recent royalty acquisition was the 1% gross proceeds royalty based on the production from the Diavik mine located in Lac de Gras, Northwest Territories, Canada. The 1% royalty contributed 1,223 Attributable Gold Equivalent ounces to Sandstorm during the quarter.
The Diavik mine is Canada's largest diamond mine. The mine began producing diamonds in January 2003, and has since produced more than 90 million carats from three kimberlite pipes (A154 South, A154 North, and A418). Rio Tinto recently approved the development of open pit mining from a fourth pipe (A21) which is targeted for production in 2018. The kimberlite pipes at Diavik are high-grade in nature, making it one of the most profitable diamond mines in the world. Rio Tinto recently released an updated reserves and resources statement for Diavik, adding an additional 3.9 million tonnes containing approximately 13 million carats to the mineral reserves.
Bachelor Lake Mine
Compared to the first quarter of 2014, there was a 26% decrease in gold ounces sold from Bachelor Lake, primarily related to the mine experiencing lower feed grade largely driven by higher than expected dilution from three specific stopes. These three stopes were adjacent to openings already mined and because these old workplaces were outside of the mineralized structure, when the stopes were blasted some of the non-mineralized sections associated with the old workings fell and contaminated the ore grade. Metanor considers this occurrence to be isolated and expects grades to increase in the second quarter of 2015.
Metanor recently announced the completion of a CAD$3 million private placement, of which CAD$1 million was used to repay a portion of its convertible debentures (CAD$9 million in principal remains outstanding). In addition, Metanor was able to extend the maturity date on the debentures by 24 months to August 22, 2017. The capital raise and maturity extension put Metanor in a better financial position as they continue to produce gold from Bachelor Lake.
Sandstorm has a gold stream to purchase 20% of the gold production at Bachelor Lake for US$500 per ounce.
Aurizona Mine
Gold ounces sold from the Aurizona mine was 22% lower when compared to the first quarter of 2014. Luna recently suspended mining operations at Aurizona and began processing ore from a stockpile. Once the stockpile has been depleted it is expected that Luna will cease mining operations for the remainder of 2015. Given Luna's current financial situation, it will likely need additional capital to continue its mining operations, meet its financial obligations and remain solvent. There can be no assurances that Luna will have access to the capital necessary to meet these requirements.
— OUTLOOK
Based on the Company's existing gold streams and royalties, production for 2015 is forecasted to be between 40,000 to 50,000 Attributable Gold Equivalent ounces. The Company is forecasting Attributable Gold Equivalent production of approximately 50,000 ounces per annum beginning in 2018.
— WEBCAST AND CONFERENCE CALL DETAILS
A conference call will be held on May 6, 2015 starting at 8:30am PDT to further discuss the first quarter results. To participate in the conference call, use the following dial-in numbers and conference ID:
Local/International: 647-788-4916
North American Toll-Free: 877-214-4966
Conference ID: 35832963
http://www.sandstormgold.com/_resources/financials/2015/SSL-…
Sandstorm Gold's (SAND) CEO Nolan Watson on Q1 2015 Results - Earnings Call Transcript $SAND
http://www.seekingalpha.com/article/3149216
http://www.seekingalpha.com/article/3149216
. . . going to the moon . . . ;-)
LUNA-News:
http://finance.yahoo.com/news/sandstorm-gold-announces-luna-…
LUNA-News:
http://finance.yahoo.com/news/sandstorm-gold-announces-luna-…
wichtig...deshalb wars zum conference call auch so ruhig.
Pacific Ridge Receives $US500,000 From Sandstorm Gold for Royalty Package
VANCOUVER, BRITISH COLUMBIA, Jun 17, 2015 (Marketwired via COMTEX) -- Pacific Ridge Exploration Ltd. (PEX) ("Pacific Ridge" or the "Company") reports that it has received a payment of $US500,000 from Sandstorm Gold Ltd. (SSL)(nyse mkt:SAND) ("Sandstorm") in consideration for the sale of a selected package of mineral royalties. This royalty package includes a 1.65% Net Smelter Return (NSR) held by the Company on the Spectrum gold property, located in northwestern BC and owned by Skeena Resources Ltd., and a 1% NSR on Pacific Ridge's Eureka Dome and Gold Cap properties located in the Yukon's White Gold District. Also as part of the package, Pacific Ridge will transfer to Sandstorm its right to buy-down royalties on its Mariposa and Sophie properties.
These transactions provide an immediate and non-dilutive means for Pacific Ridge to strengthen its treasury. The proceeds will be added to the Company's working capital and will be utilized for the evaluation and possible acquisition of new mineral project opportunities.
The Company also announces that it is terminating its option on the King Solomon and Polar-Stewart properties.
VANCOUVER, BRITISH COLUMBIA, Jun 17, 2015 (Marketwired via COMTEX) -- Pacific Ridge Exploration Ltd. (PEX) ("Pacific Ridge" or the "Company") reports that it has received a payment of $US500,000 from Sandstorm Gold Ltd. (SSL)(nyse mkt:SAND) ("Sandstorm") in consideration for the sale of a selected package of mineral royalties. This royalty package includes a 1.65% Net Smelter Return (NSR) held by the Company on the Spectrum gold property, located in northwestern BC and owned by Skeena Resources Ltd., and a 1% NSR on Pacific Ridge's Eureka Dome and Gold Cap properties located in the Yukon's White Gold District. Also as part of the package, Pacific Ridge will transfer to Sandstorm its right to buy-down royalties on its Mariposa and Sophie properties.
These transactions provide an immediate and non-dilutive means for Pacific Ridge to strengthen its treasury. The proceeds will be added to the Company's working capital and will be utilized for the evaluation and possible acquisition of new mineral project opportunities.
The Company also announces that it is terminating its option on the King Solomon and Polar-Stewart properties.
Luna Gold Announces Closing of Restructuring and Financing
VANCOUVER, BC--(Marketwired - June 30, 2015) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES
Luna Gold Corp. (TSX: LGC) (LMA: LGC) (OTCQX: LGCUF) ("Luna" or the "Company") is pleased to announce today that it has closed the previously announced $30 million financing with Pacific Road Resources Funds ("Pacific Road"), restructured its existing gold steam and debt facility with Sandstorm Gold Ltd. ("Sandstorm"), and raised an additional $2.47 million of equity financing (collectively, the "Luna Restructuring"). Concurrently with closing of the Luna Restructuring, the Company has repaid and settled its existing debt facility with Société Générale (Canada Branch) and Mizuho Corporate Bank.
The Company expects to use the remainder of the proceeds from the Luna Restructuring: (i) to commence an infill drilling program, prepare engineering studies and submit updated permits at Aurizona; and (ii) for general working capital and corporate purposes.
Highlights
With a restructured gold stream and recapitalized balance sheet, Luna will be in a position to undertake a work program that will have the ultimate goal of restarting operations at the Aurizona gold mine ("Aurizona"). The proposed 18-month work program will involve significant infill drilling, updating the geological model, calculating a new resource estimate, formulating a new, optimized mine plan, producing an updated prefeasibility study incorporating an upgraded crush and grind circuit and continuing the on-going licensing and permitting process to ultimately secure all the needed permits to restart Aurizona. The work program has a particular focus on continuing to build capacity in the local community, with the continuation of skills training programs and the launch of new initiatives to encourage agricultural entrepreneurship in the communities surrounding Aurizona.
Pacific Road Financing Terms
Senior Secured Note
Pacific Road has provided Luna with a $20 million senior secured loan evidenced by a note bearing interest at a rate of 10% per annum (the "Note"), payable quarterly in arrears in cash or shares at Pacific Road's election. The Note is secured by first-ranking liens and encumbrances and will mature on June 30, 2020. If Luna were to default on the Note the interest rate would increase to 15% per annum. All outstanding amounts, including remaining principal and accrued interest, will be payable at maturity. Luna has also agreed to provide Pacific Road with 200 million class B common share purchase warrants, exercisable for a term of 5 years at C$0.10 (the "Class B Warrants"). Pacific Road has the right to apply principal of the Note in payment of the exercise price of the Class B Warrants.
Private Placement
Pacific Road also acquired 100 million units in the capital of Luna ("Units") at a price of $0.10 per Unit in a non-brokered private placement (the "Private Placement") for a purchase price of $10 million. Each Unit consists of one common share and one class A common share purchase warrant (each, a "Class A Warrant"). The Class A Warrants have an exercise price of $0.125 per Luna common share and are exercisable for a term of 5 years. Sandstorm also participated in the Private Placement by subscribing for 24.7 million Units at a purchase price of $2.47 million.
On closing, Pacific Road received a fee equal to 4% of the principal amount of the Note and 2% of the gross proceeds from Pacific Road's subscription to the Private Placement.
Sandstorm Gold Stream Restructuring
Sandstorm's 17% gold stream (the "Gold Stream") on Luna's Aurizona project, has been replaced by two net smelter return royalties ("NSR") (the "Aurizona Project NSR" and the "Greenfields NSR") and a convertible debenture. The Aurizona Project NSR covers the entire Aurizona Project, including the current 43-101 compliant Resources, and all adjacent exploration upside that is processed through the Aurizona mill net of third party refining costs. The Aurizona Project NSR pays Sandstorm a sliding scale royalty based on the price of gold as follows:
3% if the price of gold is less than or equal to US$1,500 per ounce;
4% if the price of gold is between US$1,500 per ounce and US$2,000 per ounce; and
5% if the price of gold is greater than US$2,000 per ounce.
The Greenfields NSR covers the approximately 200,000 hectares of exploration ground held by Luna and is a 2% NSR. Luna has the right to purchase one-half of the Greenfields NSR for US$10 million at any time prior to achieving commercial production.
Sandstorm also received a US$30 million debenture with interest at a rate of 5% per annum ("Debenture"). The Debenture will be payable in three equal annual tranches of US$10 million plus accrued interest beginning June 30, 2018. Luna has the right to convert principal and interest owing under the Debenture into common shares of Luna as long as Sandstorm owns less than 20% or more of the outstanding common shares of Luna. Luna can choose to postpone the payment of any instalment until a point when the issuance of shares would not result in Sandstorm owning more than 20% of the common shares of Luna.
Further, the existing Sandstorm Debt Facility was amended so that the maturity date of the debt facility was extended from June 30, 2017 to June 30, 2021, the interest rate was revised to 5% per annum, payable in cash on the maturity date, and subject to a default rate of interest equal to 10% per annum.
Strategic Development Plan
As part of the restructuring plan, there have been changes to the composition of Luna's Board of Directors. Mr. Rob Pease, P.Geo. and Mr. Dan Wilton have been added to the Board while Mr. Wayne Kirk and Dr. Bill Lindqvist are stepping down.
Mr. Pease has more than 30 years of experience in global exploration and mine development. He was most recently President and CEO of Sabina Gold and Silver Corp. from November 2011 until his retirement in February 2015. In 2006, Mr. Pease founded Terrane Metals Corp. to develop the Mount Milligan project in BC, Canada. Terrane Metals was acquired by Thompson Creek Metals Company Inc. for $700 million in 2010. Mr. Pease is a former director and strategic advisor to Richfield Ventures Corp. that was exploring the Blackwater gold project in BC, Canada. In 2011, Richfield Ventures was acquired by New Gold Inc. for $500 million. The majority of Mr. Pease's prior career was spent at Placer Dome Inc. His last position there was GM, Canada Exploration & Global Major Projects. In 2010, the Association of Mineral Exploration BC named Mr. Pease their "BC Mining Person of the Year."
In addition to Mr. Pease, Mr. Wilton will also be joining the Board of Directors as a representative for Pacific Road. Mr. Wilton joined Pacific Road in 2013 and has more than 20 years' experience in mergers and acquisition and corporate finance in the mining industry. His transaction experience includes advising on over $10 billion in mergers and acquisition transactions and over $1 billion in corporate financings. Formerly Mr. Wilton was Managing Director and Head of Global Mining and Metals at National Bank Financial Inc., Managing Director in Business Development at General Electric and held other senior financial positions at leading financial institutions.
Marc Leduc, President and CEO, stated, "I want to thank Wayne Kirk and Bill Lindqvist for their service to Luna Gold. They have been active directors during a very difficult time in the history of Luna and their leadership has been invaluable through this transition period. I want to welcome Rob Pease and Dan Wilton to the Board of Directors of Luna. Their vast experience will help us to bridge this transition period as we move forward."
It is anticipated that additional financing will be needed for the construction and restart of the Aurizona mine because it is likely a new crushing and grinding circuit will be required to process the different types of mineralization at the Aurizona mine. The balance of the processing circuit will benefit from the significant capital spent on the Phase 1 plant upgrade, which was stopped by the Company in November 2014, having spent over $40 million on this phase one work.
The updated and revised mine plan will require amendments to some of our existing permits at Aurizona as well as other permitting activities for some off-site infrastructure. Luna will be working diligently with the relevant government authorities in Brazil to advance the permitting process. Many of the required permits will be amendments to existing permits.
Any securities issued under the transactions described in this press release will be subject to a four month hold period which will expire four months plus one day from the closing date.
VANCOUVER, BC--(Marketwired - June 30, 2015) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES
Luna Gold Corp. (TSX: LGC) (LMA: LGC) (OTCQX: LGCUF) ("Luna" or the "Company") is pleased to announce today that it has closed the previously announced $30 million financing with Pacific Road Resources Funds ("Pacific Road"), restructured its existing gold steam and debt facility with Sandstorm Gold Ltd. ("Sandstorm"), and raised an additional $2.47 million of equity financing (collectively, the "Luna Restructuring"). Concurrently with closing of the Luna Restructuring, the Company has repaid and settled its existing debt facility with Société Générale (Canada Branch) and Mizuho Corporate Bank.
The Company expects to use the remainder of the proceeds from the Luna Restructuring: (i) to commence an infill drilling program, prepare engineering studies and submit updated permits at Aurizona; and (ii) for general working capital and corporate purposes.
Highlights
With a restructured gold stream and recapitalized balance sheet, Luna will be in a position to undertake a work program that will have the ultimate goal of restarting operations at the Aurizona gold mine ("Aurizona"). The proposed 18-month work program will involve significant infill drilling, updating the geological model, calculating a new resource estimate, formulating a new, optimized mine plan, producing an updated prefeasibility study incorporating an upgraded crush and grind circuit and continuing the on-going licensing and permitting process to ultimately secure all the needed permits to restart Aurizona. The work program has a particular focus on continuing to build capacity in the local community, with the continuation of skills training programs and the launch of new initiatives to encourage agricultural entrepreneurship in the communities surrounding Aurizona.
Pacific Road Financing Terms
Senior Secured Note
Pacific Road has provided Luna with a $20 million senior secured loan evidenced by a note bearing interest at a rate of 10% per annum (the "Note"), payable quarterly in arrears in cash or shares at Pacific Road's election. The Note is secured by first-ranking liens and encumbrances and will mature on June 30, 2020. If Luna were to default on the Note the interest rate would increase to 15% per annum. All outstanding amounts, including remaining principal and accrued interest, will be payable at maturity. Luna has also agreed to provide Pacific Road with 200 million class B common share purchase warrants, exercisable for a term of 5 years at C$0.10 (the "Class B Warrants"). Pacific Road has the right to apply principal of the Note in payment of the exercise price of the Class B Warrants.
Private Placement
Pacific Road also acquired 100 million units in the capital of Luna ("Units") at a price of $0.10 per Unit in a non-brokered private placement (the "Private Placement") for a purchase price of $10 million. Each Unit consists of one common share and one class A common share purchase warrant (each, a "Class A Warrant"). The Class A Warrants have an exercise price of $0.125 per Luna common share and are exercisable for a term of 5 years. Sandstorm also participated in the Private Placement by subscribing for 24.7 million Units at a purchase price of $2.47 million.
On closing, Pacific Road received a fee equal to 4% of the principal amount of the Note and 2% of the gross proceeds from Pacific Road's subscription to the Private Placement.
Sandstorm Gold Stream Restructuring
Sandstorm's 17% gold stream (the "Gold Stream") on Luna's Aurizona project, has been replaced by two net smelter return royalties ("NSR") (the "Aurizona Project NSR" and the "Greenfields NSR") and a convertible debenture. The Aurizona Project NSR covers the entire Aurizona Project, including the current 43-101 compliant Resources, and all adjacent exploration upside that is processed through the Aurizona mill net of third party refining costs. The Aurizona Project NSR pays Sandstorm a sliding scale royalty based on the price of gold as follows:
3% if the price of gold is less than or equal to US$1,500 per ounce;
4% if the price of gold is between US$1,500 per ounce and US$2,000 per ounce; and
5% if the price of gold is greater than US$2,000 per ounce.
The Greenfields NSR covers the approximately 200,000 hectares of exploration ground held by Luna and is a 2% NSR. Luna has the right to purchase one-half of the Greenfields NSR for US$10 million at any time prior to achieving commercial production.
Sandstorm also received a US$30 million debenture with interest at a rate of 5% per annum ("Debenture"). The Debenture will be payable in three equal annual tranches of US$10 million plus accrued interest beginning June 30, 2018. Luna has the right to convert principal and interest owing under the Debenture into common shares of Luna as long as Sandstorm owns less than 20% or more of the outstanding common shares of Luna. Luna can choose to postpone the payment of any instalment until a point when the issuance of shares would not result in Sandstorm owning more than 20% of the common shares of Luna.
Further, the existing Sandstorm Debt Facility was amended so that the maturity date of the debt facility was extended from June 30, 2017 to June 30, 2021, the interest rate was revised to 5% per annum, payable in cash on the maturity date, and subject to a default rate of interest equal to 10% per annum.
Strategic Development Plan
As part of the restructuring plan, there have been changes to the composition of Luna's Board of Directors. Mr. Rob Pease, P.Geo. and Mr. Dan Wilton have been added to the Board while Mr. Wayne Kirk and Dr. Bill Lindqvist are stepping down.
Mr. Pease has more than 30 years of experience in global exploration and mine development. He was most recently President and CEO of Sabina Gold and Silver Corp. from November 2011 until his retirement in February 2015. In 2006, Mr. Pease founded Terrane Metals Corp. to develop the Mount Milligan project in BC, Canada. Terrane Metals was acquired by Thompson Creek Metals Company Inc. for $700 million in 2010. Mr. Pease is a former director and strategic advisor to Richfield Ventures Corp. that was exploring the Blackwater gold project in BC, Canada. In 2011, Richfield Ventures was acquired by New Gold Inc. for $500 million. The majority of Mr. Pease's prior career was spent at Placer Dome Inc. His last position there was GM, Canada Exploration & Global Major Projects. In 2010, the Association of Mineral Exploration BC named Mr. Pease their "BC Mining Person of the Year."
In addition to Mr. Pease, Mr. Wilton will also be joining the Board of Directors as a representative for Pacific Road. Mr. Wilton joined Pacific Road in 2013 and has more than 20 years' experience in mergers and acquisition and corporate finance in the mining industry. His transaction experience includes advising on over $10 billion in mergers and acquisition transactions and over $1 billion in corporate financings. Formerly Mr. Wilton was Managing Director and Head of Global Mining and Metals at National Bank Financial Inc., Managing Director in Business Development at General Electric and held other senior financial positions at leading financial institutions.
Marc Leduc, President and CEO, stated, "I want to thank Wayne Kirk and Bill Lindqvist for their service to Luna Gold. They have been active directors during a very difficult time in the history of Luna and their leadership has been invaluable through this transition period. I want to welcome Rob Pease and Dan Wilton to the Board of Directors of Luna. Their vast experience will help us to bridge this transition period as we move forward."
It is anticipated that additional financing will be needed for the construction and restart of the Aurizona mine because it is likely a new crushing and grinding circuit will be required to process the different types of mineralization at the Aurizona mine. The balance of the processing circuit will benefit from the significant capital spent on the Phase 1 plant upgrade, which was stopped by the Company in November 2014, having spent over $40 million on this phase one work.
The updated and revised mine plan will require amendments to some of our existing permits at Aurizona as well as other permitting activities for some off-site infrastructure. Luna will be working diligently with the relevant government authorities in Brazil to advance the permitting process. Many of the required permits will be amendments to existing permits.
Any securities issued under the transactions described in this press release will be subject to a four month hold period which will expire four months plus one day from the closing date.
Mon Jul 27, 2015
First Majestic Announces Friendly Acquisition of Silvercrest Mines
counterparty risk weiter gesunken, jetzt nur noch das sorgenkind bachelor lake irgendwie durch die krise bekommen. das wird jetzt eng
First Majestic Announces Friendly Acquisition of Silvercrest Mines
counterparty risk weiter gesunken, jetzt nur noch das sorgenkind bachelor lake irgendwie durch die krise bekommen. das wird jetzt eng
Sandstorm Gold acquires 98,121 AuRico shares
2015-07-27 16:08 ET - News Release
Mr. Nolan Watson reports
SANDSTORM GOLD FILES EARLY WARNING REPORT
Pursuant to National Instrument 62-103, the Early Warning System and Related Takeover Bid and Insider Reporting Issues, Sandstorm Gold Ltd. has purchased 98,121 common shares of AuRico Metals Inc., representing approximately 0.1 per cent of the outstanding common shares of AuRico.
Prior to the acquisition of the acquired shares, Sandstorm owned directly a total of 11,713,880 AuRico shares, which represented approximately 9.9 per cent of the issued and outstanding AuRico shares. Upon completion of the acquisition of the acquired shares, a total 11,812,001 AuRico shares are now owned directly by Sandstorm, representing approximately 10 per cent of the issued and outstanding AuRico shares.
The acquired shares were acquired by Sandstorm on the open market over the facilities of the Toronto Stock Exchange at a price of 56.79 cents per acquired share. The acquisition of the common shares by Sandstorm was effected for investment purposes. Sandstorm may, from time to time, acquire additional securities of AuRico, dispose of some or all of the existing or additional securities it holds or will hold, or may continue to hold its current position.
The early warning report, as required under NI 62-103, contains additional information with respect to the foregoing matters and will be filed by the company on AuRico's SEDAR profile.
Das riecht nach Übernahme der neuen SpinCo nach der Merger. 3 produzierende Royalties, ein vierter wird sicherlich auf Kemess installiert werden, das Asset verkauft oder ebenfalls in eine neue Firma ausgegliedert werden und danach werden die restlichen Anteile von Alamos wieder verkauft.
2015-07-27 16:08 ET - News Release
Mr. Nolan Watson reports
SANDSTORM GOLD FILES EARLY WARNING REPORT
Pursuant to National Instrument 62-103, the Early Warning System and Related Takeover Bid and Insider Reporting Issues, Sandstorm Gold Ltd. has purchased 98,121 common shares of AuRico Metals Inc., representing approximately 0.1 per cent of the outstanding common shares of AuRico.
Prior to the acquisition of the acquired shares, Sandstorm owned directly a total of 11,713,880 AuRico shares, which represented approximately 9.9 per cent of the issued and outstanding AuRico shares. Upon completion of the acquisition of the acquired shares, a total 11,812,001 AuRico shares are now owned directly by Sandstorm, representing approximately 10 per cent of the issued and outstanding AuRico shares.
The acquired shares were acquired by Sandstorm on the open market over the facilities of the Toronto Stock Exchange at a price of 56.79 cents per acquired share. The acquisition of the common shares by Sandstorm was effected for investment purposes. Sandstorm may, from time to time, acquire additional securities of AuRico, dispose of some or all of the existing or additional securities it holds or will hold, or may continue to hold its current position.
The early warning report, as required under NI 62-103, contains additional information with respect to the foregoing matters and will be filed by the company on AuRico's SEDAR profile.
Das riecht nach Übernahme der neuen SpinCo nach der Merger. 3 produzierende Royalties, ein vierter wird sicherlich auf Kemess installiert werden, das Asset verkauft oder ebenfalls in eine neue Firma ausgegliedert werden und danach werden die restlichen Anteile von Alamos wieder verkauft.
Fehler vom Amt, das ist schon die SpinCo
Sandstorm Gold Announces Record Production in Second Quarter
Vancouver, British Columbia | July 30, 2015
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) has released its results for the second quarter ended June 30, 2015 (all figures in U.S. dollars).
— SECOND quarter Highlights
Record Attributable Gold Equivalent ounces sold1 of 12,901;
Revenue of $15.4 million;
Average cash cost per Attributable Gold Equivalent ounce1 of $304 resulting in cash operating margins1 of $892 per ounce;
Operating cash flow of $9.5 million;
Net loss of $13.5 million;
Announced the closing of the restructuring of the Aurizona Gold Stream and its outstanding loan with Luna Gold Corp. (“Luna”); and
Announced the closing of the acquisition of Gold Royalties Corporation (“Gold Royalties”). Gold Royalties has over $1 million in cash and a portfolio of royalties on 12 mining projects located in Canada, including one royalty that is generating cash flow from gold production.
Sandstorm President & CEO Nolan Watson commented, “The second quarter delivered solid operating cash flow to the company driven by record gold sales from our 14 producing royalty and stream assets. With over $50 million in cash at quarter end, Sandstorm is in a position to be a buyer in what is a struggling gold market, and we believe that as we execute on the opportunities that are in front of us, we will build significant shareholder value.”
— Financial Results
Revenue and Gold Sales
Revenue was $15.4 million in the second quarter of 2015, generated from the sale of 12,901 Attributable Gold Equivalent ounces at an average realized selling price of $1,196 per ounce. Revenue in the second quarter of 2014 was $13.2 million with the increase in 2015 primarily being driven by a 27% increase in the number of Attributable Gold Equivalent ounces sold.
Costs and Expenses
The average cash cost per attributable ounce was $304 during the quarter, resulting in a cash operating margin of $892 compared to $310 and $986 respectively for the second quarter of 2014. Administrative expenses and project evaluation costs together increased by $0.8 million compared to the second quarter of 2014 due to the vesting of previously granted stock based compensation and professional fees relating to increased corporate activity. Earnings and Operating Cash Flow
Earnings and Operating Cash Flow
For the three months ended June 30, 2015, the net loss and cash flow from operations were $13.5 million and $9.5 million, respectively, compared with net income and cash flow from operations of $3.0 million and $9.4 million for the comparable period in 2014. The change is attributable to a combination of factors including a $8.1 million increase in income tax expense related to a reduction of the Company’s deferred income tax assets which is a non-cash expense, a $3.5 million non-cash increase in depletion expense largely driven by an increase in Attributable Gold Equivalent ounces sold, a $3.3 million non-cash impairment relating to the Summit Gold Stream, a $1.1 million non-cash loss on revaluation of the Company’s investments, an increase project evaluation costs and a number of non-recurring items.
— Streams and Royalties
The Company’s stream and royalty segments for the three months ended June 30, 2015 are summarized in the table below:
In $000’s Attributable ounces sold Sales and royalty revenues Cost of sales (excluding depletion) Depletion Impairment of mineral interest Income (loss) before taxes Cash flow from operations
Aurizona 2,921 $ 3,519 $ 1,192 $ 346 $ - $ 1,981 $ 2,327
Bachelor Lake 2,125 2,537 1,063 1,263 - 211 1,474
Black Fox 1,378 1,630 714 985 - (69) 916
Diavik 1,345 1,609 - 1,665 - (56) 1,409
Ming 416 488 - 497 - (9) 488
Santa Elena 2,659 3,186 948 1,943 - 295 2,238
Royalties 2,057 2,460 - 3,522 - (1,062) 2,152
Other - - - - (3,323) (3,323) -
Corporate - - - - - 674 (1,525)
Consolidated 12,901 $ 15,429 $ 3,917 $ 10,221 $ (3,323) $ (1,358) $ 9,479
Attributable Gold Equivalent ounces sold for the three months ended June 30, 2015 was 12,901 ounces compared with 10,149 ounces for the comparable period in 2014. The ounces sold during the 2015 quarter represented a 27% increase from 2014, and a record for the Company. The increase in ounces was largely attributable to increases in gold ounces sold from the Santa Elena Mine in Mexico (“Santa Elena”) and the Aurizona Mine in Brazil (“Aurizona”) as well as an additional 1,345 Attributable Gold Equivalent ounces arising from the recently acquired royalty on the Diavik mine in the Northwest Territories, Canada. The production increases were partially offset by decreases in gold ounces sold from the Bachelor Lake Mine in Quebec, Canada (“Bachelor Lake”).
Santa Elena Mine
SilverCrest Mines Inc. (“SilverCrest”) posted record production from Santa Elena during the second quarter of 2015 due to increased throughput and mill operating efficiencies which increased gold and silver recoveries. As a result, Sandstorm’s gold ounces sold from Santa Elena increased by 244% compared to the second quarter of 2014.
Sandstorm has a gold stream to purchase 20% of the gold produced at Santa Elena at a per ounce price of $357. When Sandstorm’s attributable production from Santa Elena reaches 50,000 ounces of gold, the on-going per ounce payments will increase to US$450.
Subsequent to quarter end, First Majestic Silver Corp. (“First Majestic”) and SilverCrest announced that the companies had entered into a definitive agreement whereby First Majestic would acquire all of the issued and outstanding common shares of SilverCrest (the “Acquisition”). Sandstorm’s Santa Elena Gold Stream will not be affected by the Acquisition.
Aurizona Mine
Gold ounces sold from the Aurizona mine was 25% higher when compared to the second quarter of 2014. Luna is processing ore from a stockpile and it is expected that the stockpile will be depleted and Luna will cease milling operations during the third quarter of 2015.
The Company has a 3% to 5% sliding scale net smelter returns (“NSR”) royalty on the production from Aurizona. At gold prices less than or equal to $1,500 per ounce, the royalty is a 3% NSR. In addition, Sandstorm holds a 2% NSR on Luna’s 200,000 hectares of greenfields exploration ground. At any time prior to the commencement of commercial production, Luna has the ability to purchase one-half of the greenfields NSR for a cash payment of $10 million.
Bachelor Lake Mine
Compared to the second quarter of 2014, there was a 15% decrease in gold ounces sold from Bachelor Lake, primarily related to the mine experiencing lower feed grade which was largely driven by higher than expected dilution from some stopes. Metanor considers this occurrence to be isolated and expects grades to increase in the following quarters. Metanor recently released positive drill results from its exploration activities at the Bachelor Lake Mine. For detailed results refer to the Metanor website at www.metanor.ca.
Sandstorm has a gold stream to purchase 20% of the gold production at Bachelor Lake for US$500 per ounce.
— outlook
Based on the Company’s existing gold streams and royalties, production for 2015 is forecasted to be between 40,000 to 50,000 Attributable Gold Equivalent ounces. The Company is forecasting Attributable Gold Equivalent production of approximately 50,000 ounces per annum beginning in 2018.
— other
Tax
During the three months ended June 30, 2015, the Company recognized a non-cash reduction in its deferred income tax assets of $8.1 million. This is a non-cash based expense and the Company continues to have substantial loss-carryforward pools in Canada for tax purposes.
Gold Stream Settlement
As contemplated in the Deflector gold purchase agreement, the Company provided notice to Doray Minerals Ltd. that it was requesting back the $6.0 million that Sandstorm had advanced under the purchase agreement. As part of a settlement agreement, the Company received $7.0 million in June 2015. The difference between the $7.0 million received and the carrying value of the Deflector mineral interest of $6.3 million was recognized in other income. As a result of the settlement, both parties’ obligations were extinguished under the gold purchase agreement.
Impairment
The lack of progress with respect to Santa Fe Gold Corp. (“Santa Fe”) raising additional capital to satisfy the terms and conditions of the negotiated restructuring of its senior secured indebtedness, prompted the Company to evaluate its investment in the Summit Gold Stream. As a result of its review, the Company recorded an impairment charge of $3.3 million for the full balance of the mineral interest.
— Webcast and Conference Call Details
A conference call will be held on July 31, 2015 starting at 8:30am PDT to further discuss the second quarter results. To participate in the conference call, use the following dial-in numbers and conference ID:
Local/International: 647-788-4916
North American Toll-Free: 877-214-4966
Conference ID: 98823585
It is recommended that participants dial in five minutes prior to the commencement of the conference call. An audio webcast of the conference call can be accessed via the following link, http://ow.ly/QcQSa, and will also be available on the Sandstorm website.
The Sandstorm Management Discussion and Analysis (MD&A) and Financial Statements for the second quarter will be accessible on the Company’s website and on SEDAR at www.sedar.com. The Company has also completed a Form 6-K filing with the SEC that will be accessible on EDGAR at www.sec.gov/edgar.shtml. Shareholders can request a hard copy of the MD&A and Financial Statements by emailing info@sandstormltd.com.
Vancouver, British Columbia | July 30, 2015
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) has released its results for the second quarter ended June 30, 2015 (all figures in U.S. dollars).
— SECOND quarter Highlights
Record Attributable Gold Equivalent ounces sold1 of 12,901;
Revenue of $15.4 million;
Average cash cost per Attributable Gold Equivalent ounce1 of $304 resulting in cash operating margins1 of $892 per ounce;
Operating cash flow of $9.5 million;
Net loss of $13.5 million;
Announced the closing of the restructuring of the Aurizona Gold Stream and its outstanding loan with Luna Gold Corp. (“Luna”); and
Announced the closing of the acquisition of Gold Royalties Corporation (“Gold Royalties”). Gold Royalties has over $1 million in cash and a portfolio of royalties on 12 mining projects located in Canada, including one royalty that is generating cash flow from gold production.
Sandstorm President & CEO Nolan Watson commented, “The second quarter delivered solid operating cash flow to the company driven by record gold sales from our 14 producing royalty and stream assets. With over $50 million in cash at quarter end, Sandstorm is in a position to be a buyer in what is a struggling gold market, and we believe that as we execute on the opportunities that are in front of us, we will build significant shareholder value.”
— Financial Results
Revenue and Gold Sales
Revenue was $15.4 million in the second quarter of 2015, generated from the sale of 12,901 Attributable Gold Equivalent ounces at an average realized selling price of $1,196 per ounce. Revenue in the second quarter of 2014 was $13.2 million with the increase in 2015 primarily being driven by a 27% increase in the number of Attributable Gold Equivalent ounces sold.
Costs and Expenses
The average cash cost per attributable ounce was $304 during the quarter, resulting in a cash operating margin of $892 compared to $310 and $986 respectively for the second quarter of 2014. Administrative expenses and project evaluation costs together increased by $0.8 million compared to the second quarter of 2014 due to the vesting of previously granted stock based compensation and professional fees relating to increased corporate activity. Earnings and Operating Cash Flow
Earnings and Operating Cash Flow
For the three months ended June 30, 2015, the net loss and cash flow from operations were $13.5 million and $9.5 million, respectively, compared with net income and cash flow from operations of $3.0 million and $9.4 million for the comparable period in 2014. The change is attributable to a combination of factors including a $8.1 million increase in income tax expense related to a reduction of the Company’s deferred income tax assets which is a non-cash expense, a $3.5 million non-cash increase in depletion expense largely driven by an increase in Attributable Gold Equivalent ounces sold, a $3.3 million non-cash impairment relating to the Summit Gold Stream, a $1.1 million non-cash loss on revaluation of the Company’s investments, an increase project evaluation costs and a number of non-recurring items.
— Streams and Royalties
The Company’s stream and royalty segments for the three months ended June 30, 2015 are summarized in the table below:
In $000’s Attributable ounces sold Sales and royalty revenues Cost of sales (excluding depletion) Depletion Impairment of mineral interest Income (loss) before taxes Cash flow from operations
Aurizona 2,921 $ 3,519 $ 1,192 $ 346 $ - $ 1,981 $ 2,327
Bachelor Lake 2,125 2,537 1,063 1,263 - 211 1,474
Black Fox 1,378 1,630 714 985 - (69) 916
Diavik 1,345 1,609 - 1,665 - (56) 1,409
Ming 416 488 - 497 - (9) 488
Santa Elena 2,659 3,186 948 1,943 - 295 2,238
Royalties 2,057 2,460 - 3,522 - (1,062) 2,152
Other - - - - (3,323) (3,323) -
Corporate - - - - - 674 (1,525)
Consolidated 12,901 $ 15,429 $ 3,917 $ 10,221 $ (3,323) $ (1,358) $ 9,479
Attributable Gold Equivalent ounces sold for the three months ended June 30, 2015 was 12,901 ounces compared with 10,149 ounces for the comparable period in 2014. The ounces sold during the 2015 quarter represented a 27% increase from 2014, and a record for the Company. The increase in ounces was largely attributable to increases in gold ounces sold from the Santa Elena Mine in Mexico (“Santa Elena”) and the Aurizona Mine in Brazil (“Aurizona”) as well as an additional 1,345 Attributable Gold Equivalent ounces arising from the recently acquired royalty on the Diavik mine in the Northwest Territories, Canada. The production increases were partially offset by decreases in gold ounces sold from the Bachelor Lake Mine in Quebec, Canada (“Bachelor Lake”).
Santa Elena Mine
SilverCrest Mines Inc. (“SilverCrest”) posted record production from Santa Elena during the second quarter of 2015 due to increased throughput and mill operating efficiencies which increased gold and silver recoveries. As a result, Sandstorm’s gold ounces sold from Santa Elena increased by 244% compared to the second quarter of 2014.
Sandstorm has a gold stream to purchase 20% of the gold produced at Santa Elena at a per ounce price of $357. When Sandstorm’s attributable production from Santa Elena reaches 50,000 ounces of gold, the on-going per ounce payments will increase to US$450.
Subsequent to quarter end, First Majestic Silver Corp. (“First Majestic”) and SilverCrest announced that the companies had entered into a definitive agreement whereby First Majestic would acquire all of the issued and outstanding common shares of SilverCrest (the “Acquisition”). Sandstorm’s Santa Elena Gold Stream will not be affected by the Acquisition.
Aurizona Mine
Gold ounces sold from the Aurizona mine was 25% higher when compared to the second quarter of 2014. Luna is processing ore from a stockpile and it is expected that the stockpile will be depleted and Luna will cease milling operations during the third quarter of 2015.
The Company has a 3% to 5% sliding scale net smelter returns (“NSR”) royalty on the production from Aurizona. At gold prices less than or equal to $1,500 per ounce, the royalty is a 3% NSR. In addition, Sandstorm holds a 2% NSR on Luna’s 200,000 hectares of greenfields exploration ground. At any time prior to the commencement of commercial production, Luna has the ability to purchase one-half of the greenfields NSR for a cash payment of $10 million.
Bachelor Lake Mine
Compared to the second quarter of 2014, there was a 15% decrease in gold ounces sold from Bachelor Lake, primarily related to the mine experiencing lower feed grade which was largely driven by higher than expected dilution from some stopes. Metanor considers this occurrence to be isolated and expects grades to increase in the following quarters. Metanor recently released positive drill results from its exploration activities at the Bachelor Lake Mine. For detailed results refer to the Metanor website at www.metanor.ca.
Sandstorm has a gold stream to purchase 20% of the gold production at Bachelor Lake for US$500 per ounce.
— outlook
Based on the Company’s existing gold streams and royalties, production for 2015 is forecasted to be between 40,000 to 50,000 Attributable Gold Equivalent ounces. The Company is forecasting Attributable Gold Equivalent production of approximately 50,000 ounces per annum beginning in 2018.
— other
Tax
During the three months ended June 30, 2015, the Company recognized a non-cash reduction in its deferred income tax assets of $8.1 million. This is a non-cash based expense and the Company continues to have substantial loss-carryforward pools in Canada for tax purposes.
Gold Stream Settlement
As contemplated in the Deflector gold purchase agreement, the Company provided notice to Doray Minerals Ltd. that it was requesting back the $6.0 million that Sandstorm had advanced under the purchase agreement. As part of a settlement agreement, the Company received $7.0 million in June 2015. The difference between the $7.0 million received and the carrying value of the Deflector mineral interest of $6.3 million was recognized in other income. As a result of the settlement, both parties’ obligations were extinguished under the gold purchase agreement.
Impairment
The lack of progress with respect to Santa Fe Gold Corp. (“Santa Fe”) raising additional capital to satisfy the terms and conditions of the negotiated restructuring of its senior secured indebtedness, prompted the Company to evaluate its investment in the Summit Gold Stream. As a result of its review, the Company recorded an impairment charge of $3.3 million for the full balance of the mineral interest.
— Webcast and Conference Call Details
A conference call will be held on July 31, 2015 starting at 8:30am PDT to further discuss the second quarter results. To participate in the conference call, use the following dial-in numbers and conference ID:
Local/International: 647-788-4916
North American Toll-Free: 877-214-4966
Conference ID: 98823585
It is recommended that participants dial in five minutes prior to the commencement of the conference call. An audio webcast of the conference call can be accessed via the following link, http://ow.ly/QcQSa, and will also be available on the Sandstorm website.
The Sandstorm Management Discussion and Analysis (MD&A) and Financial Statements for the second quarter will be accessible on the Company’s website and on SEDAR at www.sedar.com. The Company has also completed a Form 6-K filing with the SEC that will be accessible on EDGAR at www.sec.gov/edgar.shtml. Shareholders can request a hard copy of the MD&A and Financial Statements by emailing info@sandstormltd.com.
so, im august kaufe ich wieder zu. 1/3 cash heb ich mir aber sicherheitshalber noch auf falls es doch noch richtung $850 im gold gehen sollte
Zu diesen Kursen hat sich Sandstorm Gold Ldt. bei AuRico Metals eingekauft.
Auszug aus der heutigen News:The Acquired Shares were acquired by Sandstorm on the open market over the facilities of the Toronto Stock Exchange and other published markets for the AuRico Shares at prices ranging from $0.51 to $0.55 per Acquired Share.
Und das sind immerhin 10 % der AuRico-Aktien.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:SSL-2301983
Fragt man sich allerdings wo geht die Reise hin ?
Jetzt kommt erst mal frisches Kapital ins Haus:
http://finance.yahoo.com/news/sandstorm-gold-files-prelimina…
http://finance.yahoo.com/news/sandstorm-gold-files-prelimina…
Antwort auf Beitrag Nr.: 50.445.477 von MONSIEURCB am 20.08.15 15:22:39Dann können sie ja auch die noch fehlenden Aktien von Aurico Metals, die an den 10 % Anteil noch fehlen, kaufen.
Vielleicht warten sie ja noch etwas und der Kurs ist bis dahin auf den 1 $ hoch gegangen ?
Vielleicht warten sie ja noch etwas und der Kurs ist bis dahin auf den 1 $ hoch gegangen ?
Antwort auf Beitrag Nr.: 50.445.477 von MONSIEURCB am 20.08.15 15:22:39wow, das wäre zum derzeitigen kurs eine verwässerung von 33%.
zum glück zählt das erstmal für 24 monate. ich hoffe die sind in der lage bis dahin den kurs noch etwas anzufeuern. so bei 8-10 dollar wäre das ja dann zu verkraften
zum glück zählt das erstmal für 24 monate. ich hoffe die sind in der lage bis dahin den kurs noch etwas anzufeuern. so bei 8-10 dollar wäre das ja dann zu verkraften
CALGARY, ALBERTA--(Marketwired - Aug 25, 2015) - Gordon Creek Energy Inc. (TSX VENTURE:GDN) (the "Company") is pleased to announce that it has closed an interim financing deal with Excalibur Partners XX, LP ("Excalibur") whereby Excalibur has provided a bridge loan totaling US$3 million that will be focused on re-working and re-activating up to 14 previously drilled development wells ("PDNP Wells") in order to increase cash flows and reserves. The first tranche of US$1.0 million was announced March 6, 2015 and closed March 2015. The second tranche of US$2.0 million closed in July 2015. This represents an increase to the total bridge loan by US$400,000 from the originally agreed upon US$2.6 million due to greater than initially anticipated interest from investors.
The Excalibur financing was sourced through Houston Merchant Advisory Partners ("HMEP") and the Company is continuing to work with HMEP to source a new senior facility that would re-capitalize the Company, repay the Excalibur bridge financing and fund the continued development of the Gordon Creek field.
The Excalibur financing consists of a one year term subordinated debt carrying an interest rate of 15% (18% if the Company chooses to accrue interest payments). Excalibur will also receive a 6% gross over-riding royalty on production from the PDNP Wells, which will be expanded to cover all Gordon Creek production if the facility is not repaid within six months. The royalty can be repurchased by the Company at any time for US$1.68 million. Excalibur will also receive, subject to TSX-V approval and subject to anti-dilution adjustments, three year warrants to purchase up to 5,510,971 shares of the Company at a price of $0.06 per share. If the loan is not repaid within six months, Excalibur will receive, until the loan is repaid, an additional 60% gross over-riding royalty on the PDNP wells, the proceeds of which will be applied to the outstanding principal and interest. Each tranche of funding is subject to separate timelines.
The Company is also pleased to confirm that the previously announced termination of the commodity streaming agreement with Sandstorm Gold Inc., ("Sandstorm"), which provided Sandstorm with a streaming interest in 35% of all Gordon Creek production, was finalized in August 2015 and is effective July 31, 2015. In consideration for the termination of the interest, Sandstorm will receive a subordinated two year note for US$4.0 million and a 10% gross over-riding royalty on all Gordon Creek production. The Company will have the right, at any time, to purchase one half (5%) of the Sandstorm royalty for US$6.0 million. As a result of the termination of the Sandstorm streaming interest, the Company will effectively now own, subject to royalties, a 100% interest in the Gordon Creek field and the Company's Gordon Creek reserves and cash flows will be calculated accordingly.
OPERATIONS
Since April 2015, the Company has commenced workovers on ten existing gas wells at the Gordon Creek field. While the work is ongoing, the Company is pleased to have seen improvements in the gas volumes from the worked over wells. The workovers have involved replacing worn equipment and installing larger pumps where needed. Some of the existing infrastructure has also been repaired.
RESERVES DATA
Gordon Creek Energy Inc. is pleased to report it has filed its reserves data and other oil and gas information for the year ended January 31, 2015 in accordance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities. The Company's proved plus probable pre-tax net future cash flows discounted at 10% were approximately US$37 million and calculated before the termination of the commodity streaming agreement with Sandstorm discussed above. The Company's January 31, 2015 filings are available on the SEDAR website at www.sedar.com.
ANNUAL GENERAL MEETING RESULTS
The Company held its annual general and special meeting of shareholder (the "AGM") on July 28, 2015 and all proposed resolutions were approved.
Gordon Creek Energy Inc. is an oil and gas exploration and production Company with interests in the US Rockies.
The Excalibur financing was sourced through Houston Merchant Advisory Partners ("HMEP") and the Company is continuing to work with HMEP to source a new senior facility that would re-capitalize the Company, repay the Excalibur bridge financing and fund the continued development of the Gordon Creek field.
The Excalibur financing consists of a one year term subordinated debt carrying an interest rate of 15% (18% if the Company chooses to accrue interest payments). Excalibur will also receive a 6% gross over-riding royalty on production from the PDNP Wells, which will be expanded to cover all Gordon Creek production if the facility is not repaid within six months. The royalty can be repurchased by the Company at any time for US$1.68 million. Excalibur will also receive, subject to TSX-V approval and subject to anti-dilution adjustments, three year warrants to purchase up to 5,510,971 shares of the Company at a price of $0.06 per share. If the loan is not repaid within six months, Excalibur will receive, until the loan is repaid, an additional 60% gross over-riding royalty on the PDNP wells, the proceeds of which will be applied to the outstanding principal and interest. Each tranche of funding is subject to separate timelines.
The Company is also pleased to confirm that the previously announced termination of the commodity streaming agreement with Sandstorm Gold Inc., ("Sandstorm"), which provided Sandstorm with a streaming interest in 35% of all Gordon Creek production, was finalized in August 2015 and is effective July 31, 2015. In consideration for the termination of the interest, Sandstorm will receive a subordinated two year note for US$4.0 million and a 10% gross over-riding royalty on all Gordon Creek production. The Company will have the right, at any time, to purchase one half (5%) of the Sandstorm royalty for US$6.0 million. As a result of the termination of the Sandstorm streaming interest, the Company will effectively now own, subject to royalties, a 100% interest in the Gordon Creek field and the Company's Gordon Creek reserves and cash flows will be calculated accordingly.
OPERATIONS
Since April 2015, the Company has commenced workovers on ten existing gas wells at the Gordon Creek field. While the work is ongoing, the Company is pleased to have seen improvements in the gas volumes from the worked over wells. The workovers have involved replacing worn equipment and installing larger pumps where needed. Some of the existing infrastructure has also been repaired.
RESERVES DATA
Gordon Creek Energy Inc. is pleased to report it has filed its reserves data and other oil and gas information for the year ended January 31, 2015 in accordance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities. The Company's proved plus probable pre-tax net future cash flows discounted at 10% were approximately US$37 million and calculated before the termination of the commodity streaming agreement with Sandstorm discussed above. The Company's January 31, 2015 filings are available on the SEDAR website at www.sedar.com.
ANNUAL GENERAL MEETING RESULTS
The Company held its annual general and special meeting of shareholder (the "AGM") on July 28, 2015 and all proposed resolutions were approved.
Gordon Creek Energy Inc. is an oil and gas exploration and production Company with interests in the US Rockies.
wieder 321000 shares gekauft, ein financing von max 150mio in planung das so hoch ist wie cash+credit.
Aug 27/15 Aug 27/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 96,000 $0.700
Aug 26/15 Aug 26/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 54,000 $0.660
Aug 26/15 Aug 26/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 500 $0.655
Aug 26/15 Aug 26/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 500 $0.685
Aug 26/15 Aug 26/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 6,000 $0.690
Aug 26/15 Aug 26/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 500 $0.695
Aug 26/15 Aug 26/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 163,500 $0.700 - See more at: https://www.canadianinsider.com/company?menu_tickersearch=AM…
Aug 27/15 Aug 27/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 96,000 $0.700
Aug 26/15 Aug 26/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 54,000 $0.660
Aug 26/15 Aug 26/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 500 $0.655
Aug 26/15 Aug 26/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 500 $0.685
Aug 26/15 Aug 26/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 6,000 $0.690
Aug 26/15 Aug 26/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 500 $0.695
Aug 26/15 Aug 26/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 163,500 $0.700 - See more at: https://www.canadianinsider.com/company?menu_tickersearch=AM…
Antwort auf Beitrag Nr.: 50.513.508 von KMST am 28.08.15 20:00:07Da spuckt aber jemand ordentlich in die Suppe. Aurico hat ein pp gemacht und Alamos 8 Mio. Aktien für 0,70 C$ vertickt. Übernahme dürfte dann wohl ein teure Angelegenheit werden.
ja, dachte ich mir auch. das dient eindeutig dem schutz des aurico management bei 25 mio in cash gab es dazu eigentlich keinen grund
Antwort auf Beitrag Nr.: 50.528.358 von KMST am 01.09.15 07:23:24Aurico gibt weiter Gas...Übernahme von Mineral Streams Inc. für 3,45 Mio. C$ + 4,7 Mio. Aurico Aktien.
Open market kann sich Sandstorm m.E. weitere Erwerbe sparen.
Open market kann sich Sandstorm m.E. weitere Erwerbe sparen.
Sep 14/15 Sep 11/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 7,500 $0.665
Sep 14/15 Sep 11/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 486,000 $0.675
Sep 14/15 Sep 11/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 338,000 $0.670
Sep 14/15 Sep 10/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 18,500 $0.640
Sep 14/15 Sep 10/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 14,500 $0.675
Sep 14/15 Sep 10/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 43,000 $0.680
Sep 14/15 Sep 10/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 62,500 $0.670
Sep 14/15 Sep 10/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 8,000 $0.655
Sep 14/15 Sep 10/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 78,500 $0.650
Sep 14/15 Sep 10/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 25,000 $0.660 - See more at: https://www.insidertracking.com/company?menu_tickersearch=AM…
Sep 14/15 Sep 11/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 486,000 $0.675
Sep 14/15 Sep 11/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 338,000 $0.670
Sep 14/15 Sep 10/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 18,500 $0.640
Sep 14/15 Sep 10/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 14,500 $0.675
Sep 14/15 Sep 10/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 43,000 $0.680
Sep 14/15 Sep 10/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 62,500 $0.670
Sep 14/15 Sep 10/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 8,000 $0.655
Sep 14/15 Sep 10/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 78,500 $0.650
Sep 14/15 Sep 10/15 Sandstorm Gold Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 25,000 $0.660 - See more at: https://www.insidertracking.com/company?menu_tickersearch=AM…
... und weiter geht's mit den Einkäufen:
http://finance.yahoo.com/news/sandstorm-gold-files-early-war…
http://finance.yahoo.com/news/sandstorm-gold-files-early-war…
Ja sie tut sich verdammt schwer in der letzten Woche.
Mid-Day Changers: Sandstorm Gold Ltd. (SAND)Sandstorm Gold Ltd. (SAND) of the Basic Materials sector has gained 6.41% so far today. Sandstorm Gold Ltd. (SAND) currently sits at $2.990 with a weekly performance of 9.340% and volatility of 6.76%. Sandstorm Gold Ltd. (SAND)’s monthly performance stands at 12.850% and Sandstorm Gold Ltd. (SAND) should be watched with an analyst rating of 2.00
http://www.wallstreetscope.com/mid-day-changers-ipath-bloomb…
Alexandria closes $1-million first tranche of financing 2015-10-22 19:17 ET - News Release Mr. Eric Owens reports ALEXANDRIA MINERALS CLOSES $1,000,000 FIRST TRANCHE OF FINANCING Alexandria Minerals Corp. has closed a $1-million first tranche of the $1.8-million financing transaction originally announced on Oct. 21, 2015. The first tranche of this transaction consists of a $700,000 equity private placement and a $300,000 royalty package purchase. Alexandria has issued 14 million shares, with no warrants, at a price of five cents. The two investors are Agnico Eagle Mines Ltd. and Sandstorm Gold Ltd. The purchaser of the royalty package is Sandstorm Gold Ltd. The private placement will also see a second tranche totalling $800,000 under the same terms, which is expected to close within 30 days. Alexandria will issue 16 million shares for that tranche. The royalty package consists of the grant of net smelter return royalties of 1 per cent on select claims, and the assignment of existing royalty buyback rights between 1- and 2-per-cent NSR on certain other claims in the Val d'Or area. No finders' fees nor commissions were paid on the private placement or the asset sale. All securities issued as part of the private placement will be subject to a minimum hold period of four months from the date of closing. The proceeds from these transactions will be used to continue to advance Alexandria's knowledge of its Val d'Or area projects and for general corporate purposes. We seek Safe Harbor. 2015 Canjex Publishing Ltd. All rights reserved.
Read more at http://www.stockhouse.com/companies/bullboard/bullboard/t.ss…
Read more at http://www.stockhouse.com/companies/bullboard/bullboard/t.ss…
...und gleich mit Trading Halt ... kommt da NOCH WAS???
...und schon wieder resumption - das ging aber erstaunlich kurz?
Antwort auf Beitrag Nr.: 50.942.502 von MONSIEURCB am 27.10.15 13:52:08bought deal zu $2.85 8mio shares
pre market in usa -17%
feiern sieht irgendwie anders aus, 110 mio schulden, jährliche zinsleistung ohne tilgung ca. 5,5 mio, deal mit dem schwächsten major, in relativ unsicheren ländern.
wie hoch ist wohl der irr und npv für diesen deal?
feiern sieht irgendwie anders aus, 110 mio schulden, jährliche zinsleistung ohne tilgung ca. 5,5 mio, deal mit dem schwächsten major, in relativ unsicheren ländern.
wie hoch ist wohl der irr und npv für diesen deal?
npv @5% nach 10 jahren noch negativ, ohne zinsenzahlung und tilgung
Schaut euch diesen kurzen Info-Film an. Ab dem Zeitpunkt 4:10 geht es mit Sandstorm los.
Gold-Experte Bußler: Das ist eine Überraschung!28.10.2015 15:54
Innerhalb dieser Sendung weisst Markus auf den großen Deal von Sandstorm und Yamana hin. Ist das schon hier im Thread bekannt ? bt02
Außerdem nimmt er die Aktien von
Yamana Gold, Sandstorm, Osisko Gold und Silver Wheaton genauer unter die Lupe
http://www.daf.fm/video/gold-experte-bussler-das-ist-eine-ue…
http://seekingalpha.com/article/3631646-sandstorm-gold-quant…
umfangreicher artikel zum deal...meiner meinung nach aber zu positiv. bin da eher etwas skeptischer.
die hätten lieber ein paar mehr deals ala Skeena machen sollen
umfangreicher artikel zum deal...meiner meinung nach aber zu positiv. bin da eher etwas skeptischer.
die hätten lieber ein paar mehr deals ala Skeena machen sollen
VANCOUVER, Jan. 19, 2016 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) is pleased to announce that it has agreed to acquire 56 royalties (the "Royalty Package") from Teck Resources Limited and its affiliates (collectively, "Teck") for total consideration of US$22 million (C$32 million), payable in US$1.4 million (C$2 million) in cash and US$20.6 million (C$30 million) in common shares of the Company (the "Common Shares") (the "Transaction"). Certain royalties in the Royalty Package are subject to rights of first offer and first refusal as well as the requirement for various transfer consents and as a result, the Transaction will have a number of closing dates, with today being the first such closing date.
As consideration for the royalties, Sandstorm has issued a total of 8,365,863 Common Shares priced at C$3.57 per share, the price of the Common Shares being based on the ten (10) day volume weighted average price of the Company's Common Shares traded on the Toronto Stock Exchange. A portion of the Common Shares will be held in escrow to be released on subsequent closing dates.
— TRANSACTION HIGHLIGHTS
Asset Diversification: Royalty Package consists of assets in North America (33), Asia (11), South America (9) and Europe (3) and includes producing assets (4), development- stage projects (9), advanced exploration-stage projects (8) and exploration-stage properties (35);
Immediate Cash Flow and Significant Cash Flow Growth Potential: Estimated cash flow in 2016 of US$1.5 million to US$2.0 million, growing to US$10 million to US$15 million in cash flow per year;
Strong Counterparties: Royalty counterparties include Barrick Gold Corporation, Glencore plc ("Glencore"), KGHM Polska Miedz SA, Newmont Mining Corporation ("Newmont"), Kinross Gold Corporation ("Kinross"), Centerra Gold Inc. ("Centerra"), New Gold Inc. and Imperial Metals Corporation;
Long-Term Optionality: Over two dozen royalties on exploration-stage properties, several of which are undergoing active exploration programs.
— ROYALTY PORTFOLIO: KEY ASSETS
The Royalty Portfolio includes the following key assets:
a 2.0% net smelter returns ("NSR") royalty on the high-grade, advanced exploration-stage Hot Maden project located in Turkey, owned by Mariana Resources Ltd. ("Mariana"). Lidya Madencilik Sanayi ve Ticaret A.S. has an option to earn-in up to 70% in Hot Maden from Mariana;
a 2.0% NSR royalty on the development-stage Hackett River project in Nunavut, Canada owned by Glencore plc;
a 1.75% NSR royalty, on 60% of production subject to a US$40 million cap, on the development-stage Lobo-Marte project in Chile owned by Kinross Gold Corporation;
a 2.0% NSR royalty on the development-stage Burhaniye project in Turkey owned by Tumad Madencilik Sanayi ve Ticaret A.S. The Burhaniye royalty begins paying after 300,000 ounces have been produced;
a 5.0% NSR royalty on copper, and a 2.5% NSR royalty on all other metals produced, on a portion of the producing Copper Mountain project in British Columbia, Canada owned by Copper Mountain Mining Corporation;
a US$10/ounce production royalty, subject to a maximum ounce cap, on the development-stage Ağı Dağı/Kirazli projects in Turkey owned by Alamos Gold Inc. and payable by Newmont; and
a 0.5%-1.5% NSR royalty, based on cumulative production, on the development stage Öksüt project in Turkey owned by Centerra Gold Inc. ("Centerra"). Centerra holds a right of first offer on the sale of the Öksüt royalty.
"The acquisition of this royalty package from Teck materially enhances Sandstorm's existing portfolio while allowing the Company to maintain a strong balance sheet," said Sandstorm's President & CEO Nolan Watson. "We believe this deal enhances, on a per share basis, the Company's production growth, cash flow growth, NAV, diversification and precious metal optionality. With over 130 streams and royalties now in our portfolio, we believe Sandstorm is well positioned for an exciting future."
Hot Maden – 2.0% NSR
The Hot Maden gold-copper project is located approximately 20 kilometres ("km") southeast of Artvin and 130 km northeast of Erzurum in north-eastern Turkey. A highly successful 2015 drill campaign led to the release, by Mr. Stewart Coasts from RungePincockMinarco, of a maiden mineral resource estimate for the high-grade mineralisation at Hot Maden as follows:
Indicated Resource – 2.0 million gold equivalent ounces; 4.7 million tonnes ("Mt") at 10.0 grams per tonne ("g/t") gold and 2.2% copper, for a gold equivalent grade of 13.4 g/t;
Inferred Resource – 1.0 million gold equivalent ounces; 3.7 Mt at 5.5 g/t gold and 1.8% copper, for a gold equivalent grade of 8.2 g/t.
High grade gold-copper mineralisation was first intersected at Hot Maden in the Phase I diamond drill program, which was completed in January 2015 and included the following key intercepts (not true widths):
DH HTD-04: 103.0 metres @ 9.0 g/t gold and 2.2% copper from 25.0 metres, including a significantly higher grade massive sulphide zone containing 33.4m @ 18.3 g/t gold and 3.3% copper from 79.8m downhole (February 2, 2015 NR, Mariana Resources Ltd., Eric Roth QP);
DH HTD-05: 82.0 metres @ 20.4 g/t gold and 1.9% copper from 147.0 metres downhole, including a bonanza 13.0 meters @ 88.0 g/t gold and 2.5% copper from 150.0 metres (February 12, 2015 NR, Mariana Resources Ltd., Eric Roth QP).
The immediate focus for exploration at Hot Maden is to continue with resource delineation drilling within, and around, the main mineralised zone. Future work will include geophysics and new target generation activities along an extended portion of the Hot Maden Fault Zone.
Hackett River – 2.0% NSR
The Hackett River property is located in Nunavut, Canada, approximately 480 km northeast of Yellowknife. Hackett River is a silver-rich volcanogenic massive sulphide project and is one of the largest undeveloped projects of its kind. The property is made up of four massive sulphide deposits that occur over a 6.6 km strike distance.
A preliminary economic assessment updated in 2010 evaluated a possible large-scale open pit and underground operation, processing up to 17,000 tonnes per day. The most recent Technical Report, completed in 2013, contained a mineral resource estimate prepared by Sabina Gold and Silver Corporation, with technical support from Xstrata Canada Corporation, now Glencore plc. The updated resource reported 25.0 million tonnes of indicated resources containing 4.2% zinc and 130.0 g/t silver plus 57.0 million tonnes of inferred resources with 3.0% zinc and 100.0 g/t silver.
Sandstorm's 2.0% NSR royalty covers 7,141 hectares of the Hackett River property including the licenses where the mineral resources have been defined.
Lobo-Marte – 1.75% NSR (on 60% of production)
The Lobo-Marte project contains two potential open-pit gold resources located in the Maricunga Gold District of Chile. The resources are seven kilometers apart, and are located 60 km south of Kinross's La Coipa mine, and 60 km north of Kinross's Refugio mine, 100 kilometres east of Copiapó.
Kinross completed a prefeasibility study at Lobo-Marte that contemplated a heap-leach operation and submitted an environmental and social impact study to Chilean authorities. Kinross has since withdrawn its permit application due to changes in the plan of operations, project economics, and other factors. As a result of the permit withdrawal, much of the historic 7.0 million ounces of measured and indicated gold resources, contained in 185.4 Mt @ 1.2 g/t gold, were reclassified from historic mineral reserves. Future development and operations at Lobo-Marte will require the re-initiation of the permitting process.
Sandstorm holds a 1.75% net smelter return royalty on 60% of future production at Lobo-Marte, up to a maximum of US$40 million.
Copper Mountain – 5.0% NSR on copper, 2.5% NSR on other metals
The Copper Mountain mine is a large-scale, open pit copper-gold-silver mine, operated by Copper Mountain Mining Corporation. The mine is located 300 km east from the port of Vancouver, in southern British Columbia. Mining began in 2011 and with the recent addition of a secondary crusher to the project, the mine has been able to achieve production rates up to 40,000 tonnes per day from multiple open pits. During the full year 2014, Copper Mountain produced 81 million pounds of copper, 22,600 ounces of gold and 443,800 ounces of silver at an operating cost of $1.49/pound, net of by-products.
Sandstorm holds a 5.0% NSR on copper, and a 2.5% NSR on all other metals produced from the Alabama and Virginia pits, located to the north of the Copper Mountain Superpit. The copper royalty is a sliding scale royalty and is a 5.0% NSR at copper prices above US$1.20 per pound. Mining operations are active at the Virginia pit and Sandstorm expects to receive cash flow from this royalty in 2016.
Ağı Dağı/Kirazli – US$10/ounce
The Ağı Dağı and Kirazlı gold development projects are located in the Çanakkale Province of northwestern Turkey. A positive pre-feasibility study (PFS) was completed by Dr. Dennis Ferrigno, CAF & Associates, LLC et al. on Ağı Dağı and Kirazli in 2012 with both projects evaluated for a potential stand-alone open-pit, heap-leach operation. The PFS evaluated production for an average 99,000 ounces of gold per year over a 5 year mine life at Kirazli. The PFS at Ağı Dağı evaluated production for an average of 143,000 ounces of gold per year over a 7 year mine life. Initial production from Ağı Dağı is projected to commence approximately 18 months after first production at Kirazli.
Sandstorm holds a US$10/ounce production royalty payable by Newmont, subject to a maximum of 600,000 ounces from Ağı Dağı and a maximum of 250,000 from Kirazli.
Öksüt – 0.5%-1.5% NSR
The Öksüt property contains an epithermal precious metals resource, located on the Anatolian Plateau in south-central Turkey, near the city of Develi. The property is owned and operated by Centerra. In July 2015, Centerra completed a feasibility study which evaluated a conventional truck and shovel, open pit, heap leach mining operation. The property contains probable reserves of 26.1 Mt @ 1.4 g/t gold, containing 1.16 million ounces of gold. The Öksüt feasibility study evaluates a mine plan that incorporates two open pits that are operated over an eight year mine life. Centerra has received environmental permits and pending final permits proposes to begin construction in mid-2016 with heap leach processing to begin in the first quarter of 2017.
Sandstorm holds a 0.5% to 1.5% NSR royalty based on cumulative production at the mine. The 0.5% NSR royalty begins after 250,000 ounces have been produced at Öksüt. Centerra has a right of first offer on the sale of the Öksüt royalty.
— OTHER ROYALTIES
Below is a list of the other assets that make up the Royalty Package.
http://www.prnewswire.com/news-releases/sandstorm-gold-annou…
As consideration for the royalties, Sandstorm has issued a total of 8,365,863 Common Shares priced at C$3.57 per share, the price of the Common Shares being based on the ten (10) day volume weighted average price of the Company's Common Shares traded on the Toronto Stock Exchange. A portion of the Common Shares will be held in escrow to be released on subsequent closing dates.
— TRANSACTION HIGHLIGHTS
Asset Diversification: Royalty Package consists of assets in North America (33), Asia (11), South America (9) and Europe (3) and includes producing assets (4), development- stage projects (9), advanced exploration-stage projects (8) and exploration-stage properties (35);
Immediate Cash Flow and Significant Cash Flow Growth Potential: Estimated cash flow in 2016 of US$1.5 million to US$2.0 million, growing to US$10 million to US$15 million in cash flow per year;
Strong Counterparties: Royalty counterparties include Barrick Gold Corporation, Glencore plc ("Glencore"), KGHM Polska Miedz SA, Newmont Mining Corporation ("Newmont"), Kinross Gold Corporation ("Kinross"), Centerra Gold Inc. ("Centerra"), New Gold Inc. and Imperial Metals Corporation;
Long-Term Optionality: Over two dozen royalties on exploration-stage properties, several of which are undergoing active exploration programs.
— ROYALTY PORTFOLIO: KEY ASSETS
The Royalty Portfolio includes the following key assets:
a 2.0% net smelter returns ("NSR") royalty on the high-grade, advanced exploration-stage Hot Maden project located in Turkey, owned by Mariana Resources Ltd. ("Mariana"). Lidya Madencilik Sanayi ve Ticaret A.S. has an option to earn-in up to 70% in Hot Maden from Mariana;
a 2.0% NSR royalty on the development-stage Hackett River project in Nunavut, Canada owned by Glencore plc;
a 1.75% NSR royalty, on 60% of production subject to a US$40 million cap, on the development-stage Lobo-Marte project in Chile owned by Kinross Gold Corporation;
a 2.0% NSR royalty on the development-stage Burhaniye project in Turkey owned by Tumad Madencilik Sanayi ve Ticaret A.S. The Burhaniye royalty begins paying after 300,000 ounces have been produced;
a 5.0% NSR royalty on copper, and a 2.5% NSR royalty on all other metals produced, on a portion of the producing Copper Mountain project in British Columbia, Canada owned by Copper Mountain Mining Corporation;
a US$10/ounce production royalty, subject to a maximum ounce cap, on the development-stage Ağı Dağı/Kirazli projects in Turkey owned by Alamos Gold Inc. and payable by Newmont; and
a 0.5%-1.5% NSR royalty, based on cumulative production, on the development stage Öksüt project in Turkey owned by Centerra Gold Inc. ("Centerra"). Centerra holds a right of first offer on the sale of the Öksüt royalty.
"The acquisition of this royalty package from Teck materially enhances Sandstorm's existing portfolio while allowing the Company to maintain a strong balance sheet," said Sandstorm's President & CEO Nolan Watson. "We believe this deal enhances, on a per share basis, the Company's production growth, cash flow growth, NAV, diversification and precious metal optionality. With over 130 streams and royalties now in our portfolio, we believe Sandstorm is well positioned for an exciting future."
Hot Maden – 2.0% NSR
The Hot Maden gold-copper project is located approximately 20 kilometres ("km") southeast of Artvin and 130 km northeast of Erzurum in north-eastern Turkey. A highly successful 2015 drill campaign led to the release, by Mr. Stewart Coasts from RungePincockMinarco, of a maiden mineral resource estimate for the high-grade mineralisation at Hot Maden as follows:
Indicated Resource – 2.0 million gold equivalent ounces; 4.7 million tonnes ("Mt") at 10.0 grams per tonne ("g/t") gold and 2.2% copper, for a gold equivalent grade of 13.4 g/t;
Inferred Resource – 1.0 million gold equivalent ounces; 3.7 Mt at 5.5 g/t gold and 1.8% copper, for a gold equivalent grade of 8.2 g/t.
High grade gold-copper mineralisation was first intersected at Hot Maden in the Phase I diamond drill program, which was completed in January 2015 and included the following key intercepts (not true widths):
DH HTD-04: 103.0 metres @ 9.0 g/t gold and 2.2% copper from 25.0 metres, including a significantly higher grade massive sulphide zone containing 33.4m @ 18.3 g/t gold and 3.3% copper from 79.8m downhole (February 2, 2015 NR, Mariana Resources Ltd., Eric Roth QP);
DH HTD-05: 82.0 metres @ 20.4 g/t gold and 1.9% copper from 147.0 metres downhole, including a bonanza 13.0 meters @ 88.0 g/t gold and 2.5% copper from 150.0 metres (February 12, 2015 NR, Mariana Resources Ltd., Eric Roth QP).
The immediate focus for exploration at Hot Maden is to continue with resource delineation drilling within, and around, the main mineralised zone. Future work will include geophysics and new target generation activities along an extended portion of the Hot Maden Fault Zone.
Hackett River – 2.0% NSR
The Hackett River property is located in Nunavut, Canada, approximately 480 km northeast of Yellowknife. Hackett River is a silver-rich volcanogenic massive sulphide project and is one of the largest undeveloped projects of its kind. The property is made up of four massive sulphide deposits that occur over a 6.6 km strike distance.
A preliminary economic assessment updated in 2010 evaluated a possible large-scale open pit and underground operation, processing up to 17,000 tonnes per day. The most recent Technical Report, completed in 2013, contained a mineral resource estimate prepared by Sabina Gold and Silver Corporation, with technical support from Xstrata Canada Corporation, now Glencore plc. The updated resource reported 25.0 million tonnes of indicated resources containing 4.2% zinc and 130.0 g/t silver plus 57.0 million tonnes of inferred resources with 3.0% zinc and 100.0 g/t silver.
Sandstorm's 2.0% NSR royalty covers 7,141 hectares of the Hackett River property including the licenses where the mineral resources have been defined.
Lobo-Marte – 1.75% NSR (on 60% of production)
The Lobo-Marte project contains two potential open-pit gold resources located in the Maricunga Gold District of Chile. The resources are seven kilometers apart, and are located 60 km south of Kinross's La Coipa mine, and 60 km north of Kinross's Refugio mine, 100 kilometres east of Copiapó.
Kinross completed a prefeasibility study at Lobo-Marte that contemplated a heap-leach operation and submitted an environmental and social impact study to Chilean authorities. Kinross has since withdrawn its permit application due to changes in the plan of operations, project economics, and other factors. As a result of the permit withdrawal, much of the historic 7.0 million ounces of measured and indicated gold resources, contained in 185.4 Mt @ 1.2 g/t gold, were reclassified from historic mineral reserves. Future development and operations at Lobo-Marte will require the re-initiation of the permitting process.
Sandstorm holds a 1.75% net smelter return royalty on 60% of future production at Lobo-Marte, up to a maximum of US$40 million.
Copper Mountain – 5.0% NSR on copper, 2.5% NSR on other metals
The Copper Mountain mine is a large-scale, open pit copper-gold-silver mine, operated by Copper Mountain Mining Corporation. The mine is located 300 km east from the port of Vancouver, in southern British Columbia. Mining began in 2011 and with the recent addition of a secondary crusher to the project, the mine has been able to achieve production rates up to 40,000 tonnes per day from multiple open pits. During the full year 2014, Copper Mountain produced 81 million pounds of copper, 22,600 ounces of gold and 443,800 ounces of silver at an operating cost of $1.49/pound, net of by-products.
Sandstorm holds a 5.0% NSR on copper, and a 2.5% NSR on all other metals produced from the Alabama and Virginia pits, located to the north of the Copper Mountain Superpit. The copper royalty is a sliding scale royalty and is a 5.0% NSR at copper prices above US$1.20 per pound. Mining operations are active at the Virginia pit and Sandstorm expects to receive cash flow from this royalty in 2016.
Ağı Dağı/Kirazli – US$10/ounce
The Ağı Dağı and Kirazlı gold development projects are located in the Çanakkale Province of northwestern Turkey. A positive pre-feasibility study (PFS) was completed by Dr. Dennis Ferrigno, CAF & Associates, LLC et al. on Ağı Dağı and Kirazli in 2012 with both projects evaluated for a potential stand-alone open-pit, heap-leach operation. The PFS evaluated production for an average 99,000 ounces of gold per year over a 5 year mine life at Kirazli. The PFS at Ağı Dağı evaluated production for an average of 143,000 ounces of gold per year over a 7 year mine life. Initial production from Ağı Dağı is projected to commence approximately 18 months after first production at Kirazli.
Sandstorm holds a US$10/ounce production royalty payable by Newmont, subject to a maximum of 600,000 ounces from Ağı Dağı and a maximum of 250,000 from Kirazli.
Öksüt – 0.5%-1.5% NSR
The Öksüt property contains an epithermal precious metals resource, located on the Anatolian Plateau in south-central Turkey, near the city of Develi. The property is owned and operated by Centerra. In July 2015, Centerra completed a feasibility study which evaluated a conventional truck and shovel, open pit, heap leach mining operation. The property contains probable reserves of 26.1 Mt @ 1.4 g/t gold, containing 1.16 million ounces of gold. The Öksüt feasibility study evaluates a mine plan that incorporates two open pits that are operated over an eight year mine life. Centerra has received environmental permits and pending final permits proposes to begin construction in mid-2016 with heap leach processing to begin in the first quarter of 2017.
Sandstorm holds a 0.5% to 1.5% NSR royalty based on cumulative production at the mine. The 0.5% NSR royalty begins after 250,000 ounces have been produced at Öksüt. Centerra has a right of first offer on the sale of the Öksüt royalty.
— OTHER ROYALTIES
Below is a list of the other assets that make up the Royalty Package.
http://www.prnewswire.com/news-releases/sandstorm-gold-annou…
Hallo,
kann mir jemand erklären, warum der Kurs Mitte/Ende Januar so abgeschmiert ist?
Ich finde die Präsentation von Sandstorm nicht so prall. Vielleicht habe ich es überlesen, aber wie hoch sind die Schulden? Und vor allen die AISC?
Hoffe jemand kann mir die Fragen beantworten.
Danke
kann mir jemand erklären, warum der Kurs Mitte/Ende Januar so abgeschmiert ist?
Ich finde die Präsentation von Sandstorm nicht so prall. Vielleicht habe ich es überlesen, aber wie hoch sind die Schulden? Und vor allen die AISC?
Hoffe jemand kann mir die Fragen beantworten.
Danke
Zudem würde mich interessieren, was ihr von der Vorgehensweise des MM haltet, das ja immer wieder neue Projekte hinzu kauft. Ich denke damit kann man sich sehr schnell übernehmen.
Danke
Danke
Mon, 8th Feb 2016 08:31
LONDON (Alliance News) - Mariana Resources Ltd shares rose on Monday after it said it has hit "exceptionally high grade" gold and copper mineralisation near the surface at the Hot Maden project in Turkey and said the latest set of results host the best intersection to date.
Mariana shares were up 8.6% to 1.71 pence per share on Monday morning.
"The exceptional drill hole, HTD-34, represents our best hole to date and, together with HTD-35, the drilling continues to deliver ounces outside of the reported mineral resource estimate," said Chief Executive Glen Parsons.
Hole HTD-34 produced an intercept of 71 metres at 32.7 grammes of gold per tonne of ore and 1.9% copper from a 55 metre downhole, including 22 metres at 83.9 grammes of gold per tonne of ore and 1.8% copper from an 89 metre downhole.
HTD-35 reported an intercept of 63.6 metres at 14.5 grammes of gold per tonne of ore and 3.4% copper from a 46.8 metre downhole, including 21 metres at 38.9 grammes of gold per tonne of ore and 5.1% copper from an 85 metre downhole.
The ongoing drilling at Hot Maden is aimed at extending the existing resource at the project, and Mariana said it will speed up drilling on site after securing a second rig.
Mariana is hoping to complete a maiden preliminary economic assessment for the project, aimed at outlining the commercial viability and financial projections of a producing project, late in the third quarter of this year or early in the fourth.
LONDON (Alliance News) - Mariana Resources Ltd shares rose on Monday after it said it has hit "exceptionally high grade" gold and copper mineralisation near the surface at the Hot Maden project in Turkey and said the latest set of results host the best intersection to date.
Mariana shares were up 8.6% to 1.71 pence per share on Monday morning.
"The exceptional drill hole, HTD-34, represents our best hole to date and, together with HTD-35, the drilling continues to deliver ounces outside of the reported mineral resource estimate," said Chief Executive Glen Parsons.
Hole HTD-34 produced an intercept of 71 metres at 32.7 grammes of gold per tonne of ore and 1.9% copper from a 55 metre downhole, including 22 metres at 83.9 grammes of gold per tonne of ore and 1.8% copper from an 89 metre downhole.
HTD-35 reported an intercept of 63.6 metres at 14.5 grammes of gold per tonne of ore and 3.4% copper from a 46.8 metre downhole, including 21 metres at 38.9 grammes of gold per tonne of ore and 5.1% copper from an 85 metre downhole.
The ongoing drilling at Hot Maden is aimed at extending the existing resource at the project, and Mariana said it will speed up drilling on site after securing a second rig.
Mariana is hoping to complete a maiden preliminary economic assessment for the project, aimed at outlining the commercial viability and financial projections of a producing project, late in the third quarter of this year or early in the fourth.
Antwort auf Beitrag Nr.: 51.672.565 von Physisch am 05.02.16 22:13:39du bist sicher, dass du das geschäftsmodell von sandstorm verstanden hast ?
(ernst gemeint); warum, glaubst du hast du noch keine antwort erhalten ?
sandstorm ist ein streamer !; sandstorm hat in dem sinne keine asics !, etc.
vielleicht opferst du doch mal ein paar stunden und liest das brett hier einfach mal quer.
vielleicht hilft dir das, zumal wenn du vorhast hier zu investieren, .... oder bist du gar ?
elsolivars
(ernst gemeint); warum, glaubst du hast du noch keine antwort erhalten ?
sandstorm ist ein streamer !; sandstorm hat in dem sinne keine asics !, etc.
vielleicht opferst du doch mal ein paar stunden und liest das brett hier einfach mal quer.
vielleicht hilft dir das, zumal wenn du vorhast hier zu investieren, .... oder bist du gar ?
elsolivars
für die, die es noch nicht wissen sollten :
China plans to launch yuan-denominated gold fix on April 19 – sources
3 340 33 Google+0
Feb 25, 2016 - 12:56 PM GMT
by Meimei Qin
(Updated to include background on banks that may participate in the yuan-denominated fixing)
London 25/02/2016 – China plans to launch its new yuan-denominated gold pricing fix on April 19 this year, sources familiar with the matter said on Thursday.
The launch date has been officially settled and draft trading rules have been sent out to those banks that will be involved in the Shanghai fixing, FastMarkets understands.
The banks that will participate in the planned launch are predominently Chinese but FastMarkets understands that foreign banks could also be involved, according to sources.
It is likely that the 10 banks that are official market makers in the system set up by the SGE in January to facilitate interbank gold trading will participate in the yuan-denominated fixing, one source said.
Most Chinese banks in the list of ‘official’ market makers probably will be involved in the fix, the source noted, alongside one foreign bank.
The 10 ‘official’ market makers are ICBC, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, China CITIC Bank, China Merchants Bank, Industrial Bank Co, Bank of Ningbo and ANZ (China).
The SGE is looking to bring more foreign banks on broad, a well-informed source said.
The new benchmark will be run through the state-owned Shanghai Gold Exchange (SGE), the world’s largest physical gold exchange.
The SGE declined to comment.
(Editing by Mark Shaw)
- See more at: http://www.bulliondesk.com/gold-news/update-china-plans-to-l…
elsolivars
China plans to launch yuan-denominated gold fix on April 19 – sources
3 340 33 Google+0
Feb 25, 2016 - 12:56 PM GMT
by Meimei Qin
(Updated to include background on banks that may participate in the yuan-denominated fixing)
London 25/02/2016 – China plans to launch its new yuan-denominated gold pricing fix on April 19 this year, sources familiar with the matter said on Thursday.
The launch date has been officially settled and draft trading rules have been sent out to those banks that will be involved in the Shanghai fixing, FastMarkets understands.
The banks that will participate in the planned launch are predominently Chinese but FastMarkets understands that foreign banks could also be involved, according to sources.
It is likely that the 10 banks that are official market makers in the system set up by the SGE in January to facilitate interbank gold trading will participate in the yuan-denominated fixing, one source said.
Most Chinese banks in the list of ‘official’ market makers probably will be involved in the fix, the source noted, alongside one foreign bank.
The 10 ‘official’ market makers are ICBC, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, China CITIC Bank, China Merchants Bank, Industrial Bank Co, Bank of Ningbo and ANZ (China).
The SGE is looking to bring more foreign banks on broad, a well-informed source said.
The new benchmark will be run through the state-owned Shanghai Gold Exchange (SGE), the world’s largest physical gold exchange.
The SGE declined to comment.
(Editing by Mark Shaw)
- See more at: http://www.bulliondesk.com/gold-news/update-china-plans-to-l…
elsolivars
Antwort auf Beitrag Nr.: 51.840.442 von elsolivars am 26.02.16 00:16:36
Klar hat der Fragesteller keine Ahnung, aber die "AISC" von Sandstorm wären in der Tat recht interessant. Folgendermaßen zu berechnen: "Cashcosts" = der Preis, für welchen Sandstorm die Unzen im Schnitt bekommt, AISC= Alle anderen Kosten von Sandstorm draufgerechnet.
Auf so eine Berechnung seitens des Unternehmens dürfte man allerdings lange warten können. Macht sich optisch nicht so klasse.
Zitat von elsolivars: sandstorm ist ein streamer !; sandstorm hat in dem sinne keine asics !, etc.
Klar hat der Fragesteller keine Ahnung, aber die "AISC" von Sandstorm wären in der Tat recht interessant. Folgendermaßen zu berechnen: "Cashcosts" = der Preis, für welchen Sandstorm die Unzen im Schnitt bekommt, AISC= Alle anderen Kosten von Sandstorm draufgerechnet.
Auf so eine Berechnung seitens des Unternehmens dürfte man allerdings lange warten können. Macht sich optisch nicht so klasse.
Antwort auf Beitrag Nr.: 51.840.442 von elsolivars am 26.02.16 00:16:36Werde nicht in diese Aktie investieren... Bin nur beim surfen auf den Wert gestoßen und habe mir den mal ganz kurz angesehen. Wollte einfach mal kurz ein paar Infos...
Entscheide auch nicht anhand der Foreneinträge oder Antworten ob ich in einen Wert investiere. Wie gesagt, wollte einfach mehr erfahren...
Euch weiterhin viel Glück
Entscheide auch nicht anhand der Foreneinträge oder Antworten ob ich in einen Wert investiere. Wie gesagt, wollte einfach mehr erfahren...
Euch weiterhin viel Glück
Sandstorm Gold Announces Amendment with Entrée Gold, Receives US$5.5 Million in Cash
Vancouver, British Columbia | March 1, 2016
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) has amended its metal credit purchase agreement with Entrée Gold Inc. (“Entrée”). In exchange for US$5.5 million in cash and 5.1 million common shares in the capital of Entrée (the “Consideration”), Sandstorm has agreed to reduce, by 17%, the amount of metal credits that the Company is contracted to purchase under the metal credit purchase agreement. The Consideration received by Sandstorm represents 17% of the value of the original metal credit purchase agreement completed with Entrée in 2013.
Under the amended agreement, Sandstorm has the right to purchase metal credits from Entrée equivalent to 5.62% and 4.26% of the gold and silver by-products produced from the Hugo North Extension and Heruga deposits in Mongolia, respectively, and 0.42% of the copper produced from the deposits.
The original metal credit purchase agreement between Sandstorm and Entrée contemplated certain events that would require Entrée to repay a portion of Sandstorm’s upfront deposit. The newly amended agreement maintains these same contractual protections for the benefit of Sandstorm should one of these events occur in the future, but the amendment provides flexibility in terms of how Entrée will refund up to an additional 17% of the refundable deposit if necessary.
The US$5.5 million in proceeds from this amendment will be used to repay amounts owing on the Company’s revolving debt facility.
FROOME ZONE CONTINUES TO GROW AND DEMONSTRATES SIGNIFICANT CONTINUITY OF MINERALIZATION
After receiving positive exploration results in 2015, Primero Mining Corp. (“Primero”) has aggressively targeted the Froome zone, located approximately 800 metres west of the Black Fox mine. This area continues to demonstrate significant gold mineralization over wide widths. Highlights from recent drilling at the Froome zone include 5.0 g/t gold over 42.9 metres true width (15PR-G011), 4.6 g/t gold over 35.3 metres true width (15PR-G031) and 6.0 g/t gold over 25.6 metres true width (15PR-G048). Additionally, Primero recently completed a drill hole to test the down plunge extent and continuity of mineralization, which featured notable intercepts of 6.1 g/t gold over 44.1 metres, 7.2 g/t gold over 14.7 metres, and 7.7 g/t gold over 102.6 metres (15PR-G016).
Recent drilling continues to confirm Primero’s exploration thesis that the long intercepts of significant gold grades found at the Froome zone represent a different style of gold mineralization than seen at the nearby Black Fox deposit. Notably, the Froome zone demonstrates gold mineralization with consistent grades and good continuity which may make the zone amenable to bulk underground mining techniques. The Froome zone has been delineated from the bedrock surface, located 18 metres below the ground surface level, to approximately 260 metres below surface, and continues to remain open to the east, west and at depth.
Froome is a priority for surface exploration at Black Fox in 2016. Primero expects to complete approximately 25,000 metres of drilling by May 2016 in order to define and delineate the Froome deposit, and will evaluate the deposit as a medium term alternative to complement Black Fox ore in order to fill the mill beyond the end of 2017. An initial resource estimate for the Froome zone based on the results of all drilling received to-date is expected to be included with Primero’s year-end reserves and resources update in early March 2016.
For more information and complete drill results, visit the Primero website at http://www.primeromining.com/English/investors/news/default.… and see the press release dated February 29, 2016.
Sandstorm has a gold stream agreement to purchase 8% of the gold produced from the Black Fox mine at $524 per ounce. The gold stream applies to an area of interest that includes the recently discovered Froome zone.
SANDSTORM COUNTERPARTIES BEING ACQUIRED
Recently, a number of mineral properties underlying Sandstorm’s streams and royalties have been acquired by larger, better capitalized organizations. The most recent examples include Lake Shore Gold Corp.’s (“Lake Shore”) announced business combination with Tahoe Resources Inc. (see Lake Shore press release dated February 8, 2016) and the announced acquisition of Magellan Minerals Ltd. (“Magellan”) by Anfield Nickel Corp. (see Magellan press release dated February 16, 2016). Sandstorm holds a 1.0% net smelter returns (“NSR”) royalty on the entirety of Lake Shore’s Thunder Creek and 144 deposits, and has a 2.5% NSR on Magellan’s Coringa property and a 1.0% NSR on the Cuiu Cuiu project. Other projects underlying Sandstorm streams and royalties that were acquired during the last twelve months include:
Project Name Former Owner Present Owner Sandstorm Interest
Santa Elena SilverCrest Mines Inc. First Majestic Silver Corp. 20% of gold @ $357/ounce
Mt. Hamilton Solitario Waterton Global Resources Management 2.4% NSR
East My-Ritt Mega Precious Metals Inc. Yamana Gold Inc. 0.5% NSR
Windfall Lake Eagle Hill Exploration Corp. Oban Mining 0.5%-1.0% NSR
Buffelsfontein Village Main Reef Ltd. Heaven-Sent Capital 1.0% NSR
Vancouver, British Columbia | March 1, 2016
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) has amended its metal credit purchase agreement with Entrée Gold Inc. (“Entrée”). In exchange for US$5.5 million in cash and 5.1 million common shares in the capital of Entrée (the “Consideration”), Sandstorm has agreed to reduce, by 17%, the amount of metal credits that the Company is contracted to purchase under the metal credit purchase agreement. The Consideration received by Sandstorm represents 17% of the value of the original metal credit purchase agreement completed with Entrée in 2013.
Under the amended agreement, Sandstorm has the right to purchase metal credits from Entrée equivalent to 5.62% and 4.26% of the gold and silver by-products produced from the Hugo North Extension and Heruga deposits in Mongolia, respectively, and 0.42% of the copper produced from the deposits.
The original metal credit purchase agreement between Sandstorm and Entrée contemplated certain events that would require Entrée to repay a portion of Sandstorm’s upfront deposit. The newly amended agreement maintains these same contractual protections for the benefit of Sandstorm should one of these events occur in the future, but the amendment provides flexibility in terms of how Entrée will refund up to an additional 17% of the refundable deposit if necessary.
The US$5.5 million in proceeds from this amendment will be used to repay amounts owing on the Company’s revolving debt facility.
FROOME ZONE CONTINUES TO GROW AND DEMONSTRATES SIGNIFICANT CONTINUITY OF MINERALIZATION
After receiving positive exploration results in 2015, Primero Mining Corp. (“Primero”) has aggressively targeted the Froome zone, located approximately 800 metres west of the Black Fox mine. This area continues to demonstrate significant gold mineralization over wide widths. Highlights from recent drilling at the Froome zone include 5.0 g/t gold over 42.9 metres true width (15PR-G011), 4.6 g/t gold over 35.3 metres true width (15PR-G031) and 6.0 g/t gold over 25.6 metres true width (15PR-G048). Additionally, Primero recently completed a drill hole to test the down plunge extent and continuity of mineralization, which featured notable intercepts of 6.1 g/t gold over 44.1 metres, 7.2 g/t gold over 14.7 metres, and 7.7 g/t gold over 102.6 metres (15PR-G016).
Recent drilling continues to confirm Primero’s exploration thesis that the long intercepts of significant gold grades found at the Froome zone represent a different style of gold mineralization than seen at the nearby Black Fox deposit. Notably, the Froome zone demonstrates gold mineralization with consistent grades and good continuity which may make the zone amenable to bulk underground mining techniques. The Froome zone has been delineated from the bedrock surface, located 18 metres below the ground surface level, to approximately 260 metres below surface, and continues to remain open to the east, west and at depth.
Froome is a priority for surface exploration at Black Fox in 2016. Primero expects to complete approximately 25,000 metres of drilling by May 2016 in order to define and delineate the Froome deposit, and will evaluate the deposit as a medium term alternative to complement Black Fox ore in order to fill the mill beyond the end of 2017. An initial resource estimate for the Froome zone based on the results of all drilling received to-date is expected to be included with Primero’s year-end reserves and resources update in early March 2016.
For more information and complete drill results, visit the Primero website at http://www.primeromining.com/English/investors/news/default.… and see the press release dated February 29, 2016.
Sandstorm has a gold stream agreement to purchase 8% of the gold produced from the Black Fox mine at $524 per ounce. The gold stream applies to an area of interest that includes the recently discovered Froome zone.
SANDSTORM COUNTERPARTIES BEING ACQUIRED
Recently, a number of mineral properties underlying Sandstorm’s streams and royalties have been acquired by larger, better capitalized organizations. The most recent examples include Lake Shore Gold Corp.’s (“Lake Shore”) announced business combination with Tahoe Resources Inc. (see Lake Shore press release dated February 8, 2016) and the announced acquisition of Magellan Minerals Ltd. (“Magellan”) by Anfield Nickel Corp. (see Magellan press release dated February 16, 2016). Sandstorm holds a 1.0% net smelter returns (“NSR”) royalty on the entirety of Lake Shore’s Thunder Creek and 144 deposits, and has a 2.5% NSR on Magellan’s Coringa property and a 1.0% NSR on the Cuiu Cuiu project. Other projects underlying Sandstorm streams and royalties that were acquired during the last twelve months include:
Project Name Former Owner Present Owner Sandstorm Interest
Santa Elena SilverCrest Mines Inc. First Majestic Silver Corp. 20% of gold @ $357/ounce
Mt. Hamilton Solitario Waterton Global Resources Management 2.4% NSR
East My-Ritt Mega Precious Metals Inc. Yamana Gold Inc. 0.5% NSR
Windfall Lake Eagle Hill Exploration Corp. Oban Mining 0.5%-1.0% NSR
Buffelsfontein Village Main Reef Ltd. Heaven-Sent Capital 1.0% NSR
dreifachtief könnte sich bestätigen. ausbruch heute über das alte verlaufshoch gelingen.
drücken wir die daumen. danach könnte es schnell auf $4.50 und danach $5 laufen
6 monate
1 jahr
drücken wir die daumen. danach könnte es schnell auf $4.50 und danach $5 laufen
6 monate
1 jahr
Hier mal ein kleines Update
http://www.prnewswire.com/news-releases/sandstorm-gold-provi…
Sandstorm Gold Provides Asset Updates
VANCOUVER, Feb. 17, 2016 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) is pleased to provide an update at various projects underlying the Company's streams and royalties.
TRUE GOLD ANNOUNCES STACKING OF ORE ON LEACH PADS AT KARMA
Construction at the Karma Gold Mine ("Karma") owned by True Gold Mining Inc. ("True Gold"), is approximately 94% complete with commissioning activities underway. Over 500,000 tonnes of stockpiled ore are providing the initial feed to the fully commissioned soft rock crusher, agglomeration and stacking circuit. The agglomerated ore is currently being stacked on the leach pad. Other highlights related to True Gold's progress at Karma are listed below:
Piping and solution collection systems for leach pad cells 1 to 3 have been completed;
Construction of the three process solution ponds (pregnant, intermediate, and barren) is complete;
The ADR plant is nearing completion with the final installation of piping, electrical and instrumentation remaining; and
Phase I of the grade control drilling program for the Goulagou II pit has been successfully completed and the results are consistent with the anticipated tonnage and grade for the volume drilled.
Sandstorm has a gold stream agreement to purchase 25,000 ounces of gold over five years and 1.625% of the gold produced thereafter from the Karma Project. Sandstorm will make ongoing payments of 20% of the spot price of gold for each ounce purchased from True Gold.
For more information, visit the True Gold website at www.truegoldmining.com and see the press release dated February 11, 2016.
MARIANA RESOURCES ANNOUNCES HIGHEST GRADE GOLD-COPPER INTERCEPT AT HOT MADEN
Mariana Resources Ltd. ("Mariana"), continues to report high grade, near-surface gold-copper mineralization from drilling at the Hot Maden project in Turkey ("Hot Maden"). The most recent results include the highest grade gold-copper intercept to date. The key intercepts from the eight drill holes include:
HTD-34: 71.0 metres @ 32.7 grams per tonne (g/t) gold and 1.9% copper from 55 metres downhole, including 22.0 metres @ 83.9 g/t gold and 1.8% copper from 89 metres downhole.
HTD-35: 63.6 metres @ 14.5 g/t gold and 3.4% copper from 46.8 metres downhole, including 21.0 metres @ 38.9 g/t gold and 5.1% copper from 85 metres downhole.
The resource extension drilling at Hot Maden is ongoing and is expected to be accelerated with the addition of a second drill rig. There is also metallurgical test work underway to evaluate crushing and grinding methods and the resulting gold-copper recoveries. Mariana expects that a maiden Preliminary Economic Assessment of Hot Maden will be completed in Q4 2016.
For more information and complete drill results visit the Mariana Resources website at www.marianaresources.com/news/news-2016 and see the press release dated February 8, 2016.
Sandstorm holds a 2.0% net smelter returns ("NSR") royalty on the Hot Maden project.
LAKE SHORE GOLD ANNOUNCES LARGE INITIAL RESOURCE AT 144 GAP DEPOSIT
Lake Shore Gold Corp. ("Lake Shore") announced the completion of an initial resource estimate for the 144 Gap Deposit located in Timmins, Ontario (February 8, 2016 News Release). The reported resource contains 301,700 contained ounces of gold in the Indicated category and 319,200 ounces of gold in the Inferred category as outlined below:
Category
Tonnes
Capped Grade
(g/t Au)
Ounces Au
Indicated
1,734,000
5.41
301,700
Inferred
1,914,000
5.19
319,200
Mineral resource estimates have been classified according to CIM Definitions and Guidelines.
Mineral resources incorporate a minimum cut-off grade of 2.6 grams per tonne gold.
Mineral resources are not reserves and are not economically viable.
Cut-off grade is determined using a weighted average gold price of US$1,100 per ounce and an exchange rate of $0.90 $US/$CAD.
Cut-off grades assume mining, G&A and trucking costs of $74 per tonne and processing costs of $22 per tonne. Metallurgical recoveries are estimated at 97.0% based on initial test work.
Mineral resources have been estimated using Inverse Distance Squared estimation method and gold grades which have been capped between 70 and 120 grams per tonne based on statistical analysis of each zone.
Assumed minimum mining width is two metres.
The resource estimate was completed using a total of 291 holes of new drilling for a total of 176,332 metres. The resources are contained in nine separate zones lying between the 600 metre and 1,000 metre levels. Average horizontal widths are estimated at between 30-50 metres.
The resource estimate has not been filed on SEDAR, but is anticipated to be filed within 45 days from the announcement date of February 8, 2016.
The mineral resources were prepared under the supervision of, and verified by, Eric Kallio, P.Geo., Senior Vice-President, Exploration, Lake Shore Gold Corp., who is a qualified person under NI 43-101 and an employee of Lake Shore Gold.
Tonnes information is rounded to the nearest thousand and gold ounces to the nearest one hundred. As a result, totals may not add exactly due to rounding.
Subsequent to the closure of the database for resource estimation, Lake Shore completed an additional 47 holes (10,134 metres) of core drilling within and surrounding the new resource. The results from these holes generally confirm the original work and highlight new opportunities for resource expansion.
For more information and complete drill results, visit the Lake Shore website at www.lsgold.com/Investor-Centre/Press-Releases/default.aspx and see the press release dated February 8, 2016.
Sandstorm holds a 1.0% NSR royalty on the 144 Gap Deposit.
SANDSTORM PROVIDES UPDATE ON TECK TRANSACTION, RECEIVES FIRST PAYMENT FROM YAMANA STREAMS
Teck Royalty Package
Sandstorm announced an agreement to acquire 56 royalties from Teck Resources Limited on January 19, 2016. Since that time, 36 of the royalties have been transferred to the Company, including the 2.0% NSR royalty on the Hot Maden project referenced above. The remaining royalties are subject to various transfer consents and are expected to close before the end of April 2016. It is expected that Centerra Gold Inc. will exercise the right of first refusal option on the Öksüt royalty, reducing Sandstorm's purchase price for the royalty package from US$22 million to US$19 million.
Yamana Streams
In February, Sandstorm received its first silver and copper payment from Yamana Gold Inc. ("Yamana") in connection with to the multi-asset stream transaction announced on October 27, 2015. The silver streams are on Yamana's Minera Florida mine in Chile and the Chapada mine in Brazil. Sandstorm expects to receive approximately 300,000 silver ounces from the silver streams in 2016. The copper stream is also on the Chapada mine and Sandstorm expects to receive 3.9 million pounds of copper this year.
Based on current commodity prices, it is anticipated that the silver and copper streams will generate approximately US$8.0 million of cash flow in 2016, increasing to US$19.0 million per annum by 2019.
QUALIFIED PERSON, QA/QC
Keith Laskowski (MSc), Sandstorm's Vice President, Technical Services is a Qualified Professional (#01221QP) of the Mining and Metallurgical Society of America and a Qualified Person as defined by Canadian National Instrument 43-101. Mr. Laskowski has not independently verified the resource estimates contained in this disclosure. He has reviewed and approved the technical information in this press release.
Mariana Resources
Mineralised intervals presented for Hot Maden are drill intersection widths and may not represent true widths of mineralisation. Drill core obtained from the diamond drill program is dominantly HQ-sized core with the remainder being PQ-sized core. All drill core is photographed and quick logged prior to sampling. Standard sampling protocol involves the halving of all drill core and sampling over generally 1 metre intervals (in clearly mineralized sections) or 2 metre intervals (elsewhere), with one half of the core being placed in a sealed sample bag and dispatched to the analytical laboratory for analysis and one half remaining on-site in core trays.
Analyses of all samples are performed at ALS Laboratories' facility in Izmir, western Turkey. All samples are analyzed for gold using a 30 gram Fire Assay with AAS finish, in addition to a 33 element ICP-AES analysis using a four acid digest (ME-ICP61). Samples in which ICP analyses returned greater than the maximum detection limit for the elements Ag (100 ppm), Cu (10,000 ppm), Fe (50%), Pb (10,000 ppm), and Zn (10,000 ppm) are reanalyzed using the AAS analytical technique. Standards and blanks are inserted in to the analytical sequence on the basis of one standard for every 20 samples, 2 blanks in every batch, and one duplicate every 40 samples.
Lake Shore Gold
Lake Shore has implemented a quality-control program to ensure best practice in the sampling and analysis of the drill core. Assays have been completed using a standard fire assay with a 30-gram aliquot. For samples that return a value greater than 10 g/t gold, the sample is fire assayed with a gravimetric finish. Select zones with visible gold are tested by pulp metallic analysis. NQ size surface drill core is saw cut and half the drill core is sampled in standard intervals. The remaining half of the core is stored in a secure location. BQ size underground drill core is either saw cut or whole core sampled. The drill core is transported in security sealed bags for preparation to the ALS Minerals analytical facility located in Val d'Or Quebec for fire assay. This ALS Minerals facility is registered ISO 9001-2008 (CERT-0051527) and is SCC ISO/IEC 17025:2005 Accredited (#689). Most underground drill core is analyzed by Activation Laboratories Ltd. (Actlabs) in Timmins, Ontario. Actlabs is an ISO/IEC 17025:2005 Accredited laboratory. Lake Shore did not provide QA/QC information regarding geochemical standards or duplicates.
ABOUT SANDSTORM GOLD
Sandstorm Gold Ltd. is a gold streaming and royalty company. Sandstorm provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine. Sandstorm has acquired a portfolio of 132 streams and royalties, of which 19 of the underlying mines are producing. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold streams and royalties.
For more information visit: www.sandstormgold.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This press release contains "forward-looking statements", within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Sandstorm. Forward-looking statements include, but are not limited to, statements with respect to the future price of gold, the estimation of mineral reserves and resources, realization of mineral reserve estimates, and the timing and amount of estimated future production. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans", or similar terminology.
Forward-looking statements are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performances or achievements of Sandstorm to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Sandstorm will operate in the future, including the price of gold and anticipated costs. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others, gold price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks relating to the parties which produce the gold Sandstorm will purchase, regulatory restrictions, activities by governmental authorities (including changes in taxation), currency fluctuations, the global economic climate, dilution, share price volatility and competition.
Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of Sandstorm to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the impact of general business and economic conditions, the absence of control over mining operations from which Sandstorm will purchase gold and risks related to those mining operations, including risks related to international operations, government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined, risks in the marketability of minerals, fluctuations in the price of gold, fluctuation in foreign exchange rates and interest rates, stock market volatility, as well as those factors discussed in the section entitled "Risks to Sandstorm" in Sandstorm's annual report for the financial year ended December 31, 2014 available at www.sedar.com. Although Sandstorm has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Sandstorm does not undertake to update any forward looking statements that are contained or incorporated by reference, except in accordance with applicable securities laws.
SOURCE Sandstorm Gold Ltd.
http://www.prnewswire.com/news-releases/sandstorm-gold-provi…
Sandstorm Gold Provides Asset Updates
VANCOUVER, Feb. 17, 2016 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) is pleased to provide an update at various projects underlying the Company's streams and royalties.
TRUE GOLD ANNOUNCES STACKING OF ORE ON LEACH PADS AT KARMA
Construction at the Karma Gold Mine ("Karma") owned by True Gold Mining Inc. ("True Gold"), is approximately 94% complete with commissioning activities underway. Over 500,000 tonnes of stockpiled ore are providing the initial feed to the fully commissioned soft rock crusher, agglomeration and stacking circuit. The agglomerated ore is currently being stacked on the leach pad. Other highlights related to True Gold's progress at Karma are listed below:
Piping and solution collection systems for leach pad cells 1 to 3 have been completed;
Construction of the three process solution ponds (pregnant, intermediate, and barren) is complete;
The ADR plant is nearing completion with the final installation of piping, electrical and instrumentation remaining; and
Phase I of the grade control drilling program for the Goulagou II pit has been successfully completed and the results are consistent with the anticipated tonnage and grade for the volume drilled.
Sandstorm has a gold stream agreement to purchase 25,000 ounces of gold over five years and 1.625% of the gold produced thereafter from the Karma Project. Sandstorm will make ongoing payments of 20% of the spot price of gold for each ounce purchased from True Gold.
For more information, visit the True Gold website at www.truegoldmining.com and see the press release dated February 11, 2016.
MARIANA RESOURCES ANNOUNCES HIGHEST GRADE GOLD-COPPER INTERCEPT AT HOT MADEN
Mariana Resources Ltd. ("Mariana"), continues to report high grade, near-surface gold-copper mineralization from drilling at the Hot Maden project in Turkey ("Hot Maden"). The most recent results include the highest grade gold-copper intercept to date. The key intercepts from the eight drill holes include:
HTD-34: 71.0 metres @ 32.7 grams per tonne (g/t) gold and 1.9% copper from 55 metres downhole, including 22.0 metres @ 83.9 g/t gold and 1.8% copper from 89 metres downhole.
HTD-35: 63.6 metres @ 14.5 g/t gold and 3.4% copper from 46.8 metres downhole, including 21.0 metres @ 38.9 g/t gold and 5.1% copper from 85 metres downhole.
The resource extension drilling at Hot Maden is ongoing and is expected to be accelerated with the addition of a second drill rig. There is also metallurgical test work underway to evaluate crushing and grinding methods and the resulting gold-copper recoveries. Mariana expects that a maiden Preliminary Economic Assessment of Hot Maden will be completed in Q4 2016.
For more information and complete drill results visit the Mariana Resources website at www.marianaresources.com/news/news-2016 and see the press release dated February 8, 2016.
Sandstorm holds a 2.0% net smelter returns ("NSR") royalty on the Hot Maden project.
LAKE SHORE GOLD ANNOUNCES LARGE INITIAL RESOURCE AT 144 GAP DEPOSIT
Lake Shore Gold Corp. ("Lake Shore") announced the completion of an initial resource estimate for the 144 Gap Deposit located in Timmins, Ontario (February 8, 2016 News Release). The reported resource contains 301,700 contained ounces of gold in the Indicated category and 319,200 ounces of gold in the Inferred category as outlined below:
Category
Tonnes
Capped Grade
(g/t Au)
Ounces Au
Indicated
1,734,000
5.41
301,700
Inferred
1,914,000
5.19
319,200
Mineral resource estimates have been classified according to CIM Definitions and Guidelines.
Mineral resources incorporate a minimum cut-off grade of 2.6 grams per tonne gold.
Mineral resources are not reserves and are not economically viable.
Cut-off grade is determined using a weighted average gold price of US$1,100 per ounce and an exchange rate of $0.90 $US/$CAD.
Cut-off grades assume mining, G&A and trucking costs of $74 per tonne and processing costs of $22 per tonne. Metallurgical recoveries are estimated at 97.0% based on initial test work.
Mineral resources have been estimated using Inverse Distance Squared estimation method and gold grades which have been capped between 70 and 120 grams per tonne based on statistical analysis of each zone.
Assumed minimum mining width is two metres.
The resource estimate was completed using a total of 291 holes of new drilling for a total of 176,332 metres. The resources are contained in nine separate zones lying between the 600 metre and 1,000 metre levels. Average horizontal widths are estimated at between 30-50 metres.
The resource estimate has not been filed on SEDAR, but is anticipated to be filed within 45 days from the announcement date of February 8, 2016.
The mineral resources were prepared under the supervision of, and verified by, Eric Kallio, P.Geo., Senior Vice-President, Exploration, Lake Shore Gold Corp., who is a qualified person under NI 43-101 and an employee of Lake Shore Gold.
Tonnes information is rounded to the nearest thousand and gold ounces to the nearest one hundred. As a result, totals may not add exactly due to rounding.
Subsequent to the closure of the database for resource estimation, Lake Shore completed an additional 47 holes (10,134 metres) of core drilling within and surrounding the new resource. The results from these holes generally confirm the original work and highlight new opportunities for resource expansion.
For more information and complete drill results, visit the Lake Shore website at www.lsgold.com/Investor-Centre/Press-Releases/default.aspx and see the press release dated February 8, 2016.
Sandstorm holds a 1.0% NSR royalty on the 144 Gap Deposit.
SANDSTORM PROVIDES UPDATE ON TECK TRANSACTION, RECEIVES FIRST PAYMENT FROM YAMANA STREAMS
Teck Royalty Package
Sandstorm announced an agreement to acquire 56 royalties from Teck Resources Limited on January 19, 2016. Since that time, 36 of the royalties have been transferred to the Company, including the 2.0% NSR royalty on the Hot Maden project referenced above. The remaining royalties are subject to various transfer consents and are expected to close before the end of April 2016. It is expected that Centerra Gold Inc. will exercise the right of first refusal option on the Öksüt royalty, reducing Sandstorm's purchase price for the royalty package from US$22 million to US$19 million.
Yamana Streams
In February, Sandstorm received its first silver and copper payment from Yamana Gold Inc. ("Yamana") in connection with to the multi-asset stream transaction announced on October 27, 2015. The silver streams are on Yamana's Minera Florida mine in Chile and the Chapada mine in Brazil. Sandstorm expects to receive approximately 300,000 silver ounces from the silver streams in 2016. The copper stream is also on the Chapada mine and Sandstorm expects to receive 3.9 million pounds of copper this year.
Based on current commodity prices, it is anticipated that the silver and copper streams will generate approximately US$8.0 million of cash flow in 2016, increasing to US$19.0 million per annum by 2019.
QUALIFIED PERSON, QA/QC
Keith Laskowski (MSc), Sandstorm's Vice President, Technical Services is a Qualified Professional (#01221QP) of the Mining and Metallurgical Society of America and a Qualified Person as defined by Canadian National Instrument 43-101. Mr. Laskowski has not independently verified the resource estimates contained in this disclosure. He has reviewed and approved the technical information in this press release.
Mariana Resources
Mineralised intervals presented for Hot Maden are drill intersection widths and may not represent true widths of mineralisation. Drill core obtained from the diamond drill program is dominantly HQ-sized core with the remainder being PQ-sized core. All drill core is photographed and quick logged prior to sampling. Standard sampling protocol involves the halving of all drill core and sampling over generally 1 metre intervals (in clearly mineralized sections) or 2 metre intervals (elsewhere), with one half of the core being placed in a sealed sample bag and dispatched to the analytical laboratory for analysis and one half remaining on-site in core trays.
Analyses of all samples are performed at ALS Laboratories' facility in Izmir, western Turkey. All samples are analyzed for gold using a 30 gram Fire Assay with AAS finish, in addition to a 33 element ICP-AES analysis using a four acid digest (ME-ICP61). Samples in which ICP analyses returned greater than the maximum detection limit for the elements Ag (100 ppm), Cu (10,000 ppm), Fe (50%), Pb (10,000 ppm), and Zn (10,000 ppm) are reanalyzed using the AAS analytical technique. Standards and blanks are inserted in to the analytical sequence on the basis of one standard for every 20 samples, 2 blanks in every batch, and one duplicate every 40 samples.
Lake Shore Gold
Lake Shore has implemented a quality-control program to ensure best practice in the sampling and analysis of the drill core. Assays have been completed using a standard fire assay with a 30-gram aliquot. For samples that return a value greater than 10 g/t gold, the sample is fire assayed with a gravimetric finish. Select zones with visible gold are tested by pulp metallic analysis. NQ size surface drill core is saw cut and half the drill core is sampled in standard intervals. The remaining half of the core is stored in a secure location. BQ size underground drill core is either saw cut or whole core sampled. The drill core is transported in security sealed bags for preparation to the ALS Minerals analytical facility located in Val d'Or Quebec for fire assay. This ALS Minerals facility is registered ISO 9001-2008 (CERT-0051527) and is SCC ISO/IEC 17025:2005 Accredited (#689). Most underground drill core is analyzed by Activation Laboratories Ltd. (Actlabs) in Timmins, Ontario. Actlabs is an ISO/IEC 17025:2005 Accredited laboratory. Lake Shore did not provide QA/QC information regarding geochemical standards or duplicates.
ABOUT SANDSTORM GOLD
Sandstorm Gold Ltd. is a gold streaming and royalty company. Sandstorm provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine. Sandstorm has acquired a portfolio of 132 streams and royalties, of which 19 of the underlying mines are producing. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold streams and royalties.
For more information visit: www.sandstormgold.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This press release contains "forward-looking statements", within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Sandstorm. Forward-looking statements include, but are not limited to, statements with respect to the future price of gold, the estimation of mineral reserves and resources, realization of mineral reserve estimates, and the timing and amount of estimated future production. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans", or similar terminology.
Forward-looking statements are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performances or achievements of Sandstorm to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Sandstorm will operate in the future, including the price of gold and anticipated costs. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others, gold price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks relating to the parties which produce the gold Sandstorm will purchase, regulatory restrictions, activities by governmental authorities (including changes in taxation), currency fluctuations, the global economic climate, dilution, share price volatility and competition.
Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of Sandstorm to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the impact of general business and economic conditions, the absence of control over mining operations from which Sandstorm will purchase gold and risks related to those mining operations, including risks related to international operations, government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined, risks in the marketability of minerals, fluctuations in the price of gold, fluctuation in foreign exchange rates and interest rates, stock market volatility, as well as those factors discussed in the section entitled "Risks to Sandstorm" in Sandstorm's annual report for the financial year ended December 31, 2014 available at www.sedar.com. Although Sandstorm has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Sandstorm does not undertake to update any forward looking statements that are contained or incorporated by reference, except in accordance with applicable securities laws.
SOURCE Sandstorm Gold Ltd.
Antwort auf Beitrag Nr.: 51.885.831 von KMST am 02.03.16 19:49:392 tage später wurden $4.50 erreicht und heute hat true gold noch ein übernahmeangebot von endeavor erhalten. wieder ein stärkeree counterparty. das royalty portfolio wird langsam aber sicher qualitativ besser, das ausfallrisiko sinkt
Kurzes Video-Interview mit Sandstorm Gold von der PDAC
In diesem Video ab Min. 5:00Greetz
xTRADERx
Vllt haben wird das Glück im nächsten Jahr ein Ausführliches Interview zu Sandstorm zu bekommen die Firma ist Klasse.
Werde nächstes Jahr mal alle Konakte spielen lassen finde die Firma ist leider total unbekannt obwohl das Geschäftsmodell Klasse ist.
Die IR Arbeit der Firma ist "vorbildlich" finde ich man bekommt immer aktuelle Informationen und für meinen Geschmack wird sehr schnell auf Fragen geantwortet.Große Firmen wie Barrick Gold antworten gar nicht auf Fragen von "Kleinaktionären"
https://www.youtube.com/user/sandstormLTD/videos
https://www.youtube.com/watch?v=x0syKAra5Ls
https://www.youtube.com/watch?v=2gr5OOajVW4
Werde nächstes Jahr mal alle Konakte spielen lassen finde die Firma ist leider total unbekannt obwohl das Geschäftsmodell Klasse ist.
Die IR Arbeit der Firma ist "vorbildlich" finde ich man bekommt immer aktuelle Informationen und für meinen Geschmack wird sehr schnell auf Fragen geantwortet.Große Firmen wie Barrick Gold antworten gar nicht auf Fragen von "Kleinaktionären"
https://www.youtube.com/user/sandstormLTD/videos
https://www.youtube.com/watch?v=x0syKAra5Ls
https://www.youtube.com/watch?v=2gr5OOajVW4
Sandstorm Gold Announces Fourth Quarter and Annual Results
VANCOUVER, March 30, 2016 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) has released its results for the fourth quarter and year ended December 31, 2015 (all figures in U.S. dollars).
— FOURTH QUARTER HIGHLIGHTS
Attributable gold equivalent ounces sold1 of 8,951 ounces (Q4 2014 – 10,424 ounces);
Revenue of $9.9 million (Q4 2014 - $12.5 million);
Average cash cost per attributable gold equivalent ounce of $258 resulting in cash operating margins1 of $844 per ounce (Q4 2014 - $308 per ounce and $890 per ounce respectively);
Operating cash flow of $5.0 million (Q4 2014 – $8.9 million);
Net loss of $25.0 million (Q4 2014 – Net income of $2.6 million);
Entered into three agreements with Yamana Gold Inc. ("Yamana") that included a silver stream on the Cerro Moro project in Argentina ("Cerro Moro"), a copper stream on the Chapada mine in Brazil ("Chapada") and an early deposit gold stream on the Agua Rica project in Argentina; and
Completed a $28.8 million equity financing and drew down $110 million on the available credit facility to fund the Yamana transaction. The proceeds from the equity financing and internally generated cash flow were used to reduce the balance on the credit facility to $83.5 million as of the end of the fourth quarter.
— 2015 HIGHLIGHTS
Record attributable gold equivalent ounces sold of 45,146 ounces (FY 2014 – 44,821);
Revenue of $52.7 million (FY 2014 - $56.5 million);
Average cash cost per attributable gold equivalent ounce of $300 resulting in cash operating margins of $867 per ounce (FY 2014 - $321 per ounce and $939 per ounce respectively);
Operating cash flow of $30.8 million (FY 2014 - $35.2 million);
Net loss of $43.1 million (FY 2014 - $11.5 million);
Acquired 30 new streams and royalties on assets in Canada, USA, South America and Africa adding $13 million to $15 million in estimated cash flow for 2016; and
Subsequent to quarter end, the Company announced that it had agreed to acquire 55 royalties from Teck Resources Limited ("Teck") and its affiliates.
"The 2015 year was marked by acquisition and growth for Sandstorm. The assets that we have added to the Company's stream and royalty portfolio will contribute stable cash flow for many years to come, have provided meaningful asset diversification and a significant upgrade in terms of the strength and stability of our mining company counterparties," said Sandstorm President & CEO, Nolan Watson. Mr. Watson added, "We intend to diligently pay down debt in 2016 while continuing to look for accretive opportunities to grow our portfolio of streams and royalties."
— OUTLOOK
Based on the Company's existing gold streams and royalties, attributable gold equivalent production for 2016 is forecasted to be between 40,000 – 50,000 attributable gold equivalent ounces. The Company is forecasting attributable gold equivalent production of approximately 65,000 ounces per annum by 2020.
— FINANCIAL RESULTS DISCUSSION
Precious metals accounted for 83% of the revenue generated during the fourth quarter with the remainder coming from diamonds and base metals.
The Company's administrative costs and expenses increased by approximately $1 million when compared to the same periods in 2014 due to increased corporate activity. Sandstorm allocated a record of $200 million of capital during the 2015 year, resulting in 30 new streams and royalties being added to the portfolio, including four cash flowing assets.
The decreases in cash flow from operations and net income compared to 2014 are attributable to a combination of factors including a non-cash income tax expense related to taxable income previously attributed to its Barbadian subsidiary, a non-cash impairment charge relating to the Company's mineral interests with respect to the Serra Pelada, Emigrant Springs, Mine Waste Solutions and Summit projects, a non-cash increase in depletion expense driven by an increase in attributable gold equivalent ounces sold, a non-cash loss on the revaluation of the Company's investments, an increase in interest expense as the Company fully drew on its revolving credit facility in October 2015, as well as a number of other non-recurring items.
— STREAMS & ROYALTIES: Q4 UPDATES
The Company's revenue was generated by 15 producing mines during the fourth quarter of 2015. Of the gold equivalent ounces delivered to Sandstorm, 58% came from operations in Canada, 26% from the USA and Latin America and 16% from South America and other countries.
Three months ended Dec. 31, 2015
Year ended Dec. 31, 2015
Revenue (in millions)
Gold Equivalent Ounces
Revenue (in millions)
Gold Equivalent Ounces
Canada
$ 5.7
5,200
$ 26.1
22,565
USA & Latin America
$ 2.6
2,332
$ 13.4
11,610
South America & Other
$ 1.6
1,419
$ 13.2
10,971
Total
$ 9.9
8,951
$ 52.7
45,146
Canada
Gold equivalent ounces attributable to Canadian mines were 21% higher than Q4, 2014 due to the contribution from the Diavik mine royalty that was acquired in early 2015. Diavik is Canada's largest diamond mine and is operated by Rio Tinto plc. The increases from Diavik were offset by decreases in gold equivalent ounces from the Bachelor Lake Mine in Quebec, operated by Metanor Resources Inc. ("Metanor"). The decline in production was primarily related to the mine experiencing lower feed grade driven by higher than expected dilution from some stopes. Metanor has been accessing and building out new stopes of higher grade material while focusing its exploration efforts on a new near-surface discovery called the Moroy Zone which has encountered encouraging results thus far.
Two other Canadian projects that had positive exploration results during the quarter were Kirkland Lake Gold Inc.'s HM Claim and Lake Shore Gold Corp.'s ("Lake Shore") 144 Gap Deposit, both located in Ontario. After completing a drill program at the 144 target, Lake Shore released an initial resource estimate that was announced in February 2016. Subsequent to the resource estimate, Tahoe Resources Inc. announced its intention to acquire Lake Shore. Sandstorm holds a 1% net smelter returns ("NSR") royalty on Lake Shore's 144 Gap Deposit and the currently producing Thunder Creek mine.
As part of the Teck Royalty Package completed subsequent to year-end, 22 Canadian royalty assets were added to the Sandstorm portfolio including a 2% NSR on the development stage Hackett River project in the Northwest Territories, owned by Glencore plc.
USA & Latin America
Gold equivalent ounces from the USA and Latin America increased to make up 26% of the ounces sold in the fourth quarter. The increase was driven primarily by a 31% increase in gold ounces from the Santa Elena Mine in Mexico ("Santa Elena") compared to Q4 2014. Santa Elena is operated by First Majestic Silver Corp. ("First Majestic") and since First Majestic acquired Santa Elena in October 2015, there has been an improvement in the mining of underground stopes leading to increases in production at the mine.
South America & Other
The attributable ounces coming from operations in South America and other countries declined by more than 50% compared to the fourth quarter of 2014. The decrease is largely attributed to an 84% decrease in gold ounces sold from the Aurizona mine in Brazil as Luna Gold Corp. ("Luna") finished processing ore from a stockpile and ceased mining operations. Luna has initiated a pre-feasibility study for the restart of the Aurizona mine.
The Company expects its proportion of attributable gold equivalent ounces from South America to increase during 2016, as the silver and copper streams with Yamana on assets in Chile and Brazil are contributing to production totals.
True Gold Mining Inc. recently announced that they had begun leaching ore at the Karma Mine in Burkina Faso, Africa ("Karma"). Sandstorm has a gold stream on the Karma project and expects to receive 5,000 ounces of gold per year for five years beginning in 2017, and will then receive 1.625% of the gold thereafter. Production from Karma will represent Sandstorm's first material production from an African asset.
— CORPORATE DEVELOPMENT
Sandstorm completed 30 new stream and royalty acquisitions during the 2015 year, upgrading the asset quality of the Company's portfolio to include a number of low cost, economically robust assets with significant exploration upside. The transactions also provided Sandstorm with immediate cash flow and have improved the Company's counterparty profile such that over 80% of Sandstorm's cash flow is expected to come from operations run by major and mid-tier mining companies by 2019. Some of the key stream and royalty acquisitions that were completed during the fourth quarter and subsequent to year-end are discussed below.
Yamana Silver Streams: On October 27, 2015, Sandstorm acquired a silver stream on the Cerro Moro development-stage project in Argentina. The Cerro Moro stream includes interim silver deliveries from the currently producing Minera Florida mine in Chile and the Chapada mine. Yamana anticipates that construction on Cerro Moro will begin in 2016.
Chapada Copper Stream: On October 27, 2015, Sandstorm acquired a copper stream on the producing Chapada Mine in Brazil. Sandstorm expects to receive 3.9 million pounds of copper per year from the Chapada stream for approximately 10 years, at which point the stream percentage will drop down from 4.2% to 1.5% over time.
The Cerro Moro silver streams and Chapada copper stream are expected to contribute $8 million to $10 million of cash flow to the Company annually starting in 2016, increasing to $20 million annually by 2019.
Teck Royalty Package: On January 19, 2016, the Company announced that it had agreed to acquire 55 royalties from Teck and its affiliates for total consideration of up to $19.0 million. The royalty package is expected to generate cash flow in 2016 of $1.0 million to $2.0 million, growing to $10 million to over $15 million in cash flow per year.
Altogether, Sandstorm currently owns 132 streams and royalties, of which 19 of the underlying mines are producing.
— OTHER
Corporate Governance
In accordance with Sandstorm's ongoing commitment to corporate governance best practices, the Company engaged Institutional Shareholder Services Inc. ("ISS") as an advisor. ISS is a global leader in corporate governance and based on their recommendations, Sandstorm has implemented a new clawback policy, anti-hedging policy and has amended its stock option and restricted share plans in order to conform to best practices. In addition, Sandstorm's lead independent director David DeWitt has been appointed as non-executive Chairman of the Company with Nolan Watson remaining as President and CEO.
Normal Course Issuer Bid
The Toronto Stock Exchange ("TSX") has accepted the Company's notice that it intends to proceed with a normal course issuer bid ("NCIB") in accordance with TSX rules. Under the NCIB, Sandstorm may purchase up to 6,896,539 of its common shares, representing 5% of the Company's issued and outstanding common shares of 137,930,795 as of March 15, 2016.
Purchases under the NCIB may commence on April 4, 2016 and will terminate on the earlier of April 3, 2017, the date that Sandstorm completes its purchases pursuant to the NCIB as filed with the TSX, or the date of notice by Sandstorm of termination of the NCIB. All purchases under the NCIB will be executed on the open market through the facilities of the TSX or alternative Canadian trading platforms (if eligible) and will be made at the market price of the common shares at the time of acquisition. These purchases will be funded by Sandstorm's working capital and any common shares acquired by the Company under the NCIB will be cancelled. Sandstorm's average daily trading volume on the TSX during the last six calendar months was 196,845 commons shares. Daily purchases will not exceed 49,211 common shares, subject to the Company's ability to make block purchases under the rules of the TSX. The Company has purchased 518,123 common shares pursuant to a NCIB in the last twelve months at a weighted average price of C$4.017 per common share.
The NCIB provides Sandstorm with the option to purchase the Company's common shares from time to time when Sandstorm's management believes that the common shares are undervalued by the market.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, no shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
VANCOUVER, March 30, 2016 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) has released its results for the fourth quarter and year ended December 31, 2015 (all figures in U.S. dollars).
— FOURTH QUARTER HIGHLIGHTS
Attributable gold equivalent ounces sold1 of 8,951 ounces (Q4 2014 – 10,424 ounces);
Revenue of $9.9 million (Q4 2014 - $12.5 million);
Average cash cost per attributable gold equivalent ounce of $258 resulting in cash operating margins1 of $844 per ounce (Q4 2014 - $308 per ounce and $890 per ounce respectively);
Operating cash flow of $5.0 million (Q4 2014 – $8.9 million);
Net loss of $25.0 million (Q4 2014 – Net income of $2.6 million);
Entered into three agreements with Yamana Gold Inc. ("Yamana") that included a silver stream on the Cerro Moro project in Argentina ("Cerro Moro"), a copper stream on the Chapada mine in Brazil ("Chapada") and an early deposit gold stream on the Agua Rica project in Argentina; and
Completed a $28.8 million equity financing and drew down $110 million on the available credit facility to fund the Yamana transaction. The proceeds from the equity financing and internally generated cash flow were used to reduce the balance on the credit facility to $83.5 million as of the end of the fourth quarter.
— 2015 HIGHLIGHTS
Record attributable gold equivalent ounces sold of 45,146 ounces (FY 2014 – 44,821);
Revenue of $52.7 million (FY 2014 - $56.5 million);
Average cash cost per attributable gold equivalent ounce of $300 resulting in cash operating margins of $867 per ounce (FY 2014 - $321 per ounce and $939 per ounce respectively);
Operating cash flow of $30.8 million (FY 2014 - $35.2 million);
Net loss of $43.1 million (FY 2014 - $11.5 million);
Acquired 30 new streams and royalties on assets in Canada, USA, South America and Africa adding $13 million to $15 million in estimated cash flow for 2016; and
Subsequent to quarter end, the Company announced that it had agreed to acquire 55 royalties from Teck Resources Limited ("Teck") and its affiliates.
"The 2015 year was marked by acquisition and growth for Sandstorm. The assets that we have added to the Company's stream and royalty portfolio will contribute stable cash flow for many years to come, have provided meaningful asset diversification and a significant upgrade in terms of the strength and stability of our mining company counterparties," said Sandstorm President & CEO, Nolan Watson. Mr. Watson added, "We intend to diligently pay down debt in 2016 while continuing to look for accretive opportunities to grow our portfolio of streams and royalties."
— OUTLOOK
Based on the Company's existing gold streams and royalties, attributable gold equivalent production for 2016 is forecasted to be between 40,000 – 50,000 attributable gold equivalent ounces. The Company is forecasting attributable gold equivalent production of approximately 65,000 ounces per annum by 2020.
— FINANCIAL RESULTS DISCUSSION
Precious metals accounted for 83% of the revenue generated during the fourth quarter with the remainder coming from diamonds and base metals.
The Company's administrative costs and expenses increased by approximately $1 million when compared to the same periods in 2014 due to increased corporate activity. Sandstorm allocated a record of $200 million of capital during the 2015 year, resulting in 30 new streams and royalties being added to the portfolio, including four cash flowing assets.
The decreases in cash flow from operations and net income compared to 2014 are attributable to a combination of factors including a non-cash income tax expense related to taxable income previously attributed to its Barbadian subsidiary, a non-cash impairment charge relating to the Company's mineral interests with respect to the Serra Pelada, Emigrant Springs, Mine Waste Solutions and Summit projects, a non-cash increase in depletion expense driven by an increase in attributable gold equivalent ounces sold, a non-cash loss on the revaluation of the Company's investments, an increase in interest expense as the Company fully drew on its revolving credit facility in October 2015, as well as a number of other non-recurring items.
— STREAMS & ROYALTIES: Q4 UPDATES
The Company's revenue was generated by 15 producing mines during the fourth quarter of 2015. Of the gold equivalent ounces delivered to Sandstorm, 58% came from operations in Canada, 26% from the USA and Latin America and 16% from South America and other countries.
Three months ended Dec. 31, 2015
Year ended Dec. 31, 2015
Revenue (in millions)
Gold Equivalent Ounces
Revenue (in millions)
Gold Equivalent Ounces
Canada
$ 5.7
5,200
$ 26.1
22,565
USA & Latin America
$ 2.6
2,332
$ 13.4
11,610
South America & Other
$ 1.6
1,419
$ 13.2
10,971
Total
$ 9.9
8,951
$ 52.7
45,146
Canada
Gold equivalent ounces attributable to Canadian mines were 21% higher than Q4, 2014 due to the contribution from the Diavik mine royalty that was acquired in early 2015. Diavik is Canada's largest diamond mine and is operated by Rio Tinto plc. The increases from Diavik were offset by decreases in gold equivalent ounces from the Bachelor Lake Mine in Quebec, operated by Metanor Resources Inc. ("Metanor"). The decline in production was primarily related to the mine experiencing lower feed grade driven by higher than expected dilution from some stopes. Metanor has been accessing and building out new stopes of higher grade material while focusing its exploration efforts on a new near-surface discovery called the Moroy Zone which has encountered encouraging results thus far.
Two other Canadian projects that had positive exploration results during the quarter were Kirkland Lake Gold Inc.'s HM Claim and Lake Shore Gold Corp.'s ("Lake Shore") 144 Gap Deposit, both located in Ontario. After completing a drill program at the 144 target, Lake Shore released an initial resource estimate that was announced in February 2016. Subsequent to the resource estimate, Tahoe Resources Inc. announced its intention to acquire Lake Shore. Sandstorm holds a 1% net smelter returns ("NSR") royalty on Lake Shore's 144 Gap Deposit and the currently producing Thunder Creek mine.
As part of the Teck Royalty Package completed subsequent to year-end, 22 Canadian royalty assets were added to the Sandstorm portfolio including a 2% NSR on the development stage Hackett River project in the Northwest Territories, owned by Glencore plc.
USA & Latin America
Gold equivalent ounces from the USA and Latin America increased to make up 26% of the ounces sold in the fourth quarter. The increase was driven primarily by a 31% increase in gold ounces from the Santa Elena Mine in Mexico ("Santa Elena") compared to Q4 2014. Santa Elena is operated by First Majestic Silver Corp. ("First Majestic") and since First Majestic acquired Santa Elena in October 2015, there has been an improvement in the mining of underground stopes leading to increases in production at the mine.
South America & Other
The attributable ounces coming from operations in South America and other countries declined by more than 50% compared to the fourth quarter of 2014. The decrease is largely attributed to an 84% decrease in gold ounces sold from the Aurizona mine in Brazil as Luna Gold Corp. ("Luna") finished processing ore from a stockpile and ceased mining operations. Luna has initiated a pre-feasibility study for the restart of the Aurizona mine.
The Company expects its proportion of attributable gold equivalent ounces from South America to increase during 2016, as the silver and copper streams with Yamana on assets in Chile and Brazil are contributing to production totals.
True Gold Mining Inc. recently announced that they had begun leaching ore at the Karma Mine in Burkina Faso, Africa ("Karma"). Sandstorm has a gold stream on the Karma project and expects to receive 5,000 ounces of gold per year for five years beginning in 2017, and will then receive 1.625% of the gold thereafter. Production from Karma will represent Sandstorm's first material production from an African asset.
— CORPORATE DEVELOPMENT
Sandstorm completed 30 new stream and royalty acquisitions during the 2015 year, upgrading the asset quality of the Company's portfolio to include a number of low cost, economically robust assets with significant exploration upside. The transactions also provided Sandstorm with immediate cash flow and have improved the Company's counterparty profile such that over 80% of Sandstorm's cash flow is expected to come from operations run by major and mid-tier mining companies by 2019. Some of the key stream and royalty acquisitions that were completed during the fourth quarter and subsequent to year-end are discussed below.
Yamana Silver Streams: On October 27, 2015, Sandstorm acquired a silver stream on the Cerro Moro development-stage project in Argentina. The Cerro Moro stream includes interim silver deliveries from the currently producing Minera Florida mine in Chile and the Chapada mine. Yamana anticipates that construction on Cerro Moro will begin in 2016.
Chapada Copper Stream: On October 27, 2015, Sandstorm acquired a copper stream on the producing Chapada Mine in Brazil. Sandstorm expects to receive 3.9 million pounds of copper per year from the Chapada stream for approximately 10 years, at which point the stream percentage will drop down from 4.2% to 1.5% over time.
The Cerro Moro silver streams and Chapada copper stream are expected to contribute $8 million to $10 million of cash flow to the Company annually starting in 2016, increasing to $20 million annually by 2019.
Teck Royalty Package: On January 19, 2016, the Company announced that it had agreed to acquire 55 royalties from Teck and its affiliates for total consideration of up to $19.0 million. The royalty package is expected to generate cash flow in 2016 of $1.0 million to $2.0 million, growing to $10 million to over $15 million in cash flow per year.
Altogether, Sandstorm currently owns 132 streams and royalties, of which 19 of the underlying mines are producing.
— OTHER
Corporate Governance
In accordance with Sandstorm's ongoing commitment to corporate governance best practices, the Company engaged Institutional Shareholder Services Inc. ("ISS") as an advisor. ISS is a global leader in corporate governance and based on their recommendations, Sandstorm has implemented a new clawback policy, anti-hedging policy and has amended its stock option and restricted share plans in order to conform to best practices. In addition, Sandstorm's lead independent director David DeWitt has been appointed as non-executive Chairman of the Company with Nolan Watson remaining as President and CEO.
Normal Course Issuer Bid
The Toronto Stock Exchange ("TSX") has accepted the Company's notice that it intends to proceed with a normal course issuer bid ("NCIB") in accordance with TSX rules. Under the NCIB, Sandstorm may purchase up to 6,896,539 of its common shares, representing 5% of the Company's issued and outstanding common shares of 137,930,795 as of March 15, 2016.
Purchases under the NCIB may commence on April 4, 2016 and will terminate on the earlier of April 3, 2017, the date that Sandstorm completes its purchases pursuant to the NCIB as filed with the TSX, or the date of notice by Sandstorm of termination of the NCIB. All purchases under the NCIB will be executed on the open market through the facilities of the TSX or alternative Canadian trading platforms (if eligible) and will be made at the market price of the common shares at the time of acquisition. These purchases will be funded by Sandstorm's working capital and any common shares acquired by the Company under the NCIB will be cancelled. Sandstorm's average daily trading volume on the TSX during the last six calendar months was 196,845 commons shares. Daily purchases will not exceed 49,211 common shares, subject to the Company's ability to make block purchases under the rules of the TSX. The Company has purchased 518,123 common shares pursuant to a NCIB in the last twelve months at a weighted average price of C$4.017 per common share.
The NCIB provides Sandstorm with the option to purchase the Company's common shares from time to time when Sandstorm's management believes that the common shares are undervalued by the market.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, no shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Sandstorm Gold - Sold approximately 11,000 attributable gold equivalent ounces during Q1 2016
VANCOUVER, March 31, 2016 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) is pleased to announce that the Company has sold approximately 11,000 attributable gold equivalent ounces1 during the first quarter of 2016. The attributable gold equivalent ounces were delivered to the Company from 19 producing mines, with approximately 70% of the ounces coming from operations run by major and mid-tier mining companies.
It is expected that the Company will release its detailed financial results for the first quarter by mid-May 2016.
VANCOUVER, March 31, 2016 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) is pleased to announce that the Company has sold approximately 11,000 attributable gold equivalent ounces1 during the first quarter of 2016. The attributable gold equivalent ounces were delivered to the Company from 19 producing mines, with approximately 70% of the ounces coming from operations run by major and mid-tier mining companies.
It is expected that the Company will release its detailed financial results for the first quarter by mid-May 2016.
unter anderem wird angekündigt dass geplant ist short to midterm eine dividende beginnend bei 1% einzuführen
Sandstorm Gold Sells Stake in AuRico Metals for Proceeds of US$10 Million
VANCOUVER, April 6, 2016 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) has sold its previously announced holdings in the common shares of AuRico Metals Inc. ("AuRico") for net proceeds of over US$10 million. The proceeds will be used to reduce the balance on the Company's revolving credit facility to US$66 million. The shares were disposed at a price of $0.69, representing a 21% return since Sandstorm's initial purchase of AuRico common shares in July 2015.
The asset sale represents a continuation of Sandstorm's strategy to monetize non-core assets in order to reduce the Company's outstanding debt.
VANCOUVER, April 6, 2016 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) has sold its previously announced holdings in the common shares of AuRico Metals Inc. ("AuRico") for net proceeds of over US$10 million. The proceeds will be used to reduce the balance on the Company's revolving credit facility to US$66 million. The shares were disposed at a price of $0.69, representing a 21% return since Sandstorm's initial purchase of AuRico common shares in July 2015.
The asset sale represents a continuation of Sandstorm's strategy to monetize non-core assets in order to reduce the Company's outstanding debt.
Und das um ihre Schulden abzubauen.
Sandstorm Gold verkauft seinen Anteil an AuRico Metals für über 10 Mio. USDSandstorm Gold Ltd. Sandstorm Gold Limited meldete gestern den Verkauf seiner Anteile an AuRico Metals Inc. für einen Nettoerlös von über 10 Mio. USD. Das Unternehmen verkaufte sie AuRico-Stammaktien zum Preis von je 0,69 $. Die Aktien hatte Sandstorm ursprünglich im Juli 2015 erworben und konnte nun eine Rendite von 21% erzielen.
Der Asset-Verkauf stellt Teil der Bemühungen des Unternehmens zur Monetarisierung von Assets, die nicht zum Hauptgeschäft gehören, dar. Die Mittel werden zur Schuldenreduzierung genutzt.
http://www.minenportal.de/artikel.php?sid=32357
gute entscheidung
GSA Investor Day Presentation
Wie wär's mal mit den basics ?Die Präsentation gibt nicht nur einen Eindruck vom Management, dem Teck deal, den zu erwartenden Zuflüssen durch Yamana und True Gold, sondern zeigt die interne Kalkulation von $ 1200 /oz in Gold, $ 15 /oz in Silber und $ 2 /lb in Kupfer.
> 05:17 min am oberen Chartrand https://www.youtube.com/watch?v=5YK3NBj23HE
Das schaut alles ziemlich konservativ aus und ist für mich eher die Grundlage eines Investments in SAND als wilde Kursspekulationen, wobei ich einig gehe, daß sich bei diesem Wert noch eine ganze Menge Potential zeigt sobald man näher hinschaut ;-)
Erdene Announces $2.5 Million Financing With Sandstorm Gold
HALIFAX, NOVA SCOTIA--(Marketwired - April 11, 2016) - Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company") is pleased to announce it has signed financing agreements ("Transaction") with Sandstorm Gold Ltd. ("Sandstorm") (NYSE MKT:SAND)(TSX:SSL) that provide total consideration of C$2.5 million to Erdene to advance exploration and development programs on the Company's gold projects in southwest Mongolia.
The Transaction is subject to approval from the Toronto Stock Exchange.
Transaction Highlights
Provides funding to Erdene for 2016 projects, specifically drilling of the high-grade Bayan Khundii gold project
Sandstorm will provide cash consideration of C$1.0 million through a private placement of 5 million common shares of Erdene at $0.20 per share
Sandstorm will provide consideration of C$1.5 million in common shares of Sandstorm for the purchase of a 2% net smelter returns royalty ("NSR Royalty") on the Company's Bayan Khundii gold project and Altan Nar gold-polymetallic project
Erdene has a three year option to buy-back 50% of the NSR Royalty for C$1.2 million to reduce the NSR Royalty to 1%
Sandstorm to hold the Erdene shares for a minimum of 18 months
"We welcome Sandstorm as an investor in Erdene and view this Transaction as an endorsement of the quality and potential of our Company's flagship gold projects," said Peter Akerley, Erdene's President and CEO. "This financing allows us to create value by completing a detailed evaluation and drilling program at Bayan Khundii in a manner that balances our need for capital with preserving shareholder ownership in what we believe could be a very significant new gold district."
Transaction Summary
The Sandstorm transaction includes both equity of Erdene and Sandstorm and royalty components that provide total cash and securities consideration of C$2.5 million to Erdene. The financing includes the purchase by Sandstorm, by way of private placement, of five million common shares of Erdene at $0.20 per share. Sandstorm has committed to hold the Erdene shares issued under the equity private placement for a minimum of 18 months. The royalty in favor of Sandstorm is a 2.0% NSR Royalty on the Company's two flagship gold projects in southwest Mongolia; Bayan Khundii and Altan Nar (see project summaries below). The Transaction provides Erdene with a 3-year option to buy-back 50% of the NSR Royalty for C$1.2 million, reducing the Sandstorm NSR Royalty to 1.0%. Erdene has granted to Sandstorm a right of first refusal on future stream and/or royalty financings related to the Bayan Khundii and/or Altan Nar projects. No fees or warrants are associated with the Transaction. The Transaction is subject to approval from the Toronto Stock Exchange.
Bayan Khundii Gold Project
Discovered in Q2-2015 with initial drill results reported in Q4-2015, Bayan Khundii has rapidly become the highest priority project for the Company based on its very high grades (up to 12 metres of 16 g/t gold from 11 to 23 metres depth; click here for link), favorable metallurgy (99% gold recovery from high-grade composite using gravity and leach; click here for link), and size potential (shallow average drill depth of 46 metres). An exploration program is now being launched which includes a 3,500 metre drill program (commenced April 8, 2016; click here for link), extensive geophysical and geochemical testing, as well as multiple studies in advance of a mining licence application and economic evaluation. Results of these programs are expected to be available in late Q2 and Q3 2016. The program is designed to determine the continuity, grade and extent of the gold mineralization at Bayan Khundii and is anticipated to result in a maiden resource estimate.
Altan Nar Gold-Polymetallic Project
Discovered in 2011, Altan Nar hosts a total of 18 mineralized (gold, silver, lead and zinc) target areas within a 5.6 by 1.5 km mineralized corridor. Two of the early discoveries, Discovery Zone ("DZ") and Union North ("UN"), are the most advanced targets, hosting wide zones of high-grade, near-surface mineralization, and were the focus of an initial National Instrument 43-101 resource estimate released in Q1-2015 (click here for March 31, 2015 news release). The remaining 16 targets are either undrilled or scout-drilled and are considered by Erdene to have good potential for hosting additional resources. The 2016 exploration programs at Altan Nar may be influenced by results from Bayan Khundii in that certain synergies could exist in various areas of the project that assist in prioritizing what programs will be completed at Altan Nar. Studies related to a mining licence application at Altan Nar, similar to those being carried out at Bayan Khundii, are expected to commence in Q2-2016.
HALIFAX, NOVA SCOTIA--(Marketwired - April 11, 2016) - Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company") is pleased to announce it has signed financing agreements ("Transaction") with Sandstorm Gold Ltd. ("Sandstorm") (NYSE MKT:SAND)(TSX:SSL) that provide total consideration of C$2.5 million to Erdene to advance exploration and development programs on the Company's gold projects in southwest Mongolia.
The Transaction is subject to approval from the Toronto Stock Exchange.
Transaction Highlights
Provides funding to Erdene for 2016 projects, specifically drilling of the high-grade Bayan Khundii gold project
Sandstorm will provide cash consideration of C$1.0 million through a private placement of 5 million common shares of Erdene at $0.20 per share
Sandstorm will provide consideration of C$1.5 million in common shares of Sandstorm for the purchase of a 2% net smelter returns royalty ("NSR Royalty") on the Company's Bayan Khundii gold project and Altan Nar gold-polymetallic project
Erdene has a three year option to buy-back 50% of the NSR Royalty for C$1.2 million to reduce the NSR Royalty to 1%
Sandstorm to hold the Erdene shares for a minimum of 18 months
"We welcome Sandstorm as an investor in Erdene and view this Transaction as an endorsement of the quality and potential of our Company's flagship gold projects," said Peter Akerley, Erdene's President and CEO. "This financing allows us to create value by completing a detailed evaluation and drilling program at Bayan Khundii in a manner that balances our need for capital with preserving shareholder ownership in what we believe could be a very significant new gold district."
Transaction Summary
The Sandstorm transaction includes both equity of Erdene and Sandstorm and royalty components that provide total cash and securities consideration of C$2.5 million to Erdene. The financing includes the purchase by Sandstorm, by way of private placement, of five million common shares of Erdene at $0.20 per share. Sandstorm has committed to hold the Erdene shares issued under the equity private placement for a minimum of 18 months. The royalty in favor of Sandstorm is a 2.0% NSR Royalty on the Company's two flagship gold projects in southwest Mongolia; Bayan Khundii and Altan Nar (see project summaries below). The Transaction provides Erdene with a 3-year option to buy-back 50% of the NSR Royalty for C$1.2 million, reducing the Sandstorm NSR Royalty to 1.0%. Erdene has granted to Sandstorm a right of first refusal on future stream and/or royalty financings related to the Bayan Khundii and/or Altan Nar projects. No fees or warrants are associated with the Transaction. The Transaction is subject to approval from the Toronto Stock Exchange.
Bayan Khundii Gold Project
Discovered in Q2-2015 with initial drill results reported in Q4-2015, Bayan Khundii has rapidly become the highest priority project for the Company based on its very high grades (up to 12 metres of 16 g/t gold from 11 to 23 metres depth; click here for link), favorable metallurgy (99% gold recovery from high-grade composite using gravity and leach; click here for link), and size potential (shallow average drill depth of 46 metres). An exploration program is now being launched which includes a 3,500 metre drill program (commenced April 8, 2016; click here for link), extensive geophysical and geochemical testing, as well as multiple studies in advance of a mining licence application and economic evaluation. Results of these programs are expected to be available in late Q2 and Q3 2016. The program is designed to determine the continuity, grade and extent of the gold mineralization at Bayan Khundii and is anticipated to result in a maiden resource estimate.
Altan Nar Gold-Polymetallic Project
Discovered in 2011, Altan Nar hosts a total of 18 mineralized (gold, silver, lead and zinc) target areas within a 5.6 by 1.5 km mineralized corridor. Two of the early discoveries, Discovery Zone ("DZ") and Union North ("UN"), are the most advanced targets, hosting wide zones of high-grade, near-surface mineralization, and were the focus of an initial National Instrument 43-101 resource estimate released in Q1-2015 (click here for March 31, 2015 news release). The remaining 16 targets are either undrilled or scout-drilled and are considered by Erdene to have good potential for hosting additional resources. The 2016 exploration programs at Altan Nar may be influenced by results from Bayan Khundii in that certain synergies could exist in various areas of the project that assist in prioritizing what programs will be completed at Altan Nar. Studies related to a mining licence application at Altan Nar, similar to those being carried out at Bayan Khundii, are expected to commence in Q2-2016.
Quartalsergebnisse 1/2016
http://www.sandstormgold.com/_resources/financials/2016/SSL-…
http://www.sandstormgold.com/_resources/financials/2016/SSL-…
Gute Zahlen, läuft.
Sandstorm Gold Provides Corporate Update
VANCOUVER, June 8, 2016 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) is pleased to provide a corporate update, including results from the Company's Annual General Meeting as well as progress at various projects underlying the Company's streams and royalties.
SANDSTORM ANNOUNCES VOTING RESULTS FROM ANNUAL GENERAL MEETING
The Annual General and Special Meeting of Shareholders of Sandstorm (the "Meeting") was held today, June 8 in Vancouver, British Columbia at which 68.84% of the issued common shares, as of the record date for the Meeting, were represented. Shareholders voted in favour of all resolutions presented, including the re-election of all director nominees, namely Nolan Watson, David Awram, David E. De Witt, Andrew T. Swarthout, John P.A. Budreski and Mary L. Little. Detailed results of the vote for directors are set out below:
Election of Directors
VOTING RESULTS
For
Withheld
Nolan Watson
62,741,504
(99.07%)
587,767
(0.93%)
David Awram
54,797,239
(86.53%)
8,532,032
(13.47%)
David E. De Witt
62,595,106
(98.84%)
734,165
(1.16%)
Andrew T. Swarthout
51,185,185
(80.82%)
12,144,086
(19.18%)
John P.A. Budreski
50,291,496
(79.41%)
13,037,775
(20.59%)
Mary L. Little
62,581,277
(98.82%)
747,997
(1.18%)
Detailed voting results for all matters considered at the Meeting will be available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar.shtml.
SANDSTORM ANNOUNCES AMENDMENT TO CREDIT FACILITY
Sandstorm has amended its revolving credit agreement (the "Revolving Loan"), extending the term to four years (maturing in July 2020). The Revolving Loan allows the Company to borrow up to US$110 million for acquisition purposes, from a syndicate of banks including The Bank of Nova Scotia, Bank of Montreal, National Bank of Canada and Canadian Imperial Bank of Commerce. As part of the amendment, the Company improved its leverage ratio covenant such that it is now required to maintain a leverage ratio (defined as net debt divided by EBITDA) of less than or equal to 4.00:1, 3.50:1, and 2.75:1 for calendar 2016 through to calendar 2017, calendar 2018 and the remainder of the life of the Revolving Loan, respectively.
LUNA GOLD ANNOUNCES GREENFIELDS EXPLORATION AGREEMENT WITH ANGLOGOLD ASHANTI
Luna Gold Corp. ("Luna") announced that it has entered into an exploration agreement with AngloGold Ashanti Limited ("AngloGold") concerning the greenfields mineral claims that surround the past-producing Aurizona gold mine in northern Brazil. The terms of the agreement provide AngloGold the ability to invest US$14 million in exploration expenditures over a four year period, including a minimum of US$2 million during the first year, to earn a 70% interest in the mineral claims. The agreement covers an area of 1,702 square kilometres and may be increased to 2,387 square kilometres subject to governmental approvals on certain greenfields claims.
For more information on the joint venture agreement, visit the Luna Gold website at http://www.lunagold.com/news1 and see the press release dated May 27, 2016.
Sandstorm holds a 2.0% NSR royalty on the greenfields mineral claims.
MARIANA RESOURCES ANNOUNCES ADDITIONAL HIGH GRADE INTERCEPTS FROM the HOT MADEN PROJECT
Mariana Resources Ltd. ("Mariana") continues to report high grade, near-surface gold-copper mineralization from drilling at the Hot Maden project in Turkey ("Hot Maden"). The recently announced drilling results identified three important advancements. Drilling has confirmed the extension of high grade mineralization outside of the current mineral resource model and is therefore expected to increase the next mineral resource estimate. Selected holes include:
HTD-52 – 31.5 metres @ 4.4 g/t gold and 0.77% copper from 262.0 metres downhole, and 18.5 metres @ 2.24 % copper and 0.4 g/t gold from 295.0 metres downhole.
HTD-44 – 36.5 metres @ 7.1% zinc, 1.8 g/t gold and 0.51% copper from 25.5 metres.
Drilling has also confirmed mineralization along trend to the south (possible offset) from the high grade Cu-Au resource at the Ridge Area:
HTD-45 – 5.0 metres @ 5.0 g/t gold from 11.0 metres, 15.0 metres @ 3.2 g/t gold and 1.22% copper from 24.0 metres, and 5.0 metres @ 9.1 g/t gold and 1.4% copper from 46.0 metres
Drilling at the new Southern Zone discovery has confirmed the presence of significant mineralization in an area 400 meters south of the current resource. Results include:
HTD-53 – 40.5 metres @ 8.8 grams per tonne (g/t) gold and 0.77% copper from 158.0 metres downhole, including 12.0 metres @ 22.2 g/t gold and 0.66% copper from 183.0 metres downhole.
Exploration activities focus on the generation of new high-grade gold-copper targets and extensions of known high grade gold-copper mineral resource. A geophysical program to explore for porphyry gold-copper mineralization underlying the high grade mineral resource will be undertaken during the second half of 2016. An updated mineral resource estimate for Hot Maden will incorporate assay results from drill holes HTD-18 to HTD-53, and is expected in June 2016. Two drill rigs continue to operate on the project and additional results are pending.
For more information and complete drill results visit the Mariana Resources website at www.marianaresources.com/news/news-2016 and see the press releases dated May 23, 2016 and May 26, 2016.
Sandstorm holds a 2.0% net smelter returns ("NSR") royalty on the Hot Maden project.
Columbus Gold Advances Feasibility study and ESIA on MONTAGNE D'OR PROJECT
Columbus Gold Corp. provided an update on the advancement of the ongoing Bankable Feasibility Study ("BFS") and Environmental and Social Impact Assessment ("ESIA") at its Montagne d'Or gold deposit, French Guiana ("Montagne D'Or"). The studies are being funded by Nord Gold N.V. pursuant to which they can earn a 50.01% interest (for a total of 55.01%) in Montagne d'Or.
The BFS is anticipated to be completed in the fourth quarter of 2016 and entails the development of an engineered construction and operating plan with considerations for social, environmental and water management, permitting, geotechnical engineering, hydrogeology, metallurgical testing, process design and mine planning. The BFS considers the development of the project as an open pit mine. The ESIA is being completed as part of the process to obtain the various authorizations required for mine construction and eventual mining operations. Complementary studies that will accompany the ESIA include a Hazard Study / Risk Assessment, Internal Operation Plan, and Security and Health document.
The Montagne d'Or deposit consists of east-west-striking and steeply south-dipping gold-sulfide mineralized horizons. The deposit is drill-defined over a strike extent of 2,300 meters and to an average depth of 250 meters from surface. The mineralized zones remain open on strike to the west and at depth. Utilizing a cut-off grade of 0.4 g/t gold, the deposit contains Indicated mineral resources of 83.2 million tonnes grading 1.45 g/t gold (3.9 million ounces) and Inferred mineral resources of 22.4 million tonnes grading 1.55 g/t gold (1.1 million ounces). A Preliminary Economic Assessment ("PEA") for the Montagne d'Or deposit was completed in July 2015 and estimates annual production of approximately 273,000 ounces of gold in the first 10 years at an All-In Sustaining Capital Cost per ounce of US$711, and a mined head-grade of 2.0 g/t gold.
For more information regarding the BFS, ESIA and PEA, visit the Columbus website at http://www.columbusgoldcorp.com/s/NewsReleases.asp and see the press release dated May 26, 2016
Sandstorm holds a 1% NSR royalty on the Paul Isnard gold project which hosts the Montagne d'Or gold deposit.
ERDENE INTERSECTS SIGNIFICANT GOLD MINERALIZATION AT BAYAN KHUNDII
In April of this year, Sandstorm acquired two NSR royalties as part of a $2.5 million financing package completed with Erdene Resource Development Corp. ("Erdene"). One of the royalties covers Erdene's high-grade Bayan Khundii gold project in southwest Mongolia ("Bayan Khundii") where results from an ongoing drill program have been recently announced. The drill results are part of a 30-hole diamond drill program that will total 3,825 metres. The focus of the current drilling is on the Striker Zone, one of several targets being explored along a 1.7 kilometre strike length. Highlights from the results reported for drill holes BKD-16 to BKD-31 include:
BKD-17 – 63.0 metres @ 5.3 g/t gold beginning at 50.0 metres down hole:
Includes a 3.0 metre section grading 49.4 g/t gold and a 5.0 metre section grading 26.8 g/t gold;
Includes four 1.0 metre samples with grades ranging from 37.5 g/t gold to 81.7 g/t gold;
Hole is located approximately 35.0 metres down dip from drill hole BHD-09 which returned 26.0 metres of 5.9 g/t gold.
BKD-28 – 18.0 metres @ 1.1 g/t gold from surface, including 3.0 metres @ 4.5 g/t gold and 70.0 metres @ 1.1 g/t gold from 50.0 metres to the end of the hole including 7.0 metres @ 4.7 g/t gold.
The Striker Gold Zone is located in the southern end of the Bayan Khundii Project. Erdene's 2015 reconnaissance exploration program was responsible for the discovery of gold mineralization in this region. Bayan Khundii, is located 20 kilometres southeast of Erdene's flagship Altan Nar gold-polymetallic project. Gold mineralization at Bayan Khundii has been identified in three outcropping areas along a 1.7 kilometre trend. The areas between these three outcropping areas of mineralization are covered by younger rocks, possibly masking a continuous trend connecting the areas. Erdene is now completing a detailed exploration program in this area to evaluate the distribution of high grade visible gold that occurs in several parallel structures.
For more information and complete drill results visit the Erdene website at http://www.erdene.com/news_releases16/News_Releases16.php and see the press releases dated May 9, 2016 and May 24, 2016.
Sandstorm holds a 2% NSR royalty on Erdene's Bayan Khundii and Altan Nar projects.
VANCOUVER, June 8, 2016 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) is pleased to provide a corporate update, including results from the Company's Annual General Meeting as well as progress at various projects underlying the Company's streams and royalties.
SANDSTORM ANNOUNCES VOTING RESULTS FROM ANNUAL GENERAL MEETING
The Annual General and Special Meeting of Shareholders of Sandstorm (the "Meeting") was held today, June 8 in Vancouver, British Columbia at which 68.84% of the issued common shares, as of the record date for the Meeting, were represented. Shareholders voted in favour of all resolutions presented, including the re-election of all director nominees, namely Nolan Watson, David Awram, David E. De Witt, Andrew T. Swarthout, John P.A. Budreski and Mary L. Little. Detailed results of the vote for directors are set out below:
Election of Directors
VOTING RESULTS
For
Withheld
Nolan Watson
62,741,504
(99.07%)
587,767
(0.93%)
David Awram
54,797,239
(86.53%)
8,532,032
(13.47%)
David E. De Witt
62,595,106
(98.84%)
734,165
(1.16%)
Andrew T. Swarthout
51,185,185
(80.82%)
12,144,086
(19.18%)
John P.A. Budreski
50,291,496
(79.41%)
13,037,775
(20.59%)
Mary L. Little
62,581,277
(98.82%)
747,997
(1.18%)
Detailed voting results for all matters considered at the Meeting will be available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar.shtml.
SANDSTORM ANNOUNCES AMENDMENT TO CREDIT FACILITY
Sandstorm has amended its revolving credit agreement (the "Revolving Loan"), extending the term to four years (maturing in July 2020). The Revolving Loan allows the Company to borrow up to US$110 million for acquisition purposes, from a syndicate of banks including The Bank of Nova Scotia, Bank of Montreal, National Bank of Canada and Canadian Imperial Bank of Commerce. As part of the amendment, the Company improved its leverage ratio covenant such that it is now required to maintain a leverage ratio (defined as net debt divided by EBITDA) of less than or equal to 4.00:1, 3.50:1, and 2.75:1 for calendar 2016 through to calendar 2017, calendar 2018 and the remainder of the life of the Revolving Loan, respectively.
LUNA GOLD ANNOUNCES GREENFIELDS EXPLORATION AGREEMENT WITH ANGLOGOLD ASHANTI
Luna Gold Corp. ("Luna") announced that it has entered into an exploration agreement with AngloGold Ashanti Limited ("AngloGold") concerning the greenfields mineral claims that surround the past-producing Aurizona gold mine in northern Brazil. The terms of the agreement provide AngloGold the ability to invest US$14 million in exploration expenditures over a four year period, including a minimum of US$2 million during the first year, to earn a 70% interest in the mineral claims. The agreement covers an area of 1,702 square kilometres and may be increased to 2,387 square kilometres subject to governmental approvals on certain greenfields claims.
For more information on the joint venture agreement, visit the Luna Gold website at http://www.lunagold.com/news1 and see the press release dated May 27, 2016.
Sandstorm holds a 2.0% NSR royalty on the greenfields mineral claims.
MARIANA RESOURCES ANNOUNCES ADDITIONAL HIGH GRADE INTERCEPTS FROM the HOT MADEN PROJECT
Mariana Resources Ltd. ("Mariana") continues to report high grade, near-surface gold-copper mineralization from drilling at the Hot Maden project in Turkey ("Hot Maden"). The recently announced drilling results identified three important advancements. Drilling has confirmed the extension of high grade mineralization outside of the current mineral resource model and is therefore expected to increase the next mineral resource estimate. Selected holes include:
HTD-52 – 31.5 metres @ 4.4 g/t gold and 0.77% copper from 262.0 metres downhole, and 18.5 metres @ 2.24 % copper and 0.4 g/t gold from 295.0 metres downhole.
HTD-44 – 36.5 metres @ 7.1% zinc, 1.8 g/t gold and 0.51% copper from 25.5 metres.
Drilling has also confirmed mineralization along trend to the south (possible offset) from the high grade Cu-Au resource at the Ridge Area:
HTD-45 – 5.0 metres @ 5.0 g/t gold from 11.0 metres, 15.0 metres @ 3.2 g/t gold and 1.22% copper from 24.0 metres, and 5.0 metres @ 9.1 g/t gold and 1.4% copper from 46.0 metres
Drilling at the new Southern Zone discovery has confirmed the presence of significant mineralization in an area 400 meters south of the current resource. Results include:
HTD-53 – 40.5 metres @ 8.8 grams per tonne (g/t) gold and 0.77% copper from 158.0 metres downhole, including 12.0 metres @ 22.2 g/t gold and 0.66% copper from 183.0 metres downhole.
Exploration activities focus on the generation of new high-grade gold-copper targets and extensions of known high grade gold-copper mineral resource. A geophysical program to explore for porphyry gold-copper mineralization underlying the high grade mineral resource will be undertaken during the second half of 2016. An updated mineral resource estimate for Hot Maden will incorporate assay results from drill holes HTD-18 to HTD-53, and is expected in June 2016. Two drill rigs continue to operate on the project and additional results are pending.
For more information and complete drill results visit the Mariana Resources website at www.marianaresources.com/news/news-2016 and see the press releases dated May 23, 2016 and May 26, 2016.
Sandstorm holds a 2.0% net smelter returns ("NSR") royalty on the Hot Maden project.
Columbus Gold Advances Feasibility study and ESIA on MONTAGNE D'OR PROJECT
Columbus Gold Corp. provided an update on the advancement of the ongoing Bankable Feasibility Study ("BFS") and Environmental and Social Impact Assessment ("ESIA") at its Montagne d'Or gold deposit, French Guiana ("Montagne D'Or"). The studies are being funded by Nord Gold N.V. pursuant to which they can earn a 50.01% interest (for a total of 55.01%) in Montagne d'Or.
The BFS is anticipated to be completed in the fourth quarter of 2016 and entails the development of an engineered construction and operating plan with considerations for social, environmental and water management, permitting, geotechnical engineering, hydrogeology, metallurgical testing, process design and mine planning. The BFS considers the development of the project as an open pit mine. The ESIA is being completed as part of the process to obtain the various authorizations required for mine construction and eventual mining operations. Complementary studies that will accompany the ESIA include a Hazard Study / Risk Assessment, Internal Operation Plan, and Security and Health document.
The Montagne d'Or deposit consists of east-west-striking and steeply south-dipping gold-sulfide mineralized horizons. The deposit is drill-defined over a strike extent of 2,300 meters and to an average depth of 250 meters from surface. The mineralized zones remain open on strike to the west and at depth. Utilizing a cut-off grade of 0.4 g/t gold, the deposit contains Indicated mineral resources of 83.2 million tonnes grading 1.45 g/t gold (3.9 million ounces) and Inferred mineral resources of 22.4 million tonnes grading 1.55 g/t gold (1.1 million ounces). A Preliminary Economic Assessment ("PEA") for the Montagne d'Or deposit was completed in July 2015 and estimates annual production of approximately 273,000 ounces of gold in the first 10 years at an All-In Sustaining Capital Cost per ounce of US$711, and a mined head-grade of 2.0 g/t gold.
For more information regarding the BFS, ESIA and PEA, visit the Columbus website at http://www.columbusgoldcorp.com/s/NewsReleases.asp and see the press release dated May 26, 2016
Sandstorm holds a 1% NSR royalty on the Paul Isnard gold project which hosts the Montagne d'Or gold deposit.
ERDENE INTERSECTS SIGNIFICANT GOLD MINERALIZATION AT BAYAN KHUNDII
In April of this year, Sandstorm acquired two NSR royalties as part of a $2.5 million financing package completed with Erdene Resource Development Corp. ("Erdene"). One of the royalties covers Erdene's high-grade Bayan Khundii gold project in southwest Mongolia ("Bayan Khundii") where results from an ongoing drill program have been recently announced. The drill results are part of a 30-hole diamond drill program that will total 3,825 metres. The focus of the current drilling is on the Striker Zone, one of several targets being explored along a 1.7 kilometre strike length. Highlights from the results reported for drill holes BKD-16 to BKD-31 include:
BKD-17 – 63.0 metres @ 5.3 g/t gold beginning at 50.0 metres down hole:
Includes a 3.0 metre section grading 49.4 g/t gold and a 5.0 metre section grading 26.8 g/t gold;
Includes four 1.0 metre samples with grades ranging from 37.5 g/t gold to 81.7 g/t gold;
Hole is located approximately 35.0 metres down dip from drill hole BHD-09 which returned 26.0 metres of 5.9 g/t gold.
BKD-28 – 18.0 metres @ 1.1 g/t gold from surface, including 3.0 metres @ 4.5 g/t gold and 70.0 metres @ 1.1 g/t gold from 50.0 metres to the end of the hole including 7.0 metres @ 4.7 g/t gold.
The Striker Gold Zone is located in the southern end of the Bayan Khundii Project. Erdene's 2015 reconnaissance exploration program was responsible for the discovery of gold mineralization in this region. Bayan Khundii, is located 20 kilometres southeast of Erdene's flagship Altan Nar gold-polymetallic project. Gold mineralization at Bayan Khundii has been identified in three outcropping areas along a 1.7 kilometre trend. The areas between these three outcropping areas of mineralization are covered by younger rocks, possibly masking a continuous trend connecting the areas. Erdene is now completing a detailed exploration program in this area to evaluate the distribution of high grade visible gold that occurs in several parallel structures.
For more information and complete drill results visit the Erdene website at http://www.erdene.com/news_releases16/News_Releases16.php and see the press releases dated May 9, 2016 and May 24, 2016.
Sandstorm holds a 2% NSR royalty on Erdene's Bayan Khundii and Altan Nar projects.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 27, 2016) - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT:SAND)(TSX:SSL) has entered into an agreement with a syndicate of underwriters co-led by National Bank Financial Inc. and BMO Capital Markets (the "Underwriters") pursuant to which they have agreed to purchase, on a bought deal basis, 11,236,000 common shares of Sandstorm (the "Common Shares") at a price of US$4.45 per Common Share, for aggregate gross proceeds to Sandstorm of US$50 million (the "Offering"). In addition, Sandstorm has agreed to grant to the Underwriters an option to purchase up to an additional 1,685,400 Common Shares on the same terms and conditions as the Offering, exercisable at any time, in whole or in part, until the date that is 30 days following the closing of the Offering. In the event that the option is exercised in its entirety, the aggregate gross proceeds of the Offering to Sandstorm will be US$57.50 million.
The Company plans to use the net proceeds from the Offering to reduce the balance of its revolving credit facility, for the acquisition of streams and royalties and for general working capital purposes.
The Company plans to use the net proceeds from the Offering to reduce the balance of its revolving credit facility, for the acquisition of streams and royalties and for general working capital purposes.
Sandstorm Gold Announces 12,500 Gold Equivalent Ounces in Q2, 2016
VANCOUVER, July 7, 2016 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) is pleased to announce that the Company has sold approximately 12,500 attributable gold equivalent ounces1 during the second quarter of 2016. The attributable gold equivalent ounces were delivered to the Company from a portfolio of 20 producing mines, with approximately 75% of the ounces coming from operations run by major and mid-tier mining companies.
VANCOUVER, July 7, 2016 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) is pleased to announce that the Company has sold approximately 12,500 attributable gold equivalent ounces1 during the second quarter of 2016. The attributable gold equivalent ounces were delivered to the Company from a portfolio of 20 producing mines, with approximately 75% of the ounces coming from operations run by major and mid-tier mining companies.
ab 09.40....ein sehr interessanter Unternehmensüberblick
Der Vortrag ist absolut beeindruckend. Ich glaube wir werden noch viel Freude an Sandstorm haben.
!
Dieser Beitrag wurde von MODelfin moderiert. Grund: auf Wunsch des Users, Beitrag wird überarbeitet neu eingestellt.
Raymond James Resumes Coverage
Globe says Kaip rates Sandstorm Gold "outperform"
Sandstorm Gold Ltd (2) (C:SSL)
Shares Issued 150,164,352
Last Close 7/7/2016 $6.12
Friday July 8 2016 - In the News
The Globe and Mail reports in its Friday edition that Raymond James analyst Phil Russo says Sandstorm Gold continues to make progress at becoming a stronger, more diverse company. The Globe's David Leeder writes that Mr. Russo resumed coverage of the stock following the closing of its $57.5-million (U.S.) equity financing with an "outperform" rating. Mr. Russo boosted his share target to $7.25 (Canadian) from $6.75 (Canadian). Analysts on average target the shares at $6.88 (Canadian). Mr. Russo is forecasting a 50-per-cent increase in cash flow from 2016 to 2019 due to recently acquired cash flow streams being realized. Mr. Russo says in a note: "The financing provides the company the needed balance sheet flexibility to pursue further potential acquisitions in the mold of those recently acquired over the last 12 months. Those acquisitions have been favourably received by the market and seen a restoration in sentiment towards the name. Coupled with some of its streams falling into stronger hands through sector M&A, the investment case for Sandstorm continues to strengthen, in our view." BMO analyst Andrew Kaip maintained a "market perform" rating with a target of $5.50 (U.S.), up from $5 (U.S.).
© 2016 Canjex Publishing Ltd.
Read more at http://www.stockhouse.com/companies/bullboard/sand/sandstorm…
Globe says Kaip rates Sandstorm Gold "outperform"
Sandstorm Gold Ltd (2) (C:SSL)
Shares Issued 150,164,352
Last Close 7/7/2016 $6.12
Friday July 8 2016 - In the News
The Globe and Mail reports in its Friday edition that Raymond James analyst Phil Russo says Sandstorm Gold continues to make progress at becoming a stronger, more diverse company. The Globe's David Leeder writes that Mr. Russo resumed coverage of the stock following the closing of its $57.5-million (U.S.) equity financing with an "outperform" rating. Mr. Russo boosted his share target to $7.25 (Canadian) from $6.75 (Canadian). Analysts on average target the shares at $6.88 (Canadian). Mr. Russo is forecasting a 50-per-cent increase in cash flow from 2016 to 2019 due to recently acquired cash flow streams being realized. Mr. Russo says in a note: "The financing provides the company the needed balance sheet flexibility to pursue further potential acquisitions in the mold of those recently acquired over the last 12 months. Those acquisitions have been favourably received by the market and seen a restoration in sentiment towards the name. Coupled with some of its streams falling into stronger hands through sector M&A, the investment case for Sandstorm continues to strengthen, in our view." BMO analyst Andrew Kaip maintained a "market perform" rating with a target of $5.50 (U.S.), up from $5 (U.S.).
© 2016 Canjex Publishing Ltd.
Read more at http://www.stockhouse.com/companies/bullboard/sand/sandstorm…
- We should start paying a dividend soon
- We might pay in gold, investors can choose
- Nolan sees AISC of miners rise because of high grading which took/takes place
- 50% growth till 2021
- wants to go on diversifying, find good aquisitions
- We might pay in gold, investors can choose
- Nolan sees AISC of miners rise because of high grading which took/takes place
- 50% growth till 2021
- wants to go on diversifying, find good aquisitions
Antwort auf Beitrag Nr.: 52.802.254 von trobs am 10.07.16 15:55:50ich hoffe sie gehen eine partnerschaft mit bitgold/goldmoney ein und sie überweisen die dividenten über diese plattform
Antwort auf Beitrag Nr.: 52.802.914 von KMST am 10.07.16 19:22:15Hatte mich ehrlich gesagt schon gefragt wie diese physische Auslieferung vonstatten gehen soll, das wäre ein Ausweg...bei FM gab es damals, glaube in 2011 oder 2012, ähnliche Pläne für eine physische Dividende, die sich aber leider aufgrund des Umfeldes in Luft auflöste.
Antwort auf Beitrag Nr.: 52.803.004 von trobs am 10.07.16 19:45:41da könnte etwas passieren. in einem interview hat roy von bitgold dazu etwas gesagt.
man würde dazu in verhandlungen mit mehreren kanadischen goldmajors und streamern sein
man würde dazu in verhandlungen mit mehreren kanadischen goldmajors und streamern sein
Antwort auf Beitrag Nr.: 52.802.254 von trobs am 10.07.16 15:55:50Am 27.06. ein placement und ein paar Tage später über Dividenden labern ?
Niemand ein Problem damit ?
Niemand ein Problem damit ?
scheinbar nicht, kurs stimmt seitdem.
Antwort auf Beitrag Nr.: 52.806.457 von tntxrxwelle am 11.07.16 14:08:05Soweit ich Nolan verstanden hatte, steht diese Dividende NICHT unmittelbar bevor, man überlegt aber nach einer gewissen "Festigung" sich dieses Themas anzunehmen. Das Geld aus der Platzierung wir entweder für Neuaquisitionen oder vielleicht - wahrscheinlicher - den Schuldenabbau eingesetzt.
Sandstorm Gold Ltd (TSE:SSL) had its target price hoisted by equities research analysts at Canaccord Genuity from C$6.50 to C$8.00 in a research report issued to clients and investors on Tuesday. Canaccord Genuity’s price objective would indicate a potential upside of 18.52% from the stock’s current price.
Antwort auf Beitrag Nr.: 52.807.813 von trobs am 11.07.16 17:10:34
@ tntxrxwelle
Why is Sandstorm diluting shareholders here? The company says it plans on reducing the balance of its revolving credit facility. The funds are also for the acquisition of streams and royalties and for general working capital, according to the release.
Why does Sandstorm want to reduce its debt? At the end of the first quarter, the company had just $5.3 million in cash (as well as $52.7 million in investments), compared to $77 million in debt on its revolving credit facility. This equity raise likely means Sandstorm will pay off a portion of this balance to reduce its debt and its interest expense. In Q1, this interest expense amounted to $.9 million. The company's debt is subject to fairly high interest rates (LIBOR plus 3-4.25% per annum), and the debt matures in July 2019.
Now, I'd like to make it clear that Sandstorm Gold can easily manage its debt, so it didn't absolutely need to do this financing for that reason. At $1,200 gold, Sandstorm is projected to bring in well over $40 million in after-tax cash flow in 2017, rising to $53 million by 2019, according to the company.
Meanwhile, Sandstorm estimates its interest expense is $2.6 million per year, according to its presentation. It is earning more in interest than that ($3.3 million per year) just from its equity and debt investments.
However, CEO Nolan Watson is a bit debt-averse, and followers of the company may know this already. For example, check out this interview with Kitco back in March 2016. This isn't the first time I've heard him say something along these lines:
"There's this question of what portion of a capital structure of a company should be permanent in the form of debt? I believe that is zero.
I believe debt should be used for mining companies who can't control the price that they sell their commodity at. It should be used solely as a tool temporarily to make strategic acquisitions... we don't plan on having debt as a permanent part of our capital structure."
Sandstorm also clearly states in its corporate presentation that it plans to use the majority of its free cash flow to pay down debt this year.
Now, readers should remember the only reason the company is in debt in the first place is because it completed a blockbuster streaming agreement with Yamana Gold (NYSE:AUY) back in October 2015. The deal cost $149 million, and Sandstorm drew fully on its $110 revolving credit facility to help pay for it.
Looking back, this was a really wise move to use debt instead of equity to complete the deal, as the stock was trading at just $2.69 per share at the time. So, Sandstorm drew on its revolving credit facility, has paid down the balance a bit since then, and has now raised equity at higher prices to pay down another portion of the debt. It's not a bad move by any means, as the dilution to shareholders would have been much more significant had Sandstorm opted for equity at the time.
Of course, there's always the chance the company will use a good amount of this financing to complete a royalty/stream acquisition. However, I don't think investors should expect another huge deal. Instead, I would expect a small "optionality" type of deal, where Sandstorm purchases a royalty on an exploration project - a type of deal that could pay off huge over time with higher gold prices.
This type of deal may be similar to the one completed in January with Teck Resources (NYSE:TCK), when Sandstorm acquired 56 royalties for $22 million, but I think it would likely be smaller in size.
Here's the bottom line: Sandstorm raising equity here will hurt the share price in the short term (it already has, as shares are down nearly 10% from Monday) and raise the share count to nearly 150 million. However, the deal will allow Sandstorm to reduce its debt and its financing risk, and hopefully, the company also has an acquisition up its sleeve.
The company also picked a pretty decent time to issue new shares, as the stock is up more than double from its January 2016 lows of $2 per share. My plan remains the same: add shares of Sandstorm on any pullbacks.
http://seekingalpha.com/article/3985079-sandstorm-gold-dilut…
Zitat von trobs: Soweit ich Nolan verstanden hatte, steht diese Dividende NICHT unmittelbar bevor, man überlegt aber nach einer gewissen "Festigung" sich dieses Themas anzunehmen. Das Geld aus der Platzierung wir entweder für Neuaquisitionen oder vielleicht - wahrscheinlicher - den Schuldenabbau eingesetzt.
@ tntxrxwelle
Why is Sandstorm diluting shareholders here? The company says it plans on reducing the balance of its revolving credit facility. The funds are also for the acquisition of streams and royalties and for general working capital, according to the release.
Why does Sandstorm want to reduce its debt? At the end of the first quarter, the company had just $5.3 million in cash (as well as $52.7 million in investments), compared to $77 million in debt on its revolving credit facility. This equity raise likely means Sandstorm will pay off a portion of this balance to reduce its debt and its interest expense. In Q1, this interest expense amounted to $.9 million. The company's debt is subject to fairly high interest rates (LIBOR plus 3-4.25% per annum), and the debt matures in July 2019.
Now, I'd like to make it clear that Sandstorm Gold can easily manage its debt, so it didn't absolutely need to do this financing for that reason. At $1,200 gold, Sandstorm is projected to bring in well over $40 million in after-tax cash flow in 2017, rising to $53 million by 2019, according to the company.
Meanwhile, Sandstorm estimates its interest expense is $2.6 million per year, according to its presentation. It is earning more in interest than that ($3.3 million per year) just from its equity and debt investments.
However, CEO Nolan Watson is a bit debt-averse, and followers of the company may know this already. For example, check out this interview with Kitco back in March 2016. This isn't the first time I've heard him say something along these lines:
"There's this question of what portion of a capital structure of a company should be permanent in the form of debt? I believe that is zero.
I believe debt should be used for mining companies who can't control the price that they sell their commodity at. It should be used solely as a tool temporarily to make strategic acquisitions... we don't plan on having debt as a permanent part of our capital structure."
Sandstorm also clearly states in its corporate presentation that it plans to use the majority of its free cash flow to pay down debt this year.
Now, readers should remember the only reason the company is in debt in the first place is because it completed a blockbuster streaming agreement with Yamana Gold (NYSE:AUY) back in October 2015. The deal cost $149 million, and Sandstorm drew fully on its $110 revolving credit facility to help pay for it.
Looking back, this was a really wise move to use debt instead of equity to complete the deal, as the stock was trading at just $2.69 per share at the time. So, Sandstorm drew on its revolving credit facility, has paid down the balance a bit since then, and has now raised equity at higher prices to pay down another portion of the debt. It's not a bad move by any means, as the dilution to shareholders would have been much more significant had Sandstorm opted for equity at the time.
Of course, there's always the chance the company will use a good amount of this financing to complete a royalty/stream acquisition. However, I don't think investors should expect another huge deal. Instead, I would expect a small "optionality" type of deal, where Sandstorm purchases a royalty on an exploration project - a type of deal that could pay off huge over time with higher gold prices.
This type of deal may be similar to the one completed in January with Teck Resources (NYSE:TCK), when Sandstorm acquired 56 royalties for $22 million, but I think it would likely be smaller in size.
Here's the bottom line: Sandstorm raising equity here will hurt the share price in the short term (it already has, as shares are down nearly 10% from Monday) and raise the share count to nearly 150 million. However, the deal will allow Sandstorm to reduce its debt and its financing risk, and hopefully, the company also has an acquisition up its sleeve.
The company also picked a pretty decent time to issue new shares, as the stock is up more than double from its January 2016 lows of $2 per share. My plan remains the same: add shares of Sandstorm on any pullbacks.
http://seekingalpha.com/article/3985079-sandstorm-gold-dilut…
Antwort auf Beitrag Nr.: 52.824.115 von trobs am 13.07.16 13:17:50Wofür das -m.E. überflüssige- placement ursprünglich war, ist mir schon klar. Hatte auch nicht den Grund, "plötzlich" die Verbindlichkeiten zurückzuführen, sondern weil der Kurs so schön war und ohne finanziellen Spielraum ist das Streamergeschäft für Aktionäre und Management zu langweilig.
Geld ist Geld, ob nun zur Kreditrückführung oder Dividende. Kurz gesagt: Man hat mal schnell den Abgriff am gelaufenen Goldaktienmarkt genutzt, um ein paar Aktien auf den Markt zu schmeissen. Aus Managementsich durchaus ein plausibler Zug. Ob man als Aktionär bei dieser Attitude glücklich wird, ist wieder eine andere Frage.
Geld ist Geld, ob nun zur Kreditrückführung oder Dividende. Kurz gesagt: Man hat mal schnell den Abgriff am gelaufenen Goldaktienmarkt genutzt, um ein paar Aktien auf den Markt zu schmeissen. Aus Managementsich durchaus ein plausibler Zug. Ob man als Aktionär bei dieser Attitude glücklich wird, ist wieder eine andere Frage.
Sandstorm Q2: What To Expect
...
In the first quarter, Sandstorm produced 11,381 gold ounces at an average realized gold price of $1,176 per ounce; this led to revenue of $13.4 million and operating cash flow of $9.7 million (operating margins of 72.3%).
With 12,500 ounces of gold sold this quarter at a gold price of $1,300 per ounce, investors can expect approximately $16.2 million in revenue and $11.7 million in operating cash flow. However, keep in mind that these are just estimates - the company's average realized gold price may actually be lower (or higher) than this figure depending on when the company realized its gold sales (the price of gold has traded between $1,220 - $1,360 this quarter). The company's realized production may also be higher or lower, depending on the timing of deliveries.
...
http://seekingalpha.com/article/3988199-sandstorm-q2-expect
...
In the first quarter, Sandstorm produced 11,381 gold ounces at an average realized gold price of $1,176 per ounce; this led to revenue of $13.4 million and operating cash flow of $9.7 million (operating margins of 72.3%).
With 12,500 ounces of gold sold this quarter at a gold price of $1,300 per ounce, investors can expect approximately $16.2 million in revenue and $11.7 million in operating cash flow. However, keep in mind that these are just estimates - the company's average realized gold price may actually be lower (or higher) than this figure depending on when the company realized its gold sales (the price of gold has traded between $1,220 - $1,360 this quarter). The company's realized production may also be higher or lower, depending on the timing of deliveries.
...
http://seekingalpha.com/article/3988199-sandstorm-q2-expect
Sandstorm 2q16 financials
It's what happened after the close of 2q16 that's the most interesting. This bullet point from the NR:
Subsequent to quarter end, Sandstorm completed an equity financing for aggregate gross proceeds of $57.5 million. Upon closing of the financing, the majority of the net proceeds were used to reduce the balance of the Company's revolving credit facility. As a result, the Company currently has no bank debt and the entire $110 million revolving credit facility remains available for acquisition purposes.
As at 4q15, long-term bank debt stood at U$83.5m. Now it's all gone. I'm impressed.
http://www.newswire.ca/news-releases/sandstorm-gold-announce…
It's what happened after the close of 2q16 that's the most interesting. This bullet point from the NR:
Subsequent to quarter end, Sandstorm completed an equity financing for aggregate gross proceeds of $57.5 million. Upon closing of the financing, the majority of the net proceeds were used to reduce the balance of the Company's revolving credit facility. As a result, the Company currently has no bank debt and the entire $110 million revolving credit facility remains available for acquisition purposes.
As at 4q15, long-term bank debt stood at U$83.5m. Now it's all gone. I'm impressed.
http://www.newswire.ca/news-releases/sandstorm-gold-announce…
....Subsequent to quarter end, Sandstorm completed an equity financing for aggregate gross proceeds of $57.5 million. Upon closing of the financing, the majority of the net proceeds were used to reduce the balance of the Company's revolving credit facility. As a result, the Company currently has no bank debt and the entire $110 million revolving credit facility remains available for acquisition purposes....
http://www.newswire.ca/news-releases/sandstorm-gold-announce…
http://www.newswire.ca/news-releases/sandstorm-gold-announce…
Sandstorm's President & CEO Nolan Watson remarked, "During the first half of 2016, Sandstorm has added 55 royalties to the Company's asset base, and has generated $18.4 million in net income and $18.6 million in cash flow from operations. We have used the operating cash flow and the proceeds from our recent equity raise to pay our debt down to zero and we now have over $110 million in available capital to pursue acquisitions. There are a wide range of deals that we are working on presently, from small deals on exploration stage assets to large transactions on cash flowing mines."
schöne rally, endlich hat SAND den rückstand aufgeholt und sie sind mit abstand der am besten laufende streamer dieses jahr.
auch hier bin ich jetzt ein stück über +100% vorne
auch hier bin ich jetzt ein stück über +100% vorne
Nolan:
20%+ growth between now and 2019
50% FCF growth between now and 2021, where 100% of that growth is already paid for
a dramatically better growth/risk profile than a mining company
because everything is already paid for, 100% of our FCF is available to add to that 50% growth profile
20%+ growth between now and 2019
50% FCF growth between now and 2021, where 100% of that growth is already paid for
a dramatically better growth/risk profile than a mining company
because everything is already paid for, 100% of our FCF is available to add to that 50% growth profile
8/4/16
Mo Sandstorm
It's trading like a buyout target.
Probably due to the fact that its lack of debt has made it into a buyout target.
http://incakolanews.blogspot.de/2016/08/mo-sandstorm.html
Mo Sandstorm
It's trading like a buyout target.
Probably due to the fact that its lack of debt has made it into a buyout target.
http://incakolanews.blogspot.de/2016/08/mo-sandstorm.html
Aus dem oben angeführten Interview:
We are going to do new deals over the next 5 years, so the actual growth should be well in excess...
If we didn´t double the size of the company over the next 5 years, I´d be surprised.... .
We are at a point right now where we recognize that we should pay a dividend soon and we are going to become a dividend paying company eventually... and we´re just trying to find the right time.
....we wanna use gold as a currency in our day to day operations (Nolan reminds listeners of sandstorm´s part in bitgold).....sinngemäß: maybe, we give investors the choice: money or dividend in gold
We are going to do new deals over the next 5 years, so the actual growth should be well in excess...
If we didn´t double the size of the company over the next 5 years, I´d be surprised.... .
We are at a point right now where we recognize that we should pay a dividend soon and we are going to become a dividend paying company eventually... and we´re just trying to find the right time.
....we wanna use gold as a currency in our day to day operations (Nolan reminds listeners of sandstorm´s part in bitgold).....sinngemäß: maybe, we give investors the choice: money or dividend in gold
Antwort auf Beitrag Nr.: 52.993.498 von trobs am 04.08.16 22:43:38ich nehm gold über meinen bitgold/goldmoney account
so war der plan
so war der plan
Antwort auf Beitrag Nr.: 52.996.471 von KMST am 05.08.16 11:32:41
Ich hatte mich noch nie mit Bitgold beschäftigt, muss mich hier erstmal einlesen. Nolan zeigt sich sehr überzeugt von der Idee. Wie sind deine Erfahrungen, KMST?
Zitat von KMST: ich nehm gold über meinen bitgold/goldmoney account
so war der plan
Ich hatte mich noch nie mit Bitgold beschäftigt, muss mich hier erstmal einlesen. Nolan zeigt sich sehr überzeugt von der Idee. Wie sind deine Erfahrungen, KMST?
Antwort auf Beitrag Nr.: 52.996.954 von trobs am 05.08.16 12:24:52bin kunde und shareholder und bin zufrieden.
ich habe das ganze letzte jahr aber auch nur meinen sparplan bedient und spare weiter.
das geld gebe ich erst aus wenn gold viel viel höher steht
ich habe das ganze letzte jahr aber auch nur meinen sparplan bedient und spare weiter.
das geld gebe ich erst aus wenn gold viel viel höher steht
- A revolving line of credit undrawn of 110 Mio Dollars
- Now 85 Mio Dollars worth of non core investments in other mining companies that Sandstorm can monetize.
- Host: There has been takeover speculation in the market....Have you had any approaches from people who want to buy you?
- Nolan: Maybe....(grinning)
Sandstorm ist schuldenfrei, weist ein großes - schon bezahltes Wachstum - auf und sitzt auf "non core investments in other mining companies" im Wert von 85 Mio!
Auf die Frage des Interviewers, ob es schon Übernahmeangebote gab, grinst Nolan nur und antwortet, "vielleicht".
Da wird doch nicht wirklich jemand unser Schätzchen wegschnappen wollen?
http://www.bnn.ca/commodities/video/sandstorm-ceo-goes-up-ma…
- Now 85 Mio Dollars worth of non core investments in other mining companies that Sandstorm can monetize.
- Host: There has been takeover speculation in the market....Have you had any approaches from people who want to buy you?
- Nolan: Maybe....(grinning)
Sandstorm ist schuldenfrei, weist ein großes - schon bezahltes Wachstum - auf und sitzt auf "non core investments in other mining companies" im Wert von 85 Mio!
Auf die Frage des Interviewers, ob es schon Übernahmeangebote gab, grinst Nolan nur und antwortet, "vielleicht"
.Da wird doch nicht wirklich jemand unser Schätzchen wegschnappen wollen?
http://www.bnn.ca/commodities/video/sandstorm-ceo-goes-up-ma…
Antwort auf Beitrag Nr.: 53.001.517 von trobs am 05.08.16 20:31:07das mit der übernahme vermute ich schon seit über einem jahr. nolan selbst hat in einem anderen vid gesagt das er sich gegen einen guten deal nicht stämmen wird. wenn der preis stimmt gehts scharf!
topkandidat für den ersten schritt ist für mich royal gold. die sind jetzt am zug nachdem ihr wichtigster stream mit thompson creek neu verhandelt werden musste. das liest sich sonst in einem jahr beim zahlenvergleich q3 2016 zu q3 2017 ziemlich schlecht.
sobald royal gold zuckt wird wohl franco nevada wieder reingrätschen. das war die letzten 2-3 male auch schon der fall.
rein vom preisfaktor müsste osisko eigentlich mal einen puren share deal machen. die sind so überbewertet das diese währung förmlich genutzt werden muss. osisko ist aber eben ein reiner nordamerika player mit keinem interesse an einem weltweit diversifizierten portfolio.
topkandidat für den ersten schritt ist für mich royal gold. die sind jetzt am zug nachdem ihr wichtigster stream mit thompson creek neu verhandelt werden musste. das liest sich sonst in einem jahr beim zahlenvergleich q3 2016 zu q3 2017 ziemlich schlecht.
sobald royal gold zuckt wird wohl franco nevada wieder reingrätschen. das war die letzten 2-3 male auch schon der fall.
rein vom preisfaktor müsste osisko eigentlich mal einen puren share deal machen. die sind so überbewertet das diese währung förmlich genutzt werden muss. osisko ist aber eben ein reiner nordamerika player mit keinem interesse an einem weltweit diversifizierten portfolio.
@ KMST Sehr gute Einschätzung zur Liste der möglichen Übernehmer!
Im CC gibt Nolan auch Auskunft über den equity raise, der - wie er darstellt - nicht in erster Linie für den Schuldenabbau gedacht war. Man ist/war an einer weiteren Transaktion dran und wollte die Finanzierung sicherstellen:
However, we do believe that in this market we can potentially add one or two development type asset in the portfolio to be able to continue growing in this environment.
With respect to the second question about the reason for raising equity; as we have stated in the past, we believe that raising equity should only be done in order to facilitate a potential transaction that we can at least name internally. Over the course of the last couple months, we've been working on a transaction that although the opportunity is not exclusive to Sandstorm, it was one for which we did not have sufficient capital to complete, even if we fully drew out our revolving facility, knowing that we would not be considered as a counterparty for the transaction without raising equity capital. We made a calculated decision to raise the capital so that we could continue to pursue the transaction knowing that there was still a material risk that we did not end up being the chosen counterparty.
We were comfortable with this risk because we had debt, and the worst case scenario of this decision is that we would end up being debt-free and cashed up and ready to continue to look for new acquisitions, and had the opportunity not come up, we would not have raised the equity. I should emphasize that the deal is still far from certain and we're also working on other deals which we could decide that we prefer those other deals to complete them instead.
http://seekingalpha.com/article/3996997-sandstorm-golds-sand…
Im CC gibt Nolan auch Auskunft über den equity raise, der - wie er darstellt - nicht in erster Linie für den Schuldenabbau gedacht war. Man ist/war an einer weiteren Transaktion dran und wollte die Finanzierung sicherstellen:
However, we do believe that in this market we can potentially add one or two development type asset in the portfolio to be able to continue growing in this environment.
With respect to the second question about the reason for raising equity; as we have stated in the past, we believe that raising equity should only be done in order to facilitate a potential transaction that we can at least name internally. Over the course of the last couple months, we've been working on a transaction that although the opportunity is not exclusive to Sandstorm, it was one for which we did not have sufficient capital to complete, even if we fully drew out our revolving facility, knowing that we would not be considered as a counterparty for the transaction without raising equity capital. We made a calculated decision to raise the capital so that we could continue to pursue the transaction knowing that there was still a material risk that we did not end up being the chosen counterparty.
We were comfortable with this risk because we had debt, and the worst case scenario of this decision is that we would end up being debt-free and cashed up and ready to continue to look for new acquisitions, and had the opportunity not come up, we would not have raised the equity. I should emphasize that the deal is still far from certain and we're also working on other deals which we could decide that we prefer those other deals to complete them instead.
http://seekingalpha.com/article/3996997-sandstorm-golds-sand…
Antwort auf Beitrag Nr.: 52.824.505 von tntxrxwelle am 13.07.16 14:10:55
Hast Du eigentlich eine Meinung zu den Unterschieden Royalty vs. Streaminggeschäft?
Was ist toll, was ist schlecht.......................
Hast Du eigentlich eine Meinung zu den Unterschieden Royalty vs. Streaminggeschäft?
Was ist toll, was ist schlecht.......................
Globe says Sandstorm seen as cheaper royalty choice
2016-08-09 09:46 ET - In the News
The Globe and Mail reports in its Tuesday edition that Sandstorm Gold ($7.71) is a cheaper option among the royalty golds. Globe columnist Gordon Pape writes that Sandstorm provides upfront financing to gold-mining companies that are looking for capital. In return, it receives the right to a percentage of the gold produced from a mine, for the life of the mine. Sandstorm has a portfolio of 131 streams and royalties, of which 20 of the underlying mines are producing. The stock has been publicly traded since 2008. The shares hit a peak of about $14 in late 2012 before going into a prolonged decline when the price of gold tumbled. They reached a low of $2.82 in January. There are fewer risks associated with royalty companies than with traditional miners. Sandstorm is well positioned to expand its portfolio, with a fat war chest of $110-million for new acquisitions (all figures U.S.). The company reported revenue of $29.1-million for the six months ended June 30, down slightly from $30.7-million the year before. During the quarter, the company used operating cash flow and proceeds from a recent stock issue to pay off its line of credit. Sandstorm is a buy for aggressive investors and those who believe in gold.
© 2016 Canjex Publishing Ltd. All rights reserved.
2016-08-09 09:46 ET - In the News
The Globe and Mail reports in its Tuesday edition that Sandstorm Gold ($7.71) is a cheaper option among the royalty golds. Globe columnist Gordon Pape writes that Sandstorm provides upfront financing to gold-mining companies that are looking for capital. In return, it receives the right to a percentage of the gold produced from a mine, for the life of the mine. Sandstorm has a portfolio of 131 streams and royalties, of which 20 of the underlying mines are producing. The stock has been publicly traded since 2008. The shares hit a peak of about $14 in late 2012 before going into a prolonged decline when the price of gold tumbled. They reached a low of $2.82 in January. There are fewer risks associated with royalty companies than with traditional miners. Sandstorm is well positioned to expand its portfolio, with a fat war chest of $110-million for new acquisitions (all figures U.S.). The company reported revenue of $29.1-million for the six months ended June 30, down slightly from $30.7-million the year before. During the quarter, the company used operating cash flow and proceeds from a recent stock issue to pay off its line of credit. Sandstorm is a buy for aggressive investors and those who believe in gold.
© 2016 Canjex Publishing Ltd. All rights reserved.
Eine schöne Präsentation
http://sandstormgold.com/_resources/SSL-Presentation.pdf
Und:
I strongly prefer Sandstorm Gold (NYSEMKT:SAND) over Osisko, as Sandstorm has a much more diverse portfolio of assets (131 streams and royalties total compared to Osisko's 52 total assets), and trades at a cheaper valuation, with an 2019 EV/CashFlow of 13.6, according to Sandstorm's presentation.
http://seekingalpha.com/article/3999390-osisko-gold-royaltie…
http://sandstormgold.com/_resources/SSL-Presentation.pdf
Und:
I strongly prefer Sandstorm Gold (NYSEMKT:SAND) over Osisko, as Sandstorm has a much more diverse portfolio of assets (131 streams and royalties total compared to Osisko's 52 total assets), and trades at a cheaper valuation, with an 2019 EV/CashFlow of 13.6, according to Sandstorm's presentation.
http://seekingalpha.com/article/3999390-osisko-gold-royaltie…
Richtig gute News bei Luna Gold. Komplettes True Gold Management Team jetzt installiert welches sich auch per private placement beteiligt. Das wird was meiner Meinung nach
Antwort auf Beitrag Nr.: 53.065.374 von KMST am 15.08.16 22:21:14
Das würde mich natürlich für beide Seiten freuen! Auf der Unternehmenspräsentation wird Aurizona noch mit 3 Mio CF geführt... .
Nach dem Rectructuring sah/sieht es so aus:
Gold Stream Restructuring
Under the terms of the Restructuring, the Gold Stream will be terminated and replaced by two net smelter return royalties (“NSR”) (the “Aurizona Project NSR” and the “Greenfields NSR”) and a convertible debenture. The Aurizona Project NSR will cover the entire Aurizona project, including the current 43-101 compliant Reserves and Resources, and all adjacent exploration upside that would be processed through the Aurizona mill. The Aurizona Project NSR will be a sliding scale royalty based on the price of gold as follows:
3% if the price of gold is less than or equal to US$1,500 per ounce;
4% if the price of gold is between US$1,500 per ounce and US$2,000 per ounce; and
5% if the price of gold is greater than US$2,000 per ounce.
The Greenfields NSR will cover the 190,073 hectares of exploration ground held by Luna and will be a 2% NSR. Luna will have the right to purchase one-half of the Greenfields NSR for US$10 million at any time prior to commercial production.
Sandstorm will hold a right of first refusal on any future streams or royalties on the Aurizona Project and Greenfields.
The debenture will be a US$30 million debenture bearing interest at a rate of 5% per annum (the “Debenture”). The Debenture is payable in three equal annual tranches of US$10 million plus accrued interest beginning January 1, 2018. Luna will have the right to convert principal and interest owing under the Debenture into common shares of Luna, so long as Sandstorm does not own more than 20% of the outstanding common shares of Luna.
Loan Amendment
Under the Loan amendment, the maturity date of the Loan will be extended from June 30, 2017 to June 30, 2021, the interest rate will be revised to 5% per annum, payable in cash on the maturity date, and Luna will be subject to a default rate of interest equal to 10% per annum.
Zitat von KMST: Richtig gute News bei Luna Gold. Komplettes True Gold Management Team jetzt installiert welches sich auch per private placement beteiligt. Das wird was meiner Meinung nach
Das würde mich natürlich für beide Seiten freuen! Auf der Unternehmenspräsentation wird Aurizona noch mit 3 Mio CF geführt... .
Nach dem Rectructuring sah/sieht es so aus:
Gold Stream Restructuring
Under the terms of the Restructuring, the Gold Stream will be terminated and replaced by two net smelter return royalties (“NSR”) (the “Aurizona Project NSR” and the “Greenfields NSR”) and a convertible debenture. The Aurizona Project NSR will cover the entire Aurizona project, including the current 43-101 compliant Reserves and Resources, and all adjacent exploration upside that would be processed through the Aurizona mill. The Aurizona Project NSR will be a sliding scale royalty based on the price of gold as follows:
3% if the price of gold is less than or equal to US$1,500 per ounce;
4% if the price of gold is between US$1,500 per ounce and US$2,000 per ounce; and
5% if the price of gold is greater than US$2,000 per ounce.
The Greenfields NSR will cover the 190,073 hectares of exploration ground held by Luna and will be a 2% NSR. Luna will have the right to purchase one-half of the Greenfields NSR for US$10 million at any time prior to commercial production.
Sandstorm will hold a right of first refusal on any future streams or royalties on the Aurizona Project and Greenfields.
The debenture will be a US$30 million debenture bearing interest at a rate of 5% per annum (the “Debenture”). The Debenture is payable in three equal annual tranches of US$10 million plus accrued interest beginning January 1, 2018. Luna will have the right to convert principal and interest owing under the Debenture into common shares of Luna, so long as Sandstorm does not own more than 20% of the outstanding common shares of Luna.
Loan Amendment
Under the Loan amendment, the maturity date of the Loan will be extended from June 30, 2017 to June 30, 2021, the interest rate will be revised to 5% per annum, payable in cash on the maturity date, and Luna will be subject to a default rate of interest equal to 10% per annum.
Nicht die Welt, aber langsam nährt sich das Eichhörnchen :-)
Orezone Receives Mining Permit for Bomboré
http://www.kitco.com/pr/1290/article_08152016121649.pdf
Sandstorm:
The Bomboré project, owned by Orezone Gold Corp., is the largest undeveloped oxide gold deposit in Burkina Faso containing 4.6 million ounces of measured and indicated gold resources (2.0 million ounces of oxide resources and 2.6 million ounces of sulfide resources). Gold resources occur at surface in several zones along an 11 kilometre strike length. Resources are open at depth and the average drilling depth to date is about 120 metres below surface.
The gold mineralization occurs within the main Bomboré shear zone and is associated with silica, sulphide and carbonate-albite-tourmaline-biotite alteration as well as arrays of quartz veins and veinlets. Gold is free and mainly associated with minor pyrite, chalcopyrite and arsenopyrite disseminations and stringers.
The Bomboré project is located 85 kilometres east of the capital city of Ouagadougou and is adjacent to the national paved highway. The available infrastructure includes a high voltage power line nearby, access to sufficient water and a local labor force.
Terms
Sandstorm has a 0.45% net smelter returns (“NSR”) royalty on the Bomboré project. Sandstorm made an upfront payment of US$3 million to acquire the royalty in January 2015 (the “Upfront Royalty”). Sandstorm has committed to an additional US$5.0 million in royalty financing, available to Orezone on a drawdown basis for a period of two years (the “Standby Royalty”). Orezone can access the Standby Royalty in the following three tranches:
US$1 million for a 0.15% NSR;
US$1 million for a 0.15% NSR; and
US$3 million in cash or shares for a 0.45% NSR.
Sandstorm has a right of first refusal (“ROFR”) on any future stream or royalty financings related to the Bomboré Project until 36 months following the achievement of commercial production at the mine.
Orezone has the option to repurchase the Upfront Royalty from Sandstorm for a period of 36 months, at a premium of 10% per year up to a maximum of 30%. The Standby Royalty can also be repurchased at a premium of 10% per year if Orezone completes a gold stream financing and Sandstorm participates for no less than US$30 million.
Orezone Receives Mining Permit for Bomboré
http://www.kitco.com/pr/1290/article_08152016121649.pdf
Sandstorm:
The Bomboré project, owned by Orezone Gold Corp., is the largest undeveloped oxide gold deposit in Burkina Faso containing 4.6 million ounces of measured and indicated gold resources (2.0 million ounces of oxide resources and 2.6 million ounces of sulfide resources). Gold resources occur at surface in several zones along an 11 kilometre strike length. Resources are open at depth and the average drilling depth to date is about 120 metres below surface.
The gold mineralization occurs within the main Bomboré shear zone and is associated with silica, sulphide and carbonate-albite-tourmaline-biotite alteration as well as arrays of quartz veins and veinlets. Gold is free and mainly associated with minor pyrite, chalcopyrite and arsenopyrite disseminations and stringers.
The Bomboré project is located 85 kilometres east of the capital city of Ouagadougou and is adjacent to the national paved highway. The available infrastructure includes a high voltage power line nearby, access to sufficient water and a local labor force.
Terms
Sandstorm has a 0.45% net smelter returns (“NSR”) royalty on the Bomboré project. Sandstorm made an upfront payment of US$3 million to acquire the royalty in January 2015 (the “Upfront Royalty”). Sandstorm has committed to an additional US$5.0 million in royalty financing, available to Orezone on a drawdown basis for a period of two years (the “Standby Royalty”). Orezone can access the Standby Royalty in the following three tranches:
US$1 million for a 0.15% NSR;
US$1 million for a 0.15% NSR; and
US$3 million in cash or shares for a 0.45% NSR.
Sandstorm has a right of first refusal (“ROFR”) on any future stream or royalty financings related to the Bomboré Project until 36 months following the achievement of commercial production at the mine.
Orezone has the option to repurchase the Upfront Royalty from Sandstorm for a period of 36 months, at a premium of 10% per year up to a maximum of 30%. The Standby Royalty can also be repurchased at a premium of 10% per year if Orezone completes a gold stream financing and Sandstorm participates for no less than US$30 million.
Sandstorm Gold Provides Project Updates
Vancouver, British Columbia | September 14, 2016
http://www.sandstormgold.com/news/release/index.php?&content…
Vancouver, British Columbia | September 14, 2016
http://www.sandstormgold.com/news/release/index.php?&content…
...With $48 million in after-tax cash flow estimated for 2017 (based on its existing royalties and streaming assets, and a gold price of $1,300 per ounce), Sandstorm is trading at a 2017 EV/CashFlow of 15.56.
This doesn't necessarily make the stock cheap. However, looking out to 2021, you'll see above that Sandstorm is projecting strong growth in after-tax cash flow to $68 million, so shares trade at a 2021 EV/CashFlow of 10.9, which is a very reasonable valuation. Again, this cash flow comes from all of Sandstorm's existing assets, which do not require any further capital committments; I expect the company to complete a number of deals between now and 2021. It also does not include a number of equity and debt investments Sandstorm holds, which I'll discuss in a bit.
Sandstorm also carries big leverage to gold prices - with a rise in gold prices to $1,600 per ounce, silver to $23 per ounce, and copper to $3 per pound, Sandstorm estimates $87 million in after-tax cash flow in 2021, just from higher gold prices. If four additional assets come to production by then (mainly, the Cerro Morro silver stream and the Hackett River royalty), Sandstorm would recognize an additional $21 million in after-tax cash flow, bringing its 2021 total to $108 million. If this is the case, shares trade at a 2021 EV/CashFlow of just 7.
Now, I want to talk briefly about the additional assets Sandstorm owns that give it even greater upside potential.
First, Sandstorm says that over 110 streams and royalties are not included in this cash flow forecast; of course, these assets could provide further cash flow in the future and give the company optionality to higher gold prices.
Next, Sandstorm owns right of first refusals and royalty buyback rights on over 30 contracts in which it can buy new streams and royalties. One example is Sandstorm's royalty with Orezone Gold and its Bombore project, as it gives Orezone the option to draw down $1 million for a .15% NSR, up to $5 million or .75%. I hope Orezone exercises this option, because I am bullish on the company's Bombore project.
Another example is Sandstorm's royalty on Castle Peak Mining's Akorade Project and eight royalties in acquired in Nevada, which were all acquired in a deal back in January of 2015; these royalties have ROFR's, so no other gold streaming company can complete a deal on these assets.
Next, the company's valuation does not include the significant amount of equity and debt investments held by Sandstorm. And these are pretty significant: according to the company's corporate presentation, it holds $88 million in non-core investments - $35 million in equity investments and $53 million in debt investments. This includes a 7.5% stake in Mariana Resources (OTC:MRLDF), which I also own, plus a large equity and debt position in Luna Gold (OTCPK:LGCUF), and an equity stake in Columbus Gold (OTCQX:CBGDF).
Of course, there are still some risks with Sandstorm that should be addressed. For one, as I mentioned recently, Silver Wheaton (NYSE:SLW) has made it known that it intends on completing smaller streaming and royalty transactions, which I think may increase the competition for the deals Sandstorm is looking to complete. The types of deals Silver Wheaton is targeting would only cost $20 million or less upfront, which is the amount Sandstorm typically looks to spend on a development deal. This is something investors should keep a close eye on in my opinion.
I'm also skeptical that Luna Gold's Aurizona gold project will get back into production given the project's significant upfront capital requirements, as mentioned in its updated pre-feasibility study. Sandstorm's previous gold stream was restructued into a sliding scale royalty of 3% to 5% and a convertible debenture of $30 million on Luna Gold, plus a royalty on other exploration grounds. Sandstorm owns a pretty significant stake in Luna Gold and I think its success is important to the company.
New Deals...
Sandstorm has over $110 million in available capital and is looking to complete more acquisitions, from smaller royalty acquisitions on exploration properties and slightly larger development deals, to larger "anchor" deals like the $152 million multi-asset stream agreement with large-cap gold miner Yamana Gold.
The company is making good progress. Sandstorm recently completed the acquisition of five royalties for $3.5 million from a company called Norilsk Nickel, as listed on the company's updated corporate presentation. The company was able to provide the name of each royalty asset and the terms of each deal in an e-mail. It's a small deal, but looks like it could be a profitable one for Sandstorm, and it also gives it some long-term upside. On the downside, with the exception of the Gum Creek royalty, the deal is focused on nickel assets and not gold.
As you can see above, the main asset acquired in this deal is a 1% gross returns royalty on Western Areas Ltd.'s Forrestania nickel mine in Australia, which is in production. Western Areas is a company that carries a market cap of $683 million and cash on hand of $75.7 million, according to its corporate presentation.
According to Denver Harris of Sandstorm Gold, this is one of the highest grade nickel projects in the world, and Sandstorm expects the royalty to generate up to $1 million in cash flow per year for the next 6-10 years. That would easily be worth the cost of the deal for Sandstorm. Readers can learn more about this asset by visiting Western Areas' website and by viewing their corporate presentation.
Final Thoughts
While there are some risks, the sell-off in Sandstorm stock has presented investors with a long-term buying opportunity in my opinion. This is a growth-focused, yet profitable company that is poised to outperform going forward. I'm looking forward to continuing my coverage of Sandstorm, and I will look to buy more shares if they remain under $5... .
http://seekingalpha.com/article/4009089-sandstorm-gold-pullb…
This doesn't necessarily make the stock cheap. However, looking out to 2021, you'll see above that Sandstorm is projecting strong growth in after-tax cash flow to $68 million, so shares trade at a 2021 EV/CashFlow of 10.9, which is a very reasonable valuation. Again, this cash flow comes from all of Sandstorm's existing assets, which do not require any further capital committments; I expect the company to complete a number of deals between now and 2021. It also does not include a number of equity and debt investments Sandstorm holds, which I'll discuss in a bit.
Sandstorm also carries big leverage to gold prices - with a rise in gold prices to $1,600 per ounce, silver to $23 per ounce, and copper to $3 per pound, Sandstorm estimates $87 million in after-tax cash flow in 2021, just from higher gold prices. If four additional assets come to production by then (mainly, the Cerro Morro silver stream and the Hackett River royalty), Sandstorm would recognize an additional $21 million in after-tax cash flow, bringing its 2021 total to $108 million. If this is the case, shares trade at a 2021 EV/CashFlow of just 7.
Now, I want to talk briefly about the additional assets Sandstorm owns that give it even greater upside potential.
First, Sandstorm says that over 110 streams and royalties are not included in this cash flow forecast; of course, these assets could provide further cash flow in the future and give the company optionality to higher gold prices.
Next, Sandstorm owns right of first refusals and royalty buyback rights on over 30 contracts in which it can buy new streams and royalties. One example is Sandstorm's royalty with Orezone Gold and its Bombore project, as it gives Orezone the option to draw down $1 million for a .15% NSR, up to $5 million or .75%. I hope Orezone exercises this option, because I am bullish on the company's Bombore project.
Another example is Sandstorm's royalty on Castle Peak Mining's Akorade Project and eight royalties in acquired in Nevada, which were all acquired in a deal back in January of 2015; these royalties have ROFR's, so no other gold streaming company can complete a deal on these assets.
Next, the company's valuation does not include the significant amount of equity and debt investments held by Sandstorm. And these are pretty significant: according to the company's corporate presentation, it holds $88 million in non-core investments - $35 million in equity investments and $53 million in debt investments. This includes a 7.5% stake in Mariana Resources (OTC:MRLDF), which I also own, plus a large equity and debt position in Luna Gold (OTCPK:LGCUF), and an equity stake in Columbus Gold (OTCQX:CBGDF).
Of course, there are still some risks with Sandstorm that should be addressed. For one, as I mentioned recently, Silver Wheaton (NYSE:SLW) has made it known that it intends on completing smaller streaming and royalty transactions, which I think may increase the competition for the deals Sandstorm is looking to complete. The types of deals Silver Wheaton is targeting would only cost $20 million or less upfront, which is the amount Sandstorm typically looks to spend on a development deal. This is something investors should keep a close eye on in my opinion.
I'm also skeptical that Luna Gold's Aurizona gold project will get back into production given the project's significant upfront capital requirements, as mentioned in its updated pre-feasibility study. Sandstorm's previous gold stream was restructued into a sliding scale royalty of 3% to 5% and a convertible debenture of $30 million on Luna Gold, plus a royalty on other exploration grounds. Sandstorm owns a pretty significant stake in Luna Gold and I think its success is important to the company.
New Deals...
Sandstorm has over $110 million in available capital and is looking to complete more acquisitions, from smaller royalty acquisitions on exploration properties and slightly larger development deals, to larger "anchor" deals like the $152 million multi-asset stream agreement with large-cap gold miner Yamana Gold.
The company is making good progress. Sandstorm recently completed the acquisition of five royalties for $3.5 million from a company called Norilsk Nickel, as listed on the company's updated corporate presentation. The company was able to provide the name of each royalty asset and the terms of each deal in an e-mail. It's a small deal, but looks like it could be a profitable one for Sandstorm, and it also gives it some long-term upside. On the downside, with the exception of the Gum Creek royalty, the deal is focused on nickel assets and not gold.
As you can see above, the main asset acquired in this deal is a 1% gross returns royalty on Western Areas Ltd.'s Forrestania nickel mine in Australia, which is in production. Western Areas is a company that carries a market cap of $683 million and cash on hand of $75.7 million, according to its corporate presentation.
According to Denver Harris of Sandstorm Gold, this is one of the highest grade nickel projects in the world, and Sandstorm expects the royalty to generate up to $1 million in cash flow per year for the next 6-10 years. That would easily be worth the cost of the deal for Sandstorm. Readers can learn more about this asset by visiting Western Areas' website and by viewing their corporate presentation.
Final Thoughts
While there are some risks, the sell-off in Sandstorm stock has presented investors with a long-term buying opportunity in my opinion. This is a growth-focused, yet profitable company that is poised to outperform going forward. I'm looking forward to continuing my coverage of Sandstorm, and I will look to buy more shares if they remain under $5... .
http://seekingalpha.com/article/4009089-sandstorm-gold-pullb…
Sandstorm Gold Announces 12,500 Gold Equivalent Ounces in Q3, 2016
http://finance.yahoo.com/news/sandstorm-gold-announces-12-50…
http://incakolanews.blogspot.de/2016/10/sandstorm-gold-sand-…
Take the preliminary 12,500 oz AuEq that SAND says they've sold in 3q16, add in an average price, assume the same type of split between gold sales and royalty revenues as in previous quarters, come up with a chart like this:
That's a guesstimate of U$16.625m for 3q16. A reasonable quarter. There's room for the stock price to go higher on that.
http://finance.yahoo.com/news/sandstorm-gold-announces-12-50…
http://incakolanews.blogspot.de/2016/10/sandstorm-gold-sand-…
Take the preliminary 12,500 oz AuEq that SAND says they've sold in 3q16, add in an average price, assume the same type of split between gold sales and royalty revenues as in previous quarters, come up with a chart like this:
That's a guesstimate of U$16.625m for 3q16. A reasonable quarter. There's room for the stock price to go higher on that.
Antwort auf Beitrag Nr.: 53.400.420 von trobs am 03.10.16 22:24:46sieht aus als präsentiert sich hier bald eine langfristige kaufgelegenheit...cash hab ich wieder genug auf der hohen kante nach der kirkland gold newmarket gold übernahme.
mal schauen
mal schauen
Nolan Watson (Denver Gold Forum 19.September)
Bought another three royalties, one of them is cash flowing, so it´s 134 streams and royalties of which 21 are cash flowing.
No debt
65.000 AuEqOz by 2019 all bought and paid for, so no additional cost, our cost 300 Dollar per Ounce
Agreement with Yamana for Cerro Moro: if CM is not on time, Sandstorm gets ounces from another property
Until 2019 operating Cf will go up to 58M Dollar a year, until 2021 nearly 70M Dollar a year
Production: 85% precious metals, 15% base metals
88M Dollars non-core investments (equity or debt investments in other mining companies), we want to monetize on some of them to help with our growth
The Cf above is only a small part of the streams and royalties because a number of assets are NOT included in the "base Cf":
1. Increase of gold price brings not only higher Cf, but also at 1600 Dollar gold price brings in the development of four assets with another 20M Cf....until 2021 could be 100M Cf a year
2. Still 110 streams and royalties are NOT included in these numbers
3. Further unrecognized value: Reserve and resource expansion, more ounces were discovered on Sandstorm properties than were mined in 2016
4. Further unrecognized value: 9 development projects which are NOT in the Cf forecast with about 1,2M AuEqOz attributable to Sandstorm
5. Further unrecognized value: Exploration Acorns (Today´s acorns might become tomorrow´s development assets): 90 exploration stage properties, 25 of which are advanced stage
6. Further unrecognized value: Royalty Buyback Rights: Over 30 contracts to buy new royalties and streams at a fixed price (these are in addition to the 134)
http://www.wsw.com/webcast/dgf16/ssl.to/?lobby=true&day=1
Bought another three royalties, one of them is cash flowing, so it´s 134 streams and royalties of which 21 are cash flowing.
No debt
65.000 AuEqOz by 2019 all bought and paid for, so no additional cost, our cost 300 Dollar per Ounce
Agreement with Yamana for Cerro Moro: if CM is not on time, Sandstorm gets ounces from another property
Until 2019 operating Cf will go up to 58M Dollar a year, until 2021 nearly 70M Dollar a year
Production: 85% precious metals, 15% base metals
88M Dollars non-core investments (equity or debt investments in other mining companies), we want to monetize on some of them to help with our growth
The Cf above is only a small part of the streams and royalties because a number of assets are NOT included in the "base Cf":
1. Increase of gold price brings not only higher Cf, but also at 1600 Dollar gold price brings in the development of four assets with another 20M Cf....until 2021 could be 100M Cf a year
2. Still 110 streams and royalties are NOT included in these numbers
3. Further unrecognized value: Reserve and resource expansion, more ounces were discovered on Sandstorm properties than were mined in 2016
4. Further unrecognized value: 9 development projects which are NOT in the Cf forecast with about 1,2M AuEqOz attributable to Sandstorm
5. Further unrecognized value: Exploration Acorns (Today´s acorns might become tomorrow´s development assets): 90 exploration stage properties, 25 of which are advanced stage
6. Further unrecognized value: Royalty Buyback Rights: Over 30 contracts to buy new royalties and streams at a fixed price (these are in addition to the 134)
http://www.wsw.com/webcast/dgf16/ssl.to/?lobby=true&day=1
$16.8 million Ich glaube die Schätzung war ziemlich gut:-)
Sandstorm Gold Announces 2016 Third Quarter Results
VANCOUVER, Nov. 9, 2016 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) has released its results for the third quarter ended September 30, 2016 (all figures in U.S. dollars).
— THIRD QUARTER HIGHLIGHTS
Attributable gold equivalent ounces sold1 of 12,588 ounces (Q3 2015 – 10,834 ounces);
Revenue of $16.8 million (Q3 2015 - $12.1 million);
Average cash cost per attributable gold equivalent ounce of $255 resulting in cash operating margins1 of $1,081 per ounce (Q3 2015 - $307 per ounce and $809 per ounce respectively);
Operating cash flow of $10.3 million (Q3 2015 – $8.2 million);
Net income of $6.9 million (Q3 2015 – $5.5 million loss); and
The Company completed an equity financing for aggregate gross proceeds of $57.5 million. The majority of the net proceeds were used to reduce the balance of the Company's revolving credit facility. As a result, the Company currently has no bank debt and the entire $110 million revolving credit facility remains available for acquisition purposes... .
http://www.minenportal.de/artikel.php?sid=183403&lang=en#San…
Ich glaube die Schätzung war ziemlich gut:-)Sandstorm Gold Announces 2016 Third Quarter Results
VANCOUVER, Nov. 9, 2016 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) has released its results for the third quarter ended September 30, 2016 (all figures in U.S. dollars).
— THIRD QUARTER HIGHLIGHTS
Attributable gold equivalent ounces sold1 of 12,588 ounces (Q3 2015 – 10,834 ounces);
Revenue of $16.8 million (Q3 2015 - $12.1 million);
Average cash cost per attributable gold equivalent ounce of $255 resulting in cash operating margins1 of $1,081 per ounce (Q3 2015 - $307 per ounce and $809 per ounce respectively);
Operating cash flow of $10.3 million (Q3 2015 – $8.2 million);
Net income of $6.9 million (Q3 2015 – $5.5 million loss); and
The Company completed an equity financing for aggregate gross proceeds of $57.5 million. The majority of the net proceeds were used to reduce the balance of the Company's revolving credit facility. As a result, the Company currently has no bank debt and the entire $110 million revolving credit facility remains available for acquisition purposes... .
http://www.minenportal.de/artikel.php?sid=183403&lang=en#San…
Antwort auf Beitrag Nr.: 53.660.793 von trobs am 10.11.16 08:25:08gutes q3, jetzt noch paar deals beim rücksetzer ins ziel bringen und danach kohle einsammeln
Wenn es so weitergeht, braucht man bald nichts mehr einzusammeln.
ich sammel seit freitag quer im sektor ein, nächste woche geht es weiter. hatte noch 1/3 cash im bestand.
kaufliste: sandstorm, newmarket, kirkland, first maj., perseus, silver wheaton
kaufliste: sandstorm, newmarket, kirkland, first maj., perseus, silver wheaton
Antwort auf Beitrag Nr.: 53.679.519 von KMST am 12.11.16 11:21:11Im Moment sehe ich nicht, warum Edelmetalle steigen sollten. Trump rudert volle Kanne zurück und es gibt insofern auch keinen zwingenden Grund, warum Gold den Hintern hoch bekommen sollte.
Wünsche Dir beim Einsammeln Glück, habe die meisten davon auch im Depot.
Wünsche Dir beim Einsammeln Glück, habe die meisten davon auch im Depot.
Silver and Gold Summit, kleines Interview mit Nolan, der begierig darauf wartet einkaufen zu gehen:-)
http://www.kitco.com/news/video/show/Silver--Gold-Summit-201…
http://www.kitco.com/news/video/show/Silver--Gold-Summit-201…
Sandstorm Gold Provides Updates on Normal Course Issuer Bid and Projects
Wed December 28, 2016 9:21 AM|PR Newswire|About: SAND
VANCOUVER, Dec. 28, 2016 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) (NYSE MKT: SAND, TSX: SSL) is pleased to provide an update regarding activity under its normal course issuer bid ("NCIB") as well as exploration and development progress at a number of assets underlying the Company's streams and royalties.
NORMAL COURSE ISSUER BID
Sandstorm previously announced a NCIB (see press release dated March 30, 2016), providing the Company with the option to purchase its common shares when management believes that the common shares are undervalued by the market. The fourth quarter of 2016 has seen significant declines in the price of gold, impacting Sandstorm's share price and market valuation. As a result, the Company has recently purchased some of its common shares. Since December 15, 2016, the Company has purchased 545,977 common shares at a weighted average price of C$4.56 per common share.
Under the NCIB rules of the Toronto Stock Exchange, daily purchases cannot exceed 49,211 common shares subject to the Company's ability to make block purchases.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, no shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
ANFIELD PROVIDES PROGRESS UPDATE ON THE CORINGA PROJECT
Since completing the acquisition of Magellan Minerals Ltd. (MAGNF), Anfield Gold Corp. ("Anfield") has made substantial progress at the Coringa gold project in Para State, Brazil ("Coringa") and is targeting production in late 2017.
The development work required to advance the project includes a 20,000-metre infill drilling program, engineering work to complete a NI 43-101 feasibility study incorporating the Andorinhas plant, disassembly, relocation and reassembly of the Andorinhas plant to the Coringa site and permitting.
Anfield has completed 11,281 metres of a 20,000-metre infill drilling program and 1,000 drill samples have been sent for assay. The results of the infill drilling program will be used to update the feasibility study resource model, mine design and schedule. Feasibility level design of the Coringa CIL plant incorporating the Andorinhas CIP plant is complete and the balance of geology, engineering, environmental and social studies supporting the feasibility study are ongoing. The study is expected to be completed in the second quarter of 2017. Final engineering design to support the Coringa plant construction has been initiated.
Anfield has assembled a Brazil-based operating team and several key management members and operations staff previously operated the Andorinhas plant. Over 75% of the Andorinhas plant and mining equipment has been disassembled and shipped to the Coringa site and reassembly of the plant will begin once detailed engineering is complete and the required permits are obtained.
Permitting efforts are ongoing to obtain the mining concession license and related operating licenses for the Coringa project. These will allow for the planned full scale production rate of 750 tonnes of mineralized material per day. Full scale production permitting will be a primary focus of the company in 2017.
For more information visit the Anfield website at www.anfieldgold.com and see the press release dated November 3, 2016.
Sandstorm holds a 2.5% net smelter returns ("NSR") royalty on the Coringa project.
MARIANA REPORTS FURTHER HIGH GRADE INTERCEPTS FROM INFILL AND EXTENSION DRILLING AT HOT MADEN, BEGINS DRILLING AT ERGAMA
Mariana Resources Limited ("Mariana") continues to report high grade gold-copper intercepts from ongoing diamond drilling at the Hot Maden project in north east Turkey ("Hot Maden"), confirming the internal continuity of gold-copper mineralisation within the Main Zone resource area.
The recent infill drilling forms part of a program designed to reduce drill hole spacings to 25 metres by 25 metres and to provide both detailed geotechnical data and metallurgical samples for mine development studies. Highlights from the drill results include:
HTD-71: 69.6 metres @ 62.7 grams per tonne ("g/t") gold and 2.68% copper from 210 metres downhole including:
7 metres @ 526 g/t gold and 3.28% copper (210m – 217 m)
14 metres @ 27.7 g/t gold and 3.38% copper (217m – 231 m)
48.6 metres @ 1.7 g/t gold and 2.39% copper (231m – 279.6 m)
HTD-70: 63 metres @ 8.3 g/t gold and 1.65% copper from 218 metres downhole including:
5 metres @ 35.6 g/t gold and 1.46% copper from 225 metres downhole.
HTD-72: 34.5 metres @ 19.4 g/t gold and 1.31% copper from 180.5 metres downhole including:
3.0 metres @ 54.4 g/t gold and 1.30% copper from 192 metres downhole.
HTD-82: 31 metres @ 17.0 g/t gold and 1.70% copper from 266 metres downhole and 37.5 metres @ 2.1 g/t gold and 1.49% copper from 317 metres downhole.
HTD-78: 79.0 metres @ 14.3 g/t gold and 1.59% copper from 294 metres downhole including:
18.0 metres @ 55.1 g/t gold and 1.58% copper from 296 metres downhole.
HTD-77: 90 metres @ 22.6 g/t gold and 4.39% copper from 96 metres downhole including:
11 metres @ 30.9 g/t gold and 6.30% copper from 99 metres downhole.
HTD-75: 62 metres @ 11.7 g/t gold and 1.43% copper from 276 metres downhole including:
2.0 metres @ 250 g/t gold and 6.50% copper from 282 metres downhole; and
44.0 metres @ 1.05 g/t gold and 1.46% copper from 334 metres downhole.
The potential for the discovery of a deep (>250 metres), possibly fault offset block of Main Zone-type mineralisation beneath the "Ridge" area (southern limit of the Main Zone resource) has increased with the successful intersection of high grade gold and copper mineralisation at depth in three holes. Assay results include:
HTD-69: 7 metres @ 19.7 g/t gold and 2.1% copper from 351 metres downhole.
HTD-76: 33 metres @ 1.4 g/t gold and 0.99% copper from 357 metres downhole, and 11 metres @ 6.1 g/t gold and 0.97% copper from 443 metres downhole.
HTD-80: 4.5 metres @ 16.3 g/t gold and 1.90% copper from 177.5 metres downhole and 5.0 metres @ 8.4 g/t gold and 1.30% copper from 194.0 metres downhole.
The Hot Maden Preliminary Economic Assessment is in the process of being finalized with an anticipated completion date expected early in the New Year.
In addition to its exploration work at Hot Maden, Mariana recently announced that it has commenced an initial 7-hole diamond drill program at the Ergama copper-gold project in western Turkey ("Ergama"). The drilling is expected to be completed in early January 2017 with assay results expected before the end of the first quarter of 2017. The main targets to be tested include near-surface, porphyry-style copper-gold mineralisation within the central portion of the Ergama claim block, in addition to peripheral high grade vein/fault hosted gold-silver mineralisation.
For more information and complete drill results and Mineral Resource details visit the Mariana Resources website at www.marianaresources.com and see the press release dated October 26, 2016, November 29, 2016 and December 20, 2016.
Sandstorm holds a 2.0% NSR royalty on the Hot Maden and Ergama projects.
ERDENE CONTINUES TO EXPAND HIGH-GRADE ZONES AT BAYAN KHUNDII, RELEASES DRILL RESULTS AT ALTAN NAR
Erdene Resource Development Corp. ("Erdene") has released a number of drill results from its Q3/Q4 2016 drill campaign at the Bayan Khundii gold project in southwest Mongolia ("Bayan Khundii"). Gold mineralization at Bayan Khundii has been identified over a 1.7 kilometre trend, with detailed exploration taking place over a 500 metre by 350 metre zone in the southwest portion of the prospect area, where Erdene's drill programs have focused. Results include several high-grade intersections within a series of parallel structures.
As of November 28, 2016, 87 diamond drill holes totaling 9,784 metres had been drilled at Bayan Khundii and the most recent results released in November (BKD-62 to BKD-87) continued to expand the boundaries of gold mineralization, with several high-grade gold intersections over wide intervals. Multiple gold-bearing structures are now being defined at Bayan Khundii, including Striker Zone, the most extensively explored zone.
Deep Striker
Drilling along the southern boundary of the Striker Zone, targeting extensions at depth, returned the highest grade gold intercept reported to date with 65 metres of 6.3 g/t gold (71m-136m) including 37 metres of 11 g/t gold (76m-113m, BKD-77).
Striker North
As part of Erdene's Striker Zone expansion program, drilling has further defined a new gold zone north of Striker with 6 metres of 9.0 g/t gold (54m-60m, BKD-63) and 19 metres of 1.6 g/t gold (25m-40m, BKD-65). The latest three holes testing the northern extension ended in gold mineralization and included 18 metres of 7.1 g/t gold (BKD-86).
Striker Main
The Striker Main drilling continues to provide impressive intersections with good continuity and high grades over broad intervals including 56 metres of 2.1 g/t gold (44m-100m, BKD-74), including 3 metres of 22.7 g/t gold (68m-71m); 71 metres of 1.1 g/t gold (29m-100,BKD-73) and 21 metres of 8.3 g/t gold (61m-82m), within 36.7 metres of 5.0 g/t gold (46m-82.7m, BKD-84).
Step-Out Drilling
On November 25, 2016, Erdene mobilized a drill rig to test a target area approximately 200 metres north of the Striker Zone, surrounding the successful step-out hole BKD-60 which intercepted 123m @ 1.23 g/t gold (20m-143m). Results from a series of drill holes in this area are anticipated to be reported early in Q1-2017.
A summary of the drill results for holes BKD-01 to BKD-60 can be found in table 1 below.
Results Summary for Holes BKD-01 to BKD-60
Altan Nar
In addition to the exploration program at Bayan Khundii, Erdene recently tested a target at the Altan Nar gold-polymetallic project, 19 kilometres to the northwest of Bayan Khundii. Hole TND-101 intersected 110 metres of 9.3 g/t gold, 32 g/t silver and 1.4% combined lead-zinc (32m-142m) including 14 metres of 55.6 g/t gold, 131 g/t silver and 5.65% combined lead-zinc (96m-110m), and 5 metres of 24.8 g/t gold, 49.8 g/t silver and 3.48% combined lead-zinc (73m-78m).
Altan Nar is considered to be a carbonate-base metals gold deposit, a style of deposit that includes the most prolific gold producers in the southwest Pacific rim and includes well-known deposits such as Porgera (Papua New Guinea) and Kelian (Indonesia).
For more information and complete drill results visit the Erdene website at www.erdene.com and see the press releases dated November 17, 2016, November 28, 2016, and December 19, 2016.
Sandstorm holds a 2% NSR royalty on Erdene's Bayan Khundii and Altan Nar projects. The Company also owns 5 million shares of Erdene, at an average cost of $0.20.
OSISKO INCREASES DRILL PROGRAM AT WINDFALL BY 250,000 METRES
Osisko Mining Inc. ("Osisko") has announced that it is increasing the scale on the ongoing drill program at the Windfall Lake gold project located in Québec, Canada. Since late October 2015, Osisko has drilled approximately 115,000 metres as part of an originally announced 50,000 metre program (expanded twice to the current 150,000 metre drilling campaign) on the Windfall Lake gold deposit and surrounding exploration targets. Exploration success in the initial 150,000 metre program has included:
an upgraded geological interpretation of the Windfall deposit which is leading to a significantly expanded and still growing footprint for the previously known area of mineralization;
the discovery of several significant new zones of mineralization including Wolf Zone and the recently announced new shallow high-grade zone known as the Lynx Zone, discovered on the 600 metre extension fence);
the recently announced 600 metre NE extension of the main corridors of mineralization (Caribou, Zone 27, Wolf and Underdog); and
two new discoveries in the surrounding area (Fox and Black Dog).
Recently reported drill results include:
Fox
27.6 g/t gold over 3.1 metres (406.0m-409.1m, DDH OSK-U-16-734);
8.04 g/t gold over 3 metres (65.5m-68.5m, DDH OSK-U-16-732); and
6.78 g/t gold over 2.0 metres (DDH OSK-U-16-731) (229.0m-229.8m).
Windfall Extension
65.0 g/t gold over 5.7 metres (226.3m-232.0m, DDH OSK-W-16-760) including;
76 g/t gold over 3.5 metres (226.3m-229.8m); and
100 g/t gold over 0.8 metres (229.0m-229.8m).
Underdog
34.4 g/t gold over 5.7 metres uncut (260m-265.7m, DDH OSK-W-16-720);
13.8 g/t gold over 6.6 metres (1135.5m-1142.1m, DDH OSK-W-16-708-W2);
7.57 g/t gold over 7.70 metres (944.8m-952.5m, DDH OSK-W-16-706-W3);
11.8 g/t gold over 4.6 metres (539.2m-543.8m, DDH OSK-W-16-309-W3);
25.1 g/t gold over 2.0 metres and 15.5 g/t gold over 2.9 metres (797m-799m, DDH OSK-W-16-704-W1); and
13.0 g/t gold over 2.0 metres (918.8m-921.0m, DDH OSK-W-16-311-W2).
The new 250,000 metres of drilling will assist Osisko in further exploring and defining the known mineralization within the main deposit area and the recently discovered NE extension area. Osisko's objective is to maximize the level of information to be included in an anticipated initial 2017 resource update.
For more information and complete drill results visit the Osisko website at www.osiskomining.com and see press releases dated October 12, 2016, October 25, 2016, November 23, 2016, December 5, 2016, December 19, 2016.
Sandstorm holds a 0.5% and a 1% NSR royalty on portions of the Windfall Lake property.
ENTRÉE GOLD DISCUSSES TURQUOISE HILL RELEASE OF OYU TOLGOI EXPANSION PEA
Entrée Gold Inc. ("Entrée") announced the filing of an updated technical report ("2016 OTTR") relating to the Oyu Tolgoi copper-gold project in Mongolia. Turquoise Hill Resources Ltd. ("Turquoise Hill") filed the report under National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
In addition to updating the Reserve Case on the open pit and Hugo North (including Hugo North Extension) Lift 1 block cave, 2016 OTTR includes Preliminary Economic Assessments of potential later phases of the Oyu Tolgoi deposits utilizing four Alternative Production Cases. Two of these deposits, Hugo North (including Hugo North Extension) Lift 2 and Heruga include Entrée/Oyu Tolgoi LLC joint venture resources. The Alternative Production Cases take advantage of productivity improvements in plant throughput that have begun to be recognized in the process plant and evaluate plant capacity expansions as high as 120 million tonnes per annum. Variations in operating and capital costs are also evaluated.
Sandstorm has a stream agreement to purchase 5.62% of the gold, 4.26% of the silver and 0.42% of the copper from the Oyu Tolgoi project deposits - the Hugo North Extension copper-gold deposit and the Heruga copper-gold-molybdenum deposit. These deposits are the northern-most and southern-most, respectively, in the 12 kilometre-long Oyu Tolgoi series of deposits. The resources at Hugo North Extension include a Probable reserve, which is included in Lift 1 of the underground mine development.
On November 3, 2016, Turquoise Hill announced that work had begun for Shaft 5 sinking and the convey-to-surface box cut excavation, while construction of critical on-site facilities continued. Oyu Tolgoi recently signed an additional underground mining and support services contract with Dayan Contract Mining for the sinking of Shafts 2 and 5. At the end of the third quarter 2016, the underground workforce was approximately 1,600 people and was expected to reach 2,400 people by the end of 2016.
For more information visit the Entrée Gold website at www.entreegold.com and see the press release dated October 24, 2016. The Turquoise Hill technical report, titled "2016 Oyu Tolgoi Technical Report", with an effective date of October 14, 2016, is available on SEDAR at www.sedar.com under Turquoise Hill's profile.
KIRKLAND LAKE GOLD REPORTS ADDITIONAL HIGH GRADE INTERCEPTS AND IDENTIFIES NEW MINERALIZATION AT MACASSA FROM UNDERGROUND DRILLING ON THE SOUTH MINE COMPLEX
Kirkland Lake Gold Inc. ("Kirkland Lake Gold") reported new high grade drill intercepts from underground exploration drilling on the South Mine Complex ("SMC") at the Macassa Mine Complex, in Kirkland Lake, Ontario.
The drilling program infilled gaps in drill hole coverage between inferred resource blocks and identified new mineralization associated with the easterly strike extension of the SMC within the HM Claim, located approximately 610 metres southeast of the #2 shaft at the Macassa Mine Complex. Underground drilling highlights include:
651.8 g/t gold (93.6 g/t cut) over 3.8 metres, including 2,846.1 g/t gold over 0.5 metres, in hole 53-2921;
40.1 g/t gold over 3.0 metres in hole 53-2967;
97.7 g/t gold (70.2 g/t cut) over 1.6 metres, including 263.3 g/t gold over 0.3 metres, in hole 53-3065;
102.5 g/t gold (26.7 g/t cut) over 3.2 metres, including 923.3 g/t gold over 0.3 metres, in hole 53-3098; and
100.5 g/t gold (68.6 g/t cut) over 1.6 metres, including 261.6 g/t gold over 0.3 metres, in hole 53-3099.
All intercepts are core lengths. High grade assays are cut to 246.9 g/t or 120.0 g/t depending on the zone.
The drill program concentrated on both infilling gaps in drill hole coverage and also expanding the SMC further to the east within the HM Claim by testing a zone which was initially identified by drill hole 53-2414.
Kirkland Lake Gold has since completed 24 additional drill holes which has expanded and better defined this zone of mineralization. Based on the additional drilling, the zone has been defined over a strike length of 130 metres and is open up dip and is currently being tested with additional step out drilling.
For more information and for complete drill results visit the Kirkland Lake Gold website at www.klgold.com and see the press release dated November 7, 2016. Sandstorm holds a 2.0% NSR royalty on the HM Claim.
PRIMERO PROVIDES EXPLORATION UPDATE ON BLACK FOX DEEP CENTRAL ZONE
Primero Mining Corp. ("Primero") announced the results of successful exploration at the Black Fox mine located near Timmins, Ontario, Canada. The discovery, delineation and recent commencement of production from the Deep Central Zone at Black Fox is an important milestone for the mine. Initial production mining of the Deep Central Zone has returned positive results with grades and tonnes reconciling well with the production block model. First long-hole production blasting occurred in early-September, and is expected to continue to ramp-up from this area.
Three underground diamond drill rigs have been active on the 520 level exploration drift, targeting mineralization located down-plunge and to the west of the Deep Central Zone. Results have reconfirmed the high-grade tenure of the Deep Central Zone with drill hole 520-EX346-06 intercepting 27.9 g/t gold over 5.8 metres (from 355.6m-361.4m) at approximately 800 metres depth and more recent drilling returning significant gold grades including 34.4 g/t gold over 1.0 metre (402m-403m, 520-EX346-09) below the Deep Central Zone at approximately 900 metres depth. Deep drilling efforts are ongoing and are expected to be released by Primero in due course.
After successfully expanding and delineating the Black Fox Deep Central Zone, Primero has shifted focus to other priority target areas located to the west and at depth. Recent exploration of the west targets has returned positive results with significant gold grades including 87.3 g/t gold over 1.4 metres (505.9m-507.3m, 520-EX290-02), 9.5 g/t gold over 1.0 metres (368.5m-369.5m, 520-EX286-07), 28.1 g/t gold over 2.7 metres (376m-378.7m, 520-EX286-05), 4.6 g/t gold over 5.4 metres (454m-459.4m, 520-EX286-01) and 9.1 g/t gold over 1.2 metres (497.2m-498.4m, 520-EX286-02). Drill hole 520-EX286-05 was drilled to test an extension of the W1 High Quartz target, which remains open at depth. Holes 520-EX286-01 and -02 have identified the W5 Far West target which requires further infill exploration and remains open at depth. In addition, two surface drill rigs have been testing for other areas of Froome-like mineralization.
For more information, visit the Primero website at www.primeromining.com and see the press release dated September 19, 2016 and November 9, 2016.
Sandstorm has a gold stream agreement to purchase 8% of the life of mine gold produced from Black Fox for a per ounce cash payment equal US$524 per ounce.
YAMANA GOLD PROVIDES EXPLORATION UPDATE AT GUALCAMAYO
Yamana Gold Inc. ("Yamana") issued an update on the exploration programs at its Gualcamayo mine in Argentina ("Gualcamayo"). Yamana has completed a total of 2,457 metres distributed in 12 holes since September, testing the near-surface oxide deposits called Potenciales and Las Vacas. Several of the holes, including 16QD-975 drilled at Potenciales, have discovered important mineral intercepts that begin near the surface and continue to depth. The results continue to suggest the potential for the expansion of the Mineral Resource base immediately adjacent to the southwest and northeast of the QDD open pit. Construction of road access to further test and expand these oxide deposits surrounding the QDD main pit is in the planning stage and will begin early in the first quarter of 2017.
Recent drill results from holes completed at Cerro Condor and Potenciales (August 24, 2016 to September 26, 2016.), including all holes completed at these targets with results above a 0.5 g/t gold result are reported below:
Several of these intersections, in particular 16QD975, are at the pit wall and are sufficient in width and grade to suggest potential positive contributions to increases in Mineral Resources and Mineral Reserves at grades that exceed the current in pit grades. These new discoveries show large, untested potential exists at the surface or near surface well beyond the known extents of the current mineral inventory.
For more information, visit the Yamana website at www.yamana.com and see the press release dated October 27, 2016.
Sandstorm holds a 1.0% NSR royalty on the Gualcamayo mine.
Wed December 28, 2016 9:21 AM|PR Newswire|About: SAND
VANCOUVER, Dec. 28, 2016 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) (NYSE MKT: SAND, TSX: SSL) is pleased to provide an update regarding activity under its normal course issuer bid ("NCIB") as well as exploration and development progress at a number of assets underlying the Company's streams and royalties.
NORMAL COURSE ISSUER BID
Sandstorm previously announced a NCIB (see press release dated March 30, 2016), providing the Company with the option to purchase its common shares when management believes that the common shares are undervalued by the market. The fourth quarter of 2016 has seen significant declines in the price of gold, impacting Sandstorm's share price and market valuation. As a result, the Company has recently purchased some of its common shares. Since December 15, 2016, the Company has purchased 545,977 common shares at a weighted average price of C$4.56 per common share.
Under the NCIB rules of the Toronto Stock Exchange, daily purchases cannot exceed 49,211 common shares subject to the Company's ability to make block purchases.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, no shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
ANFIELD PROVIDES PROGRESS UPDATE ON THE CORINGA PROJECT
Since completing the acquisition of Magellan Minerals Ltd. (MAGNF), Anfield Gold Corp. ("Anfield") has made substantial progress at the Coringa gold project in Para State, Brazil ("Coringa") and is targeting production in late 2017.
The development work required to advance the project includes a 20,000-metre infill drilling program, engineering work to complete a NI 43-101 feasibility study incorporating the Andorinhas plant, disassembly, relocation and reassembly of the Andorinhas plant to the Coringa site and permitting.
Anfield has completed 11,281 metres of a 20,000-metre infill drilling program and 1,000 drill samples have been sent for assay. The results of the infill drilling program will be used to update the feasibility study resource model, mine design and schedule. Feasibility level design of the Coringa CIL plant incorporating the Andorinhas CIP plant is complete and the balance of geology, engineering, environmental and social studies supporting the feasibility study are ongoing. The study is expected to be completed in the second quarter of 2017. Final engineering design to support the Coringa plant construction has been initiated.
Anfield has assembled a Brazil-based operating team and several key management members and operations staff previously operated the Andorinhas plant. Over 75% of the Andorinhas plant and mining equipment has been disassembled and shipped to the Coringa site and reassembly of the plant will begin once detailed engineering is complete and the required permits are obtained.
Permitting efforts are ongoing to obtain the mining concession license and related operating licenses for the Coringa project. These will allow for the planned full scale production rate of 750 tonnes of mineralized material per day. Full scale production permitting will be a primary focus of the company in 2017.
For more information visit the Anfield website at www.anfieldgold.com and see the press release dated November 3, 2016.
Sandstorm holds a 2.5% net smelter returns ("NSR") royalty on the Coringa project.
MARIANA REPORTS FURTHER HIGH GRADE INTERCEPTS FROM INFILL AND EXTENSION DRILLING AT HOT MADEN, BEGINS DRILLING AT ERGAMA
Mariana Resources Limited ("Mariana") continues to report high grade gold-copper intercepts from ongoing diamond drilling at the Hot Maden project in north east Turkey ("Hot Maden"), confirming the internal continuity of gold-copper mineralisation within the Main Zone resource area.
The recent infill drilling forms part of a program designed to reduce drill hole spacings to 25 metres by 25 metres and to provide both detailed geotechnical data and metallurgical samples for mine development studies. Highlights from the drill results include:
HTD-71: 69.6 metres @ 62.7 grams per tonne ("g/t") gold and 2.68% copper from 210 metres downhole including:
7 metres @ 526 g/t gold and 3.28% copper (210m – 217 m)
14 metres @ 27.7 g/t gold and 3.38% copper (217m – 231 m)
48.6 metres @ 1.7 g/t gold and 2.39% copper (231m – 279.6 m)
HTD-70: 63 metres @ 8.3 g/t gold and 1.65% copper from 218 metres downhole including:
5 metres @ 35.6 g/t gold and 1.46% copper from 225 metres downhole.
HTD-72: 34.5 metres @ 19.4 g/t gold and 1.31% copper from 180.5 metres downhole including:
3.0 metres @ 54.4 g/t gold and 1.30% copper from 192 metres downhole.
HTD-82: 31 metres @ 17.0 g/t gold and 1.70% copper from 266 metres downhole and 37.5 metres @ 2.1 g/t gold and 1.49% copper from 317 metres downhole.
HTD-78: 79.0 metres @ 14.3 g/t gold and 1.59% copper from 294 metres downhole including:
18.0 metres @ 55.1 g/t gold and 1.58% copper from 296 metres downhole.
HTD-77: 90 metres @ 22.6 g/t gold and 4.39% copper from 96 metres downhole including:
11 metres @ 30.9 g/t gold and 6.30% copper from 99 metres downhole.
HTD-75: 62 metres @ 11.7 g/t gold and 1.43% copper from 276 metres downhole including:
2.0 metres @ 250 g/t gold and 6.50% copper from 282 metres downhole; and
44.0 metres @ 1.05 g/t gold and 1.46% copper from 334 metres downhole.
The potential for the discovery of a deep (>250 metres), possibly fault offset block of Main Zone-type mineralisation beneath the "Ridge" area (southern limit of the Main Zone resource) has increased with the successful intersection of high grade gold and copper mineralisation at depth in three holes. Assay results include:
HTD-69: 7 metres @ 19.7 g/t gold and 2.1% copper from 351 metres downhole.
HTD-76: 33 metres @ 1.4 g/t gold and 0.99% copper from 357 metres downhole, and 11 metres @ 6.1 g/t gold and 0.97% copper from 443 metres downhole.
HTD-80: 4.5 metres @ 16.3 g/t gold and 1.90% copper from 177.5 metres downhole and 5.0 metres @ 8.4 g/t gold and 1.30% copper from 194.0 metres downhole.
The Hot Maden Preliminary Economic Assessment is in the process of being finalized with an anticipated completion date expected early in the New Year.
In addition to its exploration work at Hot Maden, Mariana recently announced that it has commenced an initial 7-hole diamond drill program at the Ergama copper-gold project in western Turkey ("Ergama"). The drilling is expected to be completed in early January 2017 with assay results expected before the end of the first quarter of 2017. The main targets to be tested include near-surface, porphyry-style copper-gold mineralisation within the central portion of the Ergama claim block, in addition to peripheral high grade vein/fault hosted gold-silver mineralisation.
For more information and complete drill results and Mineral Resource details visit the Mariana Resources website at www.marianaresources.com and see the press release dated October 26, 2016, November 29, 2016 and December 20, 2016.
Sandstorm holds a 2.0% NSR royalty on the Hot Maden and Ergama projects.
ERDENE CONTINUES TO EXPAND HIGH-GRADE ZONES AT BAYAN KHUNDII, RELEASES DRILL RESULTS AT ALTAN NAR
Erdene Resource Development Corp. ("Erdene") has released a number of drill results from its Q3/Q4 2016 drill campaign at the Bayan Khundii gold project in southwest Mongolia ("Bayan Khundii"). Gold mineralization at Bayan Khundii has been identified over a 1.7 kilometre trend, with detailed exploration taking place over a 500 metre by 350 metre zone in the southwest portion of the prospect area, where Erdene's drill programs have focused. Results include several high-grade intersections within a series of parallel structures.
As of November 28, 2016, 87 diamond drill holes totaling 9,784 metres had been drilled at Bayan Khundii and the most recent results released in November (BKD-62 to BKD-87) continued to expand the boundaries of gold mineralization, with several high-grade gold intersections over wide intervals. Multiple gold-bearing structures are now being defined at Bayan Khundii, including Striker Zone, the most extensively explored zone.
Deep Striker
Drilling along the southern boundary of the Striker Zone, targeting extensions at depth, returned the highest grade gold intercept reported to date with 65 metres of 6.3 g/t gold (71m-136m) including 37 metres of 11 g/t gold (76m-113m, BKD-77).
Striker North
As part of Erdene's Striker Zone expansion program, drilling has further defined a new gold zone north of Striker with 6 metres of 9.0 g/t gold (54m-60m, BKD-63) and 19 metres of 1.6 g/t gold (25m-40m, BKD-65). The latest three holes testing the northern extension ended in gold mineralization and included 18 metres of 7.1 g/t gold (BKD-86).
Striker Main
The Striker Main drilling continues to provide impressive intersections with good continuity and high grades over broad intervals including 56 metres of 2.1 g/t gold (44m-100m, BKD-74), including 3 metres of 22.7 g/t gold (68m-71m); 71 metres of 1.1 g/t gold (29m-100,BKD-73) and 21 metres of 8.3 g/t gold (61m-82m), within 36.7 metres of 5.0 g/t gold (46m-82.7m, BKD-84).
Step-Out Drilling
On November 25, 2016, Erdene mobilized a drill rig to test a target area approximately 200 metres north of the Striker Zone, surrounding the successful step-out hole BKD-60 which intercepted 123m @ 1.23 g/t gold (20m-143m). Results from a series of drill holes in this area are anticipated to be reported early in Q1-2017.
A summary of the drill results for holes BKD-01 to BKD-60 can be found in table 1 below.
Results Summary for Holes BKD-01 to BKD-60
Altan Nar
In addition to the exploration program at Bayan Khundii, Erdene recently tested a target at the Altan Nar gold-polymetallic project, 19 kilometres to the northwest of Bayan Khundii. Hole TND-101 intersected 110 metres of 9.3 g/t gold, 32 g/t silver and 1.4% combined lead-zinc (32m-142m) including 14 metres of 55.6 g/t gold, 131 g/t silver and 5.65% combined lead-zinc (96m-110m), and 5 metres of 24.8 g/t gold, 49.8 g/t silver and 3.48% combined lead-zinc (73m-78m).
Altan Nar is considered to be a carbonate-base metals gold deposit, a style of deposit that includes the most prolific gold producers in the southwest Pacific rim and includes well-known deposits such as Porgera (Papua New Guinea) and Kelian (Indonesia).
For more information and complete drill results visit the Erdene website at www.erdene.com and see the press releases dated November 17, 2016, November 28, 2016, and December 19, 2016.
Sandstorm holds a 2% NSR royalty on Erdene's Bayan Khundii and Altan Nar projects. The Company also owns 5 million shares of Erdene, at an average cost of $0.20.
OSISKO INCREASES DRILL PROGRAM AT WINDFALL BY 250,000 METRES
Osisko Mining Inc. ("Osisko") has announced that it is increasing the scale on the ongoing drill program at the Windfall Lake gold project located in Québec, Canada. Since late October 2015, Osisko has drilled approximately 115,000 metres as part of an originally announced 50,000 metre program (expanded twice to the current 150,000 metre drilling campaign) on the Windfall Lake gold deposit and surrounding exploration targets. Exploration success in the initial 150,000 metre program has included:
an upgraded geological interpretation of the Windfall deposit which is leading to a significantly expanded and still growing footprint for the previously known area of mineralization;
the discovery of several significant new zones of mineralization including Wolf Zone and the recently announced new shallow high-grade zone known as the Lynx Zone, discovered on the 600 metre extension fence);
the recently announced 600 metre NE extension of the main corridors of mineralization (Caribou, Zone 27, Wolf and Underdog); and
two new discoveries in the surrounding area (Fox and Black Dog).
Recently reported drill results include:
Fox
27.6 g/t gold over 3.1 metres (406.0m-409.1m, DDH OSK-U-16-734);
8.04 g/t gold over 3 metres (65.5m-68.5m, DDH OSK-U-16-732); and
6.78 g/t gold over 2.0 metres (DDH OSK-U-16-731) (229.0m-229.8m).
Windfall Extension
65.0 g/t gold over 5.7 metres (226.3m-232.0m, DDH OSK-W-16-760) including;
76 g/t gold over 3.5 metres (226.3m-229.8m); and
100 g/t gold over 0.8 metres (229.0m-229.8m).
Underdog
34.4 g/t gold over 5.7 metres uncut (260m-265.7m, DDH OSK-W-16-720);
13.8 g/t gold over 6.6 metres (1135.5m-1142.1m, DDH OSK-W-16-708-W2);
7.57 g/t gold over 7.70 metres (944.8m-952.5m, DDH OSK-W-16-706-W3);
11.8 g/t gold over 4.6 metres (539.2m-543.8m, DDH OSK-W-16-309-W3);
25.1 g/t gold over 2.0 metres and 15.5 g/t gold over 2.9 metres (797m-799m, DDH OSK-W-16-704-W1); and
13.0 g/t gold over 2.0 metres (918.8m-921.0m, DDH OSK-W-16-311-W2).
The new 250,000 metres of drilling will assist Osisko in further exploring and defining the known mineralization within the main deposit area and the recently discovered NE extension area. Osisko's objective is to maximize the level of information to be included in an anticipated initial 2017 resource update.
For more information and complete drill results visit the Osisko website at www.osiskomining.com and see press releases dated October 12, 2016, October 25, 2016, November 23, 2016, December 5, 2016, December 19, 2016.
Sandstorm holds a 0.5% and a 1% NSR royalty on portions of the Windfall Lake property.
ENTRÉE GOLD DISCUSSES TURQUOISE HILL RELEASE OF OYU TOLGOI EXPANSION PEA
Entrée Gold Inc. ("Entrée") announced the filing of an updated technical report ("2016 OTTR") relating to the Oyu Tolgoi copper-gold project in Mongolia. Turquoise Hill Resources Ltd. ("Turquoise Hill") filed the report under National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
In addition to updating the Reserve Case on the open pit and Hugo North (including Hugo North Extension) Lift 1 block cave, 2016 OTTR includes Preliminary Economic Assessments of potential later phases of the Oyu Tolgoi deposits utilizing four Alternative Production Cases. Two of these deposits, Hugo North (including Hugo North Extension) Lift 2 and Heruga include Entrée/Oyu Tolgoi LLC joint venture resources. The Alternative Production Cases take advantage of productivity improvements in plant throughput that have begun to be recognized in the process plant and evaluate plant capacity expansions as high as 120 million tonnes per annum. Variations in operating and capital costs are also evaluated.
Sandstorm has a stream agreement to purchase 5.62% of the gold, 4.26% of the silver and 0.42% of the copper from the Oyu Tolgoi project deposits - the Hugo North Extension copper-gold deposit and the Heruga copper-gold-molybdenum deposit. These deposits are the northern-most and southern-most, respectively, in the 12 kilometre-long Oyu Tolgoi series of deposits. The resources at Hugo North Extension include a Probable reserve, which is included in Lift 1 of the underground mine development.
On November 3, 2016, Turquoise Hill announced that work had begun for Shaft 5 sinking and the convey-to-surface box cut excavation, while construction of critical on-site facilities continued. Oyu Tolgoi recently signed an additional underground mining and support services contract with Dayan Contract Mining for the sinking of Shafts 2 and 5. At the end of the third quarter 2016, the underground workforce was approximately 1,600 people and was expected to reach 2,400 people by the end of 2016.
For more information visit the Entrée Gold website at www.entreegold.com and see the press release dated October 24, 2016. The Turquoise Hill technical report, titled "2016 Oyu Tolgoi Technical Report", with an effective date of October 14, 2016, is available on SEDAR at www.sedar.com under Turquoise Hill's profile.
KIRKLAND LAKE GOLD REPORTS ADDITIONAL HIGH GRADE INTERCEPTS AND IDENTIFIES NEW MINERALIZATION AT MACASSA FROM UNDERGROUND DRILLING ON THE SOUTH MINE COMPLEX
Kirkland Lake Gold Inc. ("Kirkland Lake Gold") reported new high grade drill intercepts from underground exploration drilling on the South Mine Complex ("SMC") at the Macassa Mine Complex, in Kirkland Lake, Ontario.
The drilling program infilled gaps in drill hole coverage between inferred resource blocks and identified new mineralization associated with the easterly strike extension of the SMC within the HM Claim, located approximately 610 metres southeast of the #2 shaft at the Macassa Mine Complex. Underground drilling highlights include:
651.8 g/t gold (93.6 g/t cut) over 3.8 metres, including 2,846.1 g/t gold over 0.5 metres, in hole 53-2921;
40.1 g/t gold over 3.0 metres in hole 53-2967;
97.7 g/t gold (70.2 g/t cut) over 1.6 metres, including 263.3 g/t gold over 0.3 metres, in hole 53-3065;
102.5 g/t gold (26.7 g/t cut) over 3.2 metres, including 923.3 g/t gold over 0.3 metres, in hole 53-3098; and
100.5 g/t gold (68.6 g/t cut) over 1.6 metres, including 261.6 g/t gold over 0.3 metres, in hole 53-3099.
All intercepts are core lengths. High grade assays are cut to 246.9 g/t or 120.0 g/t depending on the zone.
The drill program concentrated on both infilling gaps in drill hole coverage and also expanding the SMC further to the east within the HM Claim by testing a zone which was initially identified by drill hole 53-2414.
Kirkland Lake Gold has since completed 24 additional drill holes which has expanded and better defined this zone of mineralization. Based on the additional drilling, the zone has been defined over a strike length of 130 metres and is open up dip and is currently being tested with additional step out drilling.
For more information and for complete drill results visit the Kirkland Lake Gold website at www.klgold.com and see the press release dated November 7, 2016. Sandstorm holds a 2.0% NSR royalty on the HM Claim.
PRIMERO PROVIDES EXPLORATION UPDATE ON BLACK FOX DEEP CENTRAL ZONE
Primero Mining Corp. ("Primero") announced the results of successful exploration at the Black Fox mine located near Timmins, Ontario, Canada. The discovery, delineation and recent commencement of production from the Deep Central Zone at Black Fox is an important milestone for the mine. Initial production mining of the Deep Central Zone has returned positive results with grades and tonnes reconciling well with the production block model. First long-hole production blasting occurred in early-September, and is expected to continue to ramp-up from this area.
Three underground diamond drill rigs have been active on the 520 level exploration drift, targeting mineralization located down-plunge and to the west of the Deep Central Zone. Results have reconfirmed the high-grade tenure of the Deep Central Zone with drill hole 520-EX346-06 intercepting 27.9 g/t gold over 5.8 metres (from 355.6m-361.4m) at approximately 800 metres depth and more recent drilling returning significant gold grades including 34.4 g/t gold over 1.0 metre (402m-403m, 520-EX346-09) below the Deep Central Zone at approximately 900 metres depth. Deep drilling efforts are ongoing and are expected to be released by Primero in due course.
After successfully expanding and delineating the Black Fox Deep Central Zone, Primero has shifted focus to other priority target areas located to the west and at depth. Recent exploration of the west targets has returned positive results with significant gold grades including 87.3 g/t gold over 1.4 metres (505.9m-507.3m, 520-EX290-02), 9.5 g/t gold over 1.0 metres (368.5m-369.5m, 520-EX286-07), 28.1 g/t gold over 2.7 metres (376m-378.7m, 520-EX286-05), 4.6 g/t gold over 5.4 metres (454m-459.4m, 520-EX286-01) and 9.1 g/t gold over 1.2 metres (497.2m-498.4m, 520-EX286-02). Drill hole 520-EX286-05 was drilled to test an extension of the W1 High Quartz target, which remains open at depth. Holes 520-EX286-01 and -02 have identified the W5 Far West target which requires further infill exploration and remains open at depth. In addition, two surface drill rigs have been testing for other areas of Froome-like mineralization.
For more information, visit the Primero website at www.primeromining.com and see the press release dated September 19, 2016 and November 9, 2016.
Sandstorm has a gold stream agreement to purchase 8% of the life of mine gold produced from Black Fox for a per ounce cash payment equal US$524 per ounce.
YAMANA GOLD PROVIDES EXPLORATION UPDATE AT GUALCAMAYO
Yamana Gold Inc. ("Yamana") issued an update on the exploration programs at its Gualcamayo mine in Argentina ("Gualcamayo"). Yamana has completed a total of 2,457 metres distributed in 12 holes since September, testing the near-surface oxide deposits called Potenciales and Las Vacas. Several of the holes, including 16QD-975 drilled at Potenciales, have discovered important mineral intercepts that begin near the surface and continue to depth. The results continue to suggest the potential for the expansion of the Mineral Resource base immediately adjacent to the southwest and northeast of the QDD open pit. Construction of road access to further test and expand these oxide deposits surrounding the QDD main pit is in the planning stage and will begin early in the first quarter of 2017.
Recent drill results from holes completed at Cerro Condor and Potenciales (August 24, 2016 to September 26, 2016.), including all holes completed at these targets with results above a 0.5 g/t gold result are reported below:
Several of these intersections, in particular 16QD975, are at the pit wall and are sufficient in width and grade to suggest potential positive contributions to increases in Mineral Resources and Mineral Reserves at grades that exceed the current in pit grades. These new discoveries show large, untested potential exists at the surface or near surface well beyond the known extents of the current mineral inventory.
For more information, visit the Yamana website at www.yamana.com and see the press release dated October 27, 2016.
Sandstorm holds a 1.0% NSR royalty on the Gualcamayo mine.
Sandstorm Gold Announces Record Gold Production in Q4/FY 2016
Wed January 11, 2017 8:00 AM|PR Newswire|About: SAND
VANCOUVER, Jan. 11, 2017 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) (NYSE MKT: SAND, TSX: SSL) is pleased to announce that the Company has sold over 13,200 attributable gold equivalent ounces1 during the fourth quarter of 2016 and over 49,500 gold equivalent ounces for the full 2016 year. Both the fourth quarter and annual production results are records for the Company. The attributable gold equivalent ounces were generated from 21 streams and royalties, with over 70% of the ounces coming from operations run by major and mid-tier mining companies.
Wed January 11, 2017 8:00 AM|PR Newswire|About: SAND
VANCOUVER, Jan. 11, 2017 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) (NYSE MKT: SAND, TSX: SSL) is pleased to announce that the Company has sold over 13,200 attributable gold equivalent ounces1 during the fourth quarter of 2016 and over 49,500 gold equivalent ounces for the full 2016 year. Both the fourth quarter and annual production results are records for the Company. The attributable gold equivalent ounces were generated from 21 streams and royalties, with over 70% of the ounces coming from operations run by major and mid-tier mining companies.
Sandstorm Gold: Off To A Great Start In 2017
Jan. 13, 2017
Summary
Sandstorm Gold recently gave an update on its share buyback program and exploration and development updates on several of its assets.
Sandstorm also recently announced record gold production for Q4 2016 and full-year 2016.
I break down the recent news and what investors should expect going forward.
Sandstorm Gold (NYSEMKT:SAND) didn't make my list of the top gold stocks to own for 2017, but the stock is still a core holding of mine and off to a great start this year. For those unfamiliar, Sandstorm owns a portfolio of 133 streams and royalties, of which 21 of the underlying mines are producing.
On Dec. 28, Sandstorm provided several positive updates, from its share buyback program (also called a normal course issuer bid) to exploration and development progress on its assets. Here, I'll discuss these updates.
I was a bit surprised (and happy) to learn that Sandstorm's management team used the dip in its stock price to buyback shares in Q4. Since Dec. 15 of last year, Sandstorm says it has bought back 545,977 common shares at a price of C$4.56, an investment totaling $2.48 million. This was really great timing, as Sandstorm's stock now trades at C$5.76 on the TSX, well above what Sandstorm paid in the buyback. When share buybacks are done at the right price, they can drive shareholder returns.
Then, Sandstorm gave some positive updates on its assets. There were a lot of updates given, so I'll focus mainly on what I feel are most important. First, Sandstorm's partner Mariana Resources (OTCPK:MRLDF) released diamond drilling results at the Hot Maden project in Turkey, in which Sandstorm owns a 2% royalty. The results were outstanding, with highlights including gold grades as high as 526 g/t (over 7 meters), and other drills returning porphyry-style copper-gold mineralization, including 69.6 meters of 62.7 g/t gold and 2.68% copper and 90 meters of 22.6 g/t gold and 4.39% copper. Mariana is planning a preliminary economic assessment very soon and also plans on beginning drilling at Ergama copper-gold project in Western Turkey, in which Sandstorm also owns a 2% royalty. Investors should keep a close eye out for future news from Mariana, as this royalty could become one of Sandstorm's most important assets.
The other main update from this news release was Primero Mining's (NYSE:PPP) exploration update on the Black Fox deep central zone. Sandstorm owns an 8% gold stream on Black Fox and this is one of the company's largest assets in terms of production and revenue. The recent drills returned positive results, which included 87.3 g/t gold over 1.4 meters and 28.1 g/t gold over 2.7 meters. Increasing resources and extending the life of mine at Black Fox would be bullish news for Sandstorm investors.
Primero Mining has its fair share of issues and I previously called the company one of five gold miners to avoid. Following recent heavy insider buying at the company and these positive drill results, I have a slightly more positive view of the stock, but I still think investors are better off buying Sandstorm instead. Primero looks to be in stable condition right now, but I think investors need to keep a close eye on the company going forward.
On Jan. 11, Sandstorm followed up this news release with even better news when it announced that it sold over 13,200 attributable gold equivalent ounces during Q4 2016, bringing its full year total to over 49,500 ounces. These are both production records for the company, with production generated from 21 streams and royalties; Sandstorm also added that 70% of the ounces came from operations run by major and mid-tier mining companies as Sandstorm continues to diversify away from higher-risk junior mining companies.
In conclusion, I think Sandstorm Gold is off to a great start this year as it announced positive news from its partners and also announced the great timing of its share buyback program. As mentioned in my last article on Sandstorm, I'd like to see the company get a bit more active on the acquisition front in 2017 in order to continue growing and diversifying its gold production - I'd like to see Sandstorm spend at least $60 million, or 10% of its current market cap, on new deals in 2017. I'm a buyer of shares here.
http://seekingalpha.com/article/4036559-sandstorm-gold-great…
Jan. 13, 2017
Summary
Sandstorm Gold recently gave an update on its share buyback program and exploration and development updates on several of its assets.
Sandstorm also recently announced record gold production for Q4 2016 and full-year 2016.
I break down the recent news and what investors should expect going forward.
Sandstorm Gold (NYSEMKT:SAND) didn't make my list of the top gold stocks to own for 2017, but the stock is still a core holding of mine and off to a great start this year. For those unfamiliar, Sandstorm owns a portfolio of 133 streams and royalties, of which 21 of the underlying mines are producing.
On Dec. 28, Sandstorm provided several positive updates, from its share buyback program (also called a normal course issuer bid) to exploration and development progress on its assets. Here, I'll discuss these updates.
I was a bit surprised (and happy) to learn that Sandstorm's management team used the dip in its stock price to buyback shares in Q4. Since Dec. 15 of last year, Sandstorm says it has bought back 545,977 common shares at a price of C$4.56, an investment totaling $2.48 million. This was really great timing, as Sandstorm's stock now trades at C$5.76 on the TSX, well above what Sandstorm paid in the buyback. When share buybacks are done at the right price, they can drive shareholder returns.
Then, Sandstorm gave some positive updates on its assets. There were a lot of updates given, so I'll focus mainly on what I feel are most important. First, Sandstorm's partner Mariana Resources (OTCPK:MRLDF) released diamond drilling results at the Hot Maden project in Turkey, in which Sandstorm owns a 2% royalty. The results were outstanding, with highlights including gold grades as high as 526 g/t (over 7 meters), and other drills returning porphyry-style copper-gold mineralization, including 69.6 meters of 62.7 g/t gold and 2.68% copper and 90 meters of 22.6 g/t gold and 4.39% copper. Mariana is planning a preliminary economic assessment very soon and also plans on beginning drilling at Ergama copper-gold project in Western Turkey, in which Sandstorm also owns a 2% royalty. Investors should keep a close eye out for future news from Mariana, as this royalty could become one of Sandstorm's most important assets.
The other main update from this news release was Primero Mining's (NYSE:PPP) exploration update on the Black Fox deep central zone. Sandstorm owns an 8% gold stream on Black Fox and this is one of the company's largest assets in terms of production and revenue. The recent drills returned positive results, which included 87.3 g/t gold over 1.4 meters and 28.1 g/t gold over 2.7 meters. Increasing resources and extending the life of mine at Black Fox would be bullish news for Sandstorm investors.
Primero Mining has its fair share of issues and I previously called the company one of five gold miners to avoid. Following recent heavy insider buying at the company and these positive drill results, I have a slightly more positive view of the stock, but I still think investors are better off buying Sandstorm instead. Primero looks to be in stable condition right now, but I think investors need to keep a close eye on the company going forward.
On Jan. 11, Sandstorm followed up this news release with even better news when it announced that it sold over 13,200 attributable gold equivalent ounces during Q4 2016, bringing its full year total to over 49,500 ounces. These are both production records for the company, with production generated from 21 streams and royalties; Sandstorm also added that 70% of the ounces came from operations run by major and mid-tier mining companies as Sandstorm continues to diversify away from higher-risk junior mining companies.
In conclusion, I think Sandstorm Gold is off to a great start this year as it announced positive news from its partners and also announced the great timing of its share buyback program. As mentioned in my last article on Sandstorm, I'd like to see the company get a bit more active on the acquisition front in 2017 in order to continue growing and diversifying its gold production - I'd like to see Sandstorm spend at least $60 million, or 10% of its current market cap, on new deals in 2017. I'm a buyer of shares here.
http://seekingalpha.com/article/4036559-sandstorm-gold-great…
Kivalliq Announces $3 Million Financing Package; Sandstorm Makes Equity Investment and Payment for Royalty Portfolio
Vancouver, British Columbia – Kivalliq Energy Corporation (TSX-V:KIV) (“Kivalliq”) today announced a CDN$3 million financing package, comprised of a non-brokered private placement financing to raise gross proceeds of CDN$2.074 Million, and a CDN$1.0 Million payment from Sandstorm Gold Ltd. (“Sandstorm”), subject to certain conditions, in return for Kivalliq granting to Sandstorm a royalty portfolio on certain Kivalliq projects, principally a 1% net smelter returns (“NSR”) royalty payable on all mineral products produced from the Angilak Property uranium project in Nunavut Territory, Canada. Net proceeds will be used to fund exploration and property costs at Kivalliq’s projects in Canada, as well as for general corporate purposes.
Kivalliq will receive CDN$2,074,000 by issuing up to an aggregate of 25,925,000 units (“Units”), at the price of CAD$0.08 per Unit (the “Offering”). Each Unit consists of one common share and one-half of one transferrable, common share purchase warrant (a “Warrant”). Each whole Warrant will be exercisable into a common share of Kivalliq (a “Warrant Share”) for a period of 60 months from the Closing Date at an exercise price of $0.15 per Warrant Share. Sandstorm Gold Ltd. has subscribed to 16,250,000 Units for a total investment of C$1.3 million in this private placement.
Sandstorm Royalty Package
As part of the total financing package, Kivalliq will receive a CDN$1.0 Million payment from Sandstorm, subject to certain conditions, in return for Kivalliq granting to Sandstorm a royalty portfolio on certain Kivalliq projects, principally a 1% NSR royalty payable on all mineral products produced from the Angilak Property in Nunavut Territory, Canada.
With respect to Kivalliq’s Hatchet Lake Property, Kivalliq has transferred and assigned to Sandstorm Kivalliq’s buy back right (See Kivalliq news release of February 10, 2015). Upon Sandstorm’s exercise of this royalty buy back right, Kivalliq has agreed to grant to Sandstorm a 0.5% NSR royalty payable on all mineral products produced from the Hatchet Lake Property uranium project in Saskatchewan, Canada.
“This financing package puts Kivalliq in a strong position to start 2017, just as interest in our sector seems to be heating up,” stated Kivalliq CEO, Jim Paterson. “We welcome the Sandstorm team as new cornerstone investors and financial partners; adding to a shareholder registry that has continued to support us over the lifetime of the Company. We take great pride in knowing that a group with Sandstorm’s technical expertise, financial acumen, and excellent reputation in our industry has chosen to support Kivalliq Energy based upon the merits of our team and project portfolio.”
The securities issued by Kivalliq in connection with the Offering are subject to a four month “hold period” expiring on May 17, 2017 as prescribed by the Exchange and applicable securities laws. Finders’ fees of $124,440 cash and 1,555,550 warrants will be paid in connection with the Financing.
The Offering is being made pursuant to prospectus exemptions in all provinces of Canada and in other jurisdictions as may be determined by Kivalliq. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Vancouver, British Columbia – Kivalliq Energy Corporation (TSX-V:KIV) (“Kivalliq”) today announced a CDN$3 million financing package, comprised of a non-brokered private placement financing to raise gross proceeds of CDN$2.074 Million, and a CDN$1.0 Million payment from Sandstorm Gold Ltd. (“Sandstorm”), subject to certain conditions, in return for Kivalliq granting to Sandstorm a royalty portfolio on certain Kivalliq projects, principally a 1% net smelter returns (“NSR”) royalty payable on all mineral products produced from the Angilak Property uranium project in Nunavut Territory, Canada. Net proceeds will be used to fund exploration and property costs at Kivalliq’s projects in Canada, as well as for general corporate purposes.
Kivalliq will receive CDN$2,074,000 by issuing up to an aggregate of 25,925,000 units (“Units”), at the price of CAD$0.08 per Unit (the “Offering”). Each Unit consists of one common share and one-half of one transferrable, common share purchase warrant (a “Warrant”). Each whole Warrant will be exercisable into a common share of Kivalliq (a “Warrant Share”) for a period of 60 months from the Closing Date at an exercise price of $0.15 per Warrant Share. Sandstorm Gold Ltd. has subscribed to 16,250,000 Units for a total investment of C$1.3 million in this private placement.
Sandstorm Royalty Package
As part of the total financing package, Kivalliq will receive a CDN$1.0 Million payment from Sandstorm, subject to certain conditions, in return for Kivalliq granting to Sandstorm a royalty portfolio on certain Kivalliq projects, principally a 1% NSR royalty payable on all mineral products produced from the Angilak Property in Nunavut Territory, Canada.
With respect to Kivalliq’s Hatchet Lake Property, Kivalliq has transferred and assigned to Sandstorm Kivalliq’s buy back right (See Kivalliq news release of February 10, 2015). Upon Sandstorm’s exercise of this royalty buy back right, Kivalliq has agreed to grant to Sandstorm a 0.5% NSR royalty payable on all mineral products produced from the Hatchet Lake Property uranium project in Saskatchewan, Canada.
“This financing package puts Kivalliq in a strong position to start 2017, just as interest in our sector seems to be heating up,” stated Kivalliq CEO, Jim Paterson. “We welcome the Sandstorm team as new cornerstone investors and financial partners; adding to a shareholder registry that has continued to support us over the lifetime of the Company. We take great pride in knowing that a group with Sandstorm’s technical expertise, financial acumen, and excellent reputation in our industry has chosen to support Kivalliq Energy based upon the merits of our team and project portfolio.”
The securities issued by Kivalliq in connection with the Offering are subject to a four month “hold period” expiring on May 17, 2017 as prescribed by the Exchange and applicable securities laws. Finders’ fees of $124,440 cash and 1,555,550 warrants will be paid in connection with the Financing.
The Offering is being made pursuant to prospectus exemptions in all provinces of Canada and in other jurisdictions as may be determined by Kivalliq. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Mariana Resources Ltd : Hot Maden High Grade Gold-Copper Project- PEA Results with a Positive IRR of 153%
January 17, 2017
https://marianaresources2016feeds.q4web.com/news/press-relea…
January 17, 2017
https://marianaresources2016feeds.q4web.com/news/press-relea…
Antwort auf Beitrag Nr.: 54.102.695 von trobs am 17.01.17 16:38:46Sandstorm holds a 2.0% net smelter returns (“NSR”) royalty on the Hot Maden project.
http://www.sandstormgold.com/news/2016/index.php?&content_id…
http://www.sandstormgold.com/news/2016/index.php?&content_id…
10 neue royalties in Peru für 1 Mio eingefahren
Condor Resources Arranges Financing and Royalty Sale with Sandstorm Gold
Royalty & Streams
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 30, 2017) - Condor Resources Inc. - ("Condor" or the "Company") (TSX VENTURE:CN) is pleased to announce that it has arranged a $500,000 private placement financing with Sandstorm Gold Ltd. ("Sandstorm"). Condor is also pleased to announce it has reached agreement with Sandstorm to grant royalties on six projects, sell a partial interest in two of their existing royalty streams, and assign royalty buy-back rights on two of their projects to Sandstorm (the "Royalty Sale") in consideration of the payment of $500,000. Closing is subject to regulatory approval, and is anticipated to occur within five business days.
The private placement will consist of 6,666,667 units at $0.075, with each unit consisting of one common share and one warrant. Each warrant will be exercisable at $0.15 into one common share for a period of five years. No commissions or finder's fees are payable on the private placement. On closing Sandstorm will own approximately 6.8% of Condor's issued capital.
The package of assets in the Royalty Sale includes the grant of a 0.5% NSR on Condor's Pucamayo, San Martin, Quriurqu, Humaya, Quilisane, and Huiñac Punta projects, the sale of 50% of Condor's production royalties on the Chavin and Lucero projects, and the assignment of the royalty buyback rights on the Ocros concessions, and the Pucamayo 14 concession (in both cases, a 1% NSR).
Proceeds from the private placement and the Royalty Sale will be used for exploration and general corporate purposes.
Condor President Lyle Davis noted: "We are delighted to have Sandstorm as a significant shareholder, and appreciate their vote of confidence in our portfolio of projects in Peru. We believe the financing and royalty sale allows us to advance our projects, strengthen our balance sheet, and minimize shareholder and project dilution".
Condor Resources Arranges Financing and Royalty Sale with Sandstorm Gold
Royalty & Streams
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 30, 2017) - Condor Resources Inc. - ("Condor" or the "Company") (TSX VENTURE:CN) is pleased to announce that it has arranged a $500,000 private placement financing with Sandstorm Gold Ltd. ("Sandstorm"). Condor is also pleased to announce it has reached agreement with Sandstorm to grant royalties on six projects, sell a partial interest in two of their existing royalty streams, and assign royalty buy-back rights on two of their projects to Sandstorm (the "Royalty Sale") in consideration of the payment of $500,000. Closing is subject to regulatory approval, and is anticipated to occur within five business days.
The private placement will consist of 6,666,667 units at $0.075, with each unit consisting of one common share and one warrant. Each warrant will be exercisable at $0.15 into one common share for a period of five years. No commissions or finder's fees are payable on the private placement. On closing Sandstorm will own approximately 6.8% of Condor's issued capital.
The package of assets in the Royalty Sale includes the grant of a 0.5% NSR on Condor's Pucamayo, San Martin, Quriurqu, Humaya, Quilisane, and Huiñac Punta projects, the sale of 50% of Condor's production royalties on the Chavin and Lucero projects, and the assignment of the royalty buyback rights on the Ocros concessions, and the Pucamayo 14 concession (in both cases, a 1% NSR).
Proceeds from the private placement and the Royalty Sale will be used for exploration and general corporate purposes.
Condor President Lyle Davis noted: "We are delighted to have Sandstorm as a significant shareholder, and appreciate their vote of confidence in our portfolio of projects in Peru. We believe the financing and royalty sale allows us to advance our projects, strengthen our balance sheet, and minimize shareholder and project dilution".
Reuters: Orion Mine P-E firm to sell $1B mining royalty portfolio
Feb. 1, 2017 11:10 AM ET
P-E firm Orion Mine Finance tells Reuters it is in talks to sell a portfolio of 87 mining royalty, streaming and offtake assets.
The firm did not identify specific buyers, but Reuters says talks have included Franco-Nevada (FNV -1.2%), Silver Wheaton (SLW -1.7%), Royal Gold (RGLD -1.6%), Sandstorm Gold (SAND +0.2%) and Osisko Gold Royalties (OR -0.4%); the portfolio reportedly could fetch as much as $1B.
Orion, one of the world's biggest mining-focused P-E firms, was founded in 2013 by U.S. mining investor Oskar Lewnowski, a founding partner of the Red Kite mining hedge fund.
Feb. 1, 2017 11:10 AM ET
P-E firm Orion Mine Finance tells Reuters it is in talks to sell a portfolio of 87 mining royalty, streaming and offtake assets.
The firm did not identify specific buyers, but Reuters says talks have included Franco-Nevada (FNV -1.2%), Silver Wheaton (SLW -1.7%), Royal Gold (RGLD -1.6%), Sandstorm Gold (SAND +0.2%) and Osisko Gold Royalties (OR -0.4%); the portfolio reportedly could fetch as much as $1B.
Orion, one of the world's biggest mining-focused P-E firms, was founded in 2013 by U.S. mining investor Oskar Lewnowski, a founding partner of the Red Kite mining hedge fund.
Antwort auf Beitrag Nr.: 54.215.668 von KMST am 01.02.17 17:20:01Ich befürchte für unsere Sandstorm wäre der Happen wohl etwas zu groß...
Antwort auf Beitrag Nr.: 54.215.872 von trobs am 01.02.17 17:36:57komplett ja aber vielleicht geht ja was wie beim teck-deal.
cornerstone assets für die big boys und die kleineren plays für osisko und sandstorm...abwarten.
orion hat auf jeden fall einen richtigen batzen an minen
cornerstone assets für die big boys und die kleineren plays für osisko und sandstorm...abwarten.
orion hat auf jeden fall einen richtigen batzen an minen
weitere sehr gute news...Trek Mining, die firma nach dem merger sieht sehr vielversprechend aus
Sandstorm Gold Announces Merger of Luna Gold & JDL Gold
VANCOUVER, Feb. 1, 2017 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) is pleased to announce that Luna Gold Corp. ("Luna Gold") and JDL Gold Corp. ("JDL") have entered into an arrangement agreement (the "Agreement") to combine their businesses, creating a multi-asset mining company (the "Transaction"). Under the terms of the Agreement, JDL will acquire all of the outstanding shares of Luna Gold pursuant to a plan of arrangement. The combined company intends to change its name to Trek Mining Inc. ("Trek" or "Trek Mining") with Christian Milau from Luna Gold as CEO and Executive Director and Greg Smith from JDL as President and Executive Director.
Trek Mining will be well-funded with approximately US$50 million in cash and no cash debt, and will be strongly positioned to advance Luna Gold's Aurizona gold project ("Aurizona" or the "Aurizona Project") to production. Sandstorm holds a 3% to 5% sliding scale net smelter returns ("NSR") royalty on Aurizona and at gold prices less than or equal to $1,500 per ounce, the royalty is a 3% NSR. The Transaction is also expected to accelerate exploration at Aurizona with a focus on the drill-ready targets directly along strike of the existing reserves and resources at the Piaba open pit. In addition to the sliding scale royalty on Aurizona, Sandstorm holds a 2% NSR royalty on greenfields properties owned by Luna Gold. The greenfields exploration ground is adjacent to the Aurizona Project and is under option to AngloGold Ashanti Holdings plc ("AngloGold").
Concurrent with the closing of the Transaction, the term debt facility that is due from Luna to Sandstorm in the amount of US$20 million plus accrued interest, will be settled in equity or a combination of cash and equity of Trek Mining. Sandstorm will continue to hold the US$30 million convertible debt facility that is due from Luna.
Sandstorm's President & CEO Nolan Watson remarked, "As a material stakeholder in Luna, we are pleased with the proposed merger between Luna Gold and JDL and we fully support the proposal." Watson continued, "Trek will be a well-capitalized company with a strong management team and we expect to see the Aurizona Project take meaningful steps toward production."
About the Aurizona Project
The Aurizona Project is located in northeastern Brazil and produced gold from 2010 until late 2015 when it was placed on care and maintenance. The Aurizona Project produced a total of 329,042 ounces of gold at an average grade of 1.28 grams per tonne ("g/t") and average recoveries of 88%. Remaining Proven & Probable Reserves are estimated at 18.6 million tonnes at 1.62 g/t for 969,000 ounces of gold, with Measured & Indicated Resources (inclusive of reserves) of 29.9 million tonnes at 1.67 g/t for 1,599,400 ounces of gold.1
A Pre-feasibility Study for the Aurizona Project, completed in September 2016, is based on a new mine plan and mineral reserve estimate and outlines the design of an open-pit gold mine with the following attributes:2
Production profile: 150,000 ounces of gold per year for the first five years, with an initial 6.5-year mine life;
Robust returns: After-tax internal rate of return of 34% at $1,250/oz ($1,350/oz: 40%);
Value: After-tax net present value (5% discount rate) of $201 million at $1,250/oz ($1,350/oz: $256 million);
Low capex: Leveraging significant existing infrastructure at site results in capital benefits, with initial capital costs estimated at $146 million, including a new mining fleet, and life-of-mine sustaining capital estimated at $47 million; and
Low all-in sustaining costs: Estimated at $708/oz of gold produced.
Completion of a feasibility study for Aurizona is expected around the end of Q1-2017 followed by an 18-month construction period, with the first gold pour targeted for year-end 2018.2
The Aurizona Project constitutes a large land package totaling approximately 241,400 hectares that includes the Aurizona mining license, brownfields exploration properties proximal to the Aurizona mine site, and earlier-stage greenfields exploration properties that are under option to AngloGold.
Near-mine, drill-ready exploration targets include Piaba West, which has the potential to extend the existing Piaba deposit 400 metres to the southwest, and Tatajuba. The Tatajuba target is situated on the same Piaba structure and represents a potential four-km extension along strike from Piaba West. An application is underway to convert Tatajuba to a mining permit with the objective of expediting exploration of this target.
The greenfields land position covers approximately 191,426 hectares and is subject to a Joint Venture Agreement with AngloGold, whereby AngloGold can earn a 70% interest in the greenfields land position by spending $14 million on exploration over a four-year period. AngloGold commenced exploration in August 2016 and is currently undertaking extensive airborne surveys over the entire land package, including the brownfields properties and the Aurizona mine site.
Sandstorm Gold Announces Merger of Luna Gold & JDL Gold
VANCOUVER, Feb. 1, 2017 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) is pleased to announce that Luna Gold Corp. ("Luna Gold") and JDL Gold Corp. ("JDL") have entered into an arrangement agreement (the "Agreement") to combine their businesses, creating a multi-asset mining company (the "Transaction"). Under the terms of the Agreement, JDL will acquire all of the outstanding shares of Luna Gold pursuant to a plan of arrangement. The combined company intends to change its name to Trek Mining Inc. ("Trek" or "Trek Mining") with Christian Milau from Luna Gold as CEO and Executive Director and Greg Smith from JDL as President and Executive Director.
Trek Mining will be well-funded with approximately US$50 million in cash and no cash debt, and will be strongly positioned to advance Luna Gold's Aurizona gold project ("Aurizona" or the "Aurizona Project") to production. Sandstorm holds a 3% to 5% sliding scale net smelter returns ("NSR") royalty on Aurizona and at gold prices less than or equal to $1,500 per ounce, the royalty is a 3% NSR. The Transaction is also expected to accelerate exploration at Aurizona with a focus on the drill-ready targets directly along strike of the existing reserves and resources at the Piaba open pit. In addition to the sliding scale royalty on Aurizona, Sandstorm holds a 2% NSR royalty on greenfields properties owned by Luna Gold. The greenfields exploration ground is adjacent to the Aurizona Project and is under option to AngloGold Ashanti Holdings plc ("AngloGold").
Concurrent with the closing of the Transaction, the term debt facility that is due from Luna to Sandstorm in the amount of US$20 million plus accrued interest, will be settled in equity or a combination of cash and equity of Trek Mining. Sandstorm will continue to hold the US$30 million convertible debt facility that is due from Luna.
Sandstorm's President & CEO Nolan Watson remarked, "As a material stakeholder in Luna, we are pleased with the proposed merger between Luna Gold and JDL and we fully support the proposal." Watson continued, "Trek will be a well-capitalized company with a strong management team and we expect to see the Aurizona Project take meaningful steps toward production."
About the Aurizona Project
The Aurizona Project is located in northeastern Brazil and produced gold from 2010 until late 2015 when it was placed on care and maintenance. The Aurizona Project produced a total of 329,042 ounces of gold at an average grade of 1.28 grams per tonne ("g/t") and average recoveries of 88%. Remaining Proven & Probable Reserves are estimated at 18.6 million tonnes at 1.62 g/t for 969,000 ounces of gold, with Measured & Indicated Resources (inclusive of reserves) of 29.9 million tonnes at 1.67 g/t for 1,599,400 ounces of gold.1
A Pre-feasibility Study for the Aurizona Project, completed in September 2016, is based on a new mine plan and mineral reserve estimate and outlines the design of an open-pit gold mine with the following attributes:2
Production profile: 150,000 ounces of gold per year for the first five years, with an initial 6.5-year mine life;
Robust returns: After-tax internal rate of return of 34% at $1,250/oz ($1,350/oz: 40%);
Value: After-tax net present value (5% discount rate) of $201 million at $1,250/oz ($1,350/oz: $256 million);
Low capex: Leveraging significant existing infrastructure at site results in capital benefits, with initial capital costs estimated at $146 million, including a new mining fleet, and life-of-mine sustaining capital estimated at $47 million; and
Low all-in sustaining costs: Estimated at $708/oz of gold produced.
Completion of a feasibility study for Aurizona is expected around the end of Q1-2017 followed by an 18-month construction period, with the first gold pour targeted for year-end 2018.2
The Aurizona Project constitutes a large land package totaling approximately 241,400 hectares that includes the Aurizona mining license, brownfields exploration properties proximal to the Aurizona mine site, and earlier-stage greenfields exploration properties that are under option to AngloGold.
Near-mine, drill-ready exploration targets include Piaba West, which has the potential to extend the existing Piaba deposit 400 metres to the southwest, and Tatajuba. The Tatajuba target is situated on the same Piaba structure and represents a potential four-km extension along strike from Piaba West. An application is underway to convert Tatajuba to a mining permit with the objective of expediting exploration of this target.
The greenfields land position covers approximately 191,426 hectares and is subject to a Joint Venture Agreement with AngloGold, whereby AngloGold can earn a 70% interest in the greenfields land position by spending $14 million on exploration over a four-year period. AngloGold commenced exploration in August 2016 and is currently undertaking extensive airborne surveys over the entire land package, including the brownfields properties and the Aurizona mine site.
Sandstorm Gold - Luna Gold Merger With JDL Gold Corporation To Create Soon Trek Mining
Summary
Sandstorm will own approximately 19% of Trek mining, which is the combination of Luna Gold and JDL Gold. Actually Sandstorm owns 17% of Luna Gold.
Production at Aurizona Mine is targeted for year-end 2018.
I recommend to accumulate SAND long-term on any weakness below $4.
http://seekingalpha.com/article/4042436-sandstorm-gold-luna-…
Summary
Sandstorm will own approximately 19% of Trek mining, which is the combination of Luna Gold and JDL Gold. Actually Sandstorm owns 17% of Luna Gold.
Production at Aurizona Mine is targeted for year-end 2018.
I recommend to accumulate SAND long-term on any weakness below $4.
http://seekingalpha.com/article/4042436-sandstorm-gold-luna-…
Sandstorm Gold: This Is Excellent News
...
For Sandstorm, this is an extremely important asset in my opinion; the company is estimating that this royalty on Aurizona will produce approximately $4.5 million in annual cash flow once in production. Based on 2017 estimated cash flow, this would increase its annual cash flow by nearly 10%.
But we also need to remember that Sandstorm owns an additional 2% royalty on the Luna Greenfields project (nearby exploration grounds), which was recently optioned to AngloGold (NYSE:AU), a $5+ billion senior gold producer. Any production from the Greenfields project would only increase Sandstorm's future cash flow.
Another thing to point out: Sandstorm also owns a $20 million term debt facility on Luna Gold, as well as a $30 million convertible debt facility. The $20 million facility will be settled in either equity, or a combo of cash and equity of the new company, Trek Mining, while Sandstorm will continue to hold the $30 million facility. This is positive news, as Trek Mining's equity will be less risky to own than Luna Gold's.
While I would have liked to seen Luna Gold get takeover over by a senior gold producer such as AngloGold, this is still great news for Sandstorm shareholders as I feel it increases the value of Sandstorm's royalties and equity/debt on Luna Gold. Sandstorm's stock has had a nice run lately with gold prices rising to over $1,230 per ounce, and I would recommend long-term investors try to buy shares below $5... .
http://seekingalpha.com/article/4044052-sandstorm-gold-excel…
Hier auch noch ein guter Kommentar unter dem Artikel:
jimbowen
Comments (28) |+ Follow |Send Message
As Luna gets closer to production, Sandstorm will see a big uplift. There are some big players involved with the JDL/Luna deal and it looks hugely positive. Lukas Lundin, Doug Casey and Ross Beaty, Greg Smith and David Lowell are all investing in TREK.
Marin Katusa was interviewed on episode 489 of Frank Curzio's Wall Street Unplugged podcast (about 30 mins in) and said the geologists believe there could be 10m Oz of gold at Luna's Aurizona mine. So should be lots of cash coming to Sandstorm.
...
For Sandstorm, this is an extremely important asset in my opinion; the company is estimating that this royalty on Aurizona will produce approximately $4.5 million in annual cash flow once in production. Based on 2017 estimated cash flow, this would increase its annual cash flow by nearly 10%.
But we also need to remember that Sandstorm owns an additional 2% royalty on the Luna Greenfields project (nearby exploration grounds), which was recently optioned to AngloGold (NYSE:AU), a $5+ billion senior gold producer. Any production from the Greenfields project would only increase Sandstorm's future cash flow.
Another thing to point out: Sandstorm also owns a $20 million term debt facility on Luna Gold, as well as a $30 million convertible debt facility. The $20 million facility will be settled in either equity, or a combo of cash and equity of the new company, Trek Mining, while Sandstorm will continue to hold the $30 million facility. This is positive news, as Trek Mining's equity will be less risky to own than Luna Gold's.
While I would have liked to seen Luna Gold get takeover over by a senior gold producer such as AngloGold, this is still great news for Sandstorm shareholders as I feel it increases the value of Sandstorm's royalties and equity/debt on Luna Gold. Sandstorm's stock has had a nice run lately with gold prices rising to over $1,230 per ounce, and I would recommend long-term investors try to buy shares below $5... .
http://seekingalpha.com/article/4044052-sandstorm-gold-excel…
Hier auch noch ein guter Kommentar unter dem Artikel:
jimbowen
Comments (28) |+ Follow |Send Message
As Luna gets closer to production, Sandstorm will see a big uplift. There are some big players involved with the JDL/Luna deal and it looks hugely positive. Lukas Lundin, Doug Casey and Ross Beaty, Greg Smith and David Lowell are all investing in TREK.
Marin Katusa was interviewed on episode 489 of Frank Curzio's Wall Street Unplugged podcast (about 30 mins in) and said the geologists believe there could be 10m Oz of gold at Luna's Aurizona mine. So should be lots of cash coming to Sandstorm.
VANCOUVER, Feb. 17, 2017 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm") (NYSE MKT: SAND, TSX: SSL) will release its 2016 fourth quarter and annual results on Tuesday, February 21, 2017.
A conference call will be held on Wednesday, February 22, 2017 starting at 8:30am PST to further discuss the fourth quarter and annual results. To participate in the conference call, use the following dial-in numbers and conference ID, or join the webcast using the link below:
Local/International: (+1) 416 764 8688
North American Toll-Free: (+1) 888 390 0546
Conference ID: 51266881
Webcast URL: http://ow.ly/Z5RU3094L8D
ABOUT SANDSTORM GOLD
Sandstorm Gold Ltd. is a gold streaming and royalty company. Sandstorm provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine. Sandstorm has acquired a portfolio of 142 streams and royalties, of which 21 of the underlying mines are producing. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold streams and royalties.
For more information visit: www.sandstormgold.com
SOURCE Sandstorm Gold Ltd.
A conference call will be held on Wednesday, February 22, 2017 starting at 8:30am PST to further discuss the fourth quarter and annual results. To participate in the conference call, use the following dial-in numbers and conference ID, or join the webcast using the link below:
Local/International: (+1) 416 764 8688
North American Toll-Free: (+1) 888 390 0546
Conference ID: 51266881
Webcast URL: http://ow.ly/Z5RU3094L8D
ABOUT SANDSTORM GOLD
Sandstorm Gold Ltd. is a gold streaming and royalty company. Sandstorm provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine. Sandstorm has acquired a portfolio of 142 streams and royalties, of which 21 of the underlying mines are producing. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold streams and royalties.
For more information visit: www.sandstormgold.com
SOURCE Sandstorm Gold Ltd.
Weiß jemand warum Sandstorm Gold im 4. Quartal einen Verlust gemacht hat?
Sandstorm Gold: Risks Remain, But The Upside Is Huge
...Before I get into some potential risks, I feel Sandstorm reported a strong Q4 2016 and full-year 2016 financial results and the company deserves some praise for it. Here are some of the highlights:
In Q4, Sandstorm had record attributable gold equivalent ounces sold of 13,245, up from 8,951 ounces a year ago. For the full-year, Sandstorm reported 49,731 ounces sold, a rise from 45,146 ounces in 2015.
In Q4, Sandstorm had revenue of $16.5 million and in 2016, revenue was $62.4 million, compared to $9.9 million and $52.7 million in 2015.
Operating cash flow was strong. For Q4, it came in at $10.1 million, up from $5 million the previous year; for 2016, it was $39 million, up from $30.8 million (Margins were $993 per ounce in Q4 and $996 for the year, compared to $300 per ounce and $867 per ounce in 2015).
Those are the main highlights of the earnings report. Finally, Sandstorm ended the year with $20 million in cash, no debt outstanding and $110 million available under its revolving credit facility, according to its annual report. Therefore, the company has $130 million in capital to invest in new streams/royalties. The company previously had some debt following its deal with Yamana Gold (NYSE:AUY), but wisely paid down this debt in 2016. The balance sheet is pretty strong here in my view.
Now for the negatives. Guidance for 2017 is pretty weak in my opinion. The company says attributable gold equivalent production for 2017 is forecast to be between 45,000 and 55,000 ounces, which is quite a wide guidance range to give. It means production will likely be flat from 2016, but it could come in higher depending on production results from some of Sandstorm's bigger assets.
As I've said before, I think for Sandstorm to outperform its peers in 2017, I think the company needs to complete new deals that will diversify its business. As mentioned in that previous article, I was a little disappointed by Sandstorm's lack of deals in 2016. Outside of the Teck royalty portfolio transaction (which really was a great deal, as the company acquired the Hot Maden royalty and other assets), the company just acquired a few smaller royalties.
There are some other risks I'd like to mention here, and this ties into the above comments. Sandstorm is likely going to face increased competition from its peers in 2017, such as newcomer Osisko Gold Royalties (OTC:OR), which has more than $500 million available to complete new deals, Aurico Metals (OTCPK:ARCTF), and the larger streamers, like Royal Gold (NASDAQ:RGLD), Franco Nevada (NYSE:FNV) and Silver Wheaton (NYSE:SLW). The royalty/streamer sector is a bit crowded in my opinion, and I think finding good deals is becoming harder for the company.
Sandstorm has been trying to diversify its asset-base away from streams/royalties operated by smaller junior mining companies, but I think Sandstorm still has too much counterparty exposure to these companies. In 2016, 21.6% of Sandstorm's operating cash flow came from assets that I view as having high counterparty risk - its Bachelor Lake and Black Fox gold streams. Metanor is a tiny gold miner with limited resources ($33.27 million market cap), while Primero Mining has been having a ton of issues lately and has some bankruptcy risk, as I recently discussed in detail.
Sandstorm's key assets are performing quite well, however, and Sandstorm owns some pretty attractive development assets. The Hot Maden royalty is estimated to produce $5-$8 million in cash flow once in production (according to Sandstorm's corporate presentation). Exploration results at Hot Maden have been fantastic (check out recent high-grade drill results) and likely point towards a larger resource base at the mine. It's important to point out that the deal for Hot Maden cost Sandstorm just $22 million, but also netted the company 55 other royalties, including 3 other producing royalties. Overall, this deal with Teck could net Sandstorm at least $10 million in annual cash flow, a superb return on the company's initial investment.
Meanwhile, Sandstorm's Cerro Moro, Hackett River and Huge North Extension assets could add another $28 million in annual cash flow once in production, according to its presentation. There's also the Aurizona royalty, an asset that was strengthened by a recent merger, which would add $4.5 million in annual cash flow once in production, as well as the 1% royalty on the Paul Isnard gold mine, adding another $3 million in annual cash flow.
Finally, while 2017 guidance is weak, the company is still guiding for production of 65,000 gold equivalent ounces by 2019, which would represent 30% growth from 2016.
To sum up my thoughts: Overall, this was a strong year for Sandstorm. While I think counterparty risk is still an issue for the company, and while Sandstorm faces increased competition from peers, I think the company has really strong development assets and will complete at least a few good deals in 2017. This is definitely a stock worth owning for investors with a long-term horizon, as I see plenty of growth ahead.
http://seekingalpha.com/article/4048116-sandstorm-gold-risks…
...Before I get into some potential risks, I feel Sandstorm reported a strong Q4 2016 and full-year 2016 financial results and the company deserves some praise for it. Here are some of the highlights:
In Q4, Sandstorm had record attributable gold equivalent ounces sold of 13,245, up from 8,951 ounces a year ago. For the full-year, Sandstorm reported 49,731 ounces sold, a rise from 45,146 ounces in 2015.
In Q4, Sandstorm had revenue of $16.5 million and in 2016, revenue was $62.4 million, compared to $9.9 million and $52.7 million in 2015.
Operating cash flow was strong. For Q4, it came in at $10.1 million, up from $5 million the previous year; for 2016, it was $39 million, up from $30.8 million (Margins were $993 per ounce in Q4 and $996 for the year, compared to $300 per ounce and $867 per ounce in 2015).
Those are the main highlights of the earnings report. Finally, Sandstorm ended the year with $20 million in cash, no debt outstanding and $110 million available under its revolving credit facility, according to its annual report. Therefore, the company has $130 million in capital to invest in new streams/royalties. The company previously had some debt following its deal with Yamana Gold (NYSE:AUY), but wisely paid down this debt in 2016. The balance sheet is pretty strong here in my view.
Now for the negatives. Guidance for 2017 is pretty weak in my opinion. The company says attributable gold equivalent production for 2017 is forecast to be between 45,000 and 55,000 ounces, which is quite a wide guidance range to give. It means production will likely be flat from 2016, but it could come in higher depending on production results from some of Sandstorm's bigger assets.
As I've said before, I think for Sandstorm to outperform its peers in 2017, I think the company needs to complete new deals that will diversify its business. As mentioned in that previous article, I was a little disappointed by Sandstorm's lack of deals in 2016. Outside of the Teck royalty portfolio transaction (which really was a great deal, as the company acquired the Hot Maden royalty and other assets), the company just acquired a few smaller royalties.
There are some other risks I'd like to mention here, and this ties into the above comments. Sandstorm is likely going to face increased competition from its peers in 2017, such as newcomer Osisko Gold Royalties (OTC:OR), which has more than $500 million available to complete new deals, Aurico Metals (OTCPK:ARCTF), and the larger streamers, like Royal Gold (NASDAQ:RGLD), Franco Nevada (NYSE:FNV) and Silver Wheaton (NYSE:SLW). The royalty/streamer sector is a bit crowded in my opinion, and I think finding good deals is becoming harder for the company.
Sandstorm has been trying to diversify its asset-base away from streams/royalties operated by smaller junior mining companies, but I think Sandstorm still has too much counterparty exposure to these companies. In 2016, 21.6% of Sandstorm's operating cash flow came from assets that I view as having high counterparty risk - its Bachelor Lake and Black Fox gold streams. Metanor is a tiny gold miner with limited resources ($33.27 million market cap), while Primero Mining has been having a ton of issues lately and has some bankruptcy risk, as I recently discussed in detail.
Sandstorm's key assets are performing quite well, however, and Sandstorm owns some pretty attractive development assets. The Hot Maden royalty is estimated to produce $5-$8 million in cash flow once in production (according to Sandstorm's corporate presentation). Exploration results at Hot Maden have been fantastic (check out recent high-grade drill results) and likely point towards a larger resource base at the mine. It's important to point out that the deal for Hot Maden cost Sandstorm just $22 million, but also netted the company 55 other royalties, including 3 other producing royalties. Overall, this deal with Teck could net Sandstorm at least $10 million in annual cash flow, a superb return on the company's initial investment.
Meanwhile, Sandstorm's Cerro Moro, Hackett River and Huge North Extension assets could add another $28 million in annual cash flow once in production, according to its presentation. There's also the Aurizona royalty, an asset that was strengthened by a recent merger, which would add $4.5 million in annual cash flow once in production, as well as the 1% royalty on the Paul Isnard gold mine, adding another $3 million in annual cash flow.
Finally, while 2017 guidance is weak, the company is still guiding for production of 65,000 gold equivalent ounces by 2019, which would represent 30% growth from 2016.
To sum up my thoughts: Overall, this was a strong year for Sandstorm. While I think counterparty risk is still an issue for the company, and while Sandstorm faces increased competition from peers, I think the company has really strong development assets and will complete at least a few good deals in 2017. This is definitely a stock worth owning for investors with a long-term horizon, as I see plenty of growth ahead.
http://seekingalpha.com/article/4048116-sandstorm-gold-risks…
Aus dem CC
...
So, starting with the quickest and easiest question relating to Primero, candidly, as we have already made a good profit from the stream and since our internal models prior to the recent reserve decrease show that the Black Box mine only represented 3% of our corporate NAV, we're not at all concerned about the situation because of its general lack of materiality to us. This morning they announced a reserve decrease of approximately 50,000 ounces after adjusting for depletion, which when multiplied by Sandstorm 8% is about 4,000 ounces and therefore should only impact our view of NAV by less than 1% and our shares swing more than that on an hourly basis. So this is a non-event for us.
In addition, it's worth noting that the proven zone, which appears to be economic, has not yet been put into the reserves and I expect that it will be in the future. And not to mention the fact that the asset has significant exploration potential, which is simply not being realized because of the capital constraint to Primero. It's also worth noting that adjusted for depletion the M&I actually went up in the suggested resource statement... .
It’s again worth noting that at the beginning of 2016, there were almost no drill programs that were planned because it wasn't until after Brexit that the gold price went up and our partner started raising money, so most of those ounces were found in the last half of 2016. When we move forward to 2017 and when we sit here at the beginning of the year, we can already identify 33 specifically planned and funded drill programs on our asset bases. And we know that more drill programs will be created and funded throughout the year than what is on this list. Therefore, we expect this effect to continue into 2017.
And it's important to remember that unlike a mining company, we don't have to pay for any of these costs, it's free upside... .
Trek Mining: Most analysts and investors had written a majority of these investments off for Sandstorm and we are encouraged that not only will we have a material royalty for which we could cash flow approximately $6 million per year on an asset that appears to be imminently going back into production, but because of the restructuring we undertook a year ago, we will now have equity and debt investments that will be worth over US$60 million.
Aussichten:
Royalty from Aurizona.......currently guiding end of 2018....
One of the more material royalties that will be coming online will be Hot Maden, which we anticipate coming on 4 years, 5 years from now. But based on the PEA that was just recently released, the cash flow is expected to be $8 million a year at today’s commodity prices. So that will be a very material one for us when that comes on.
And obviously the most material one coming online over the next couple years is Cerro Moro, which Yamana is currently in the middle of constructing. It's supposed to begin operations in 2018...
...and couple of others worth noting would be Coringa, which is currently being developed by Anfield Gold and we expect that to be online over the next couple years.
And then – I know I'm past three now, but there is one that’s still going take another 8 years or 9 years, but it is very material for us on a cash flow basis. So it’s anywhere in our cash flow projections just because of the time line, but it’s the Hugo North Extension and Heruga streams from Oyu Tolgoi, which should cash flow to us anywhere from $7 million to $20 million a year depending on the scenario, so a lot of things coming online. The benefit is we’ve already paid for all of it. There is no capital expenditures we have to make and just sort of sitting and waiting for the cash flow to increase.
http://seekingalpha.com/article/4048537-sandstorm-golds-sand…
...
So, starting with the quickest and easiest question relating to Primero, candidly, as we have already made a good profit from the stream and since our internal models prior to the recent reserve decrease show that the Black Box mine only represented 3% of our corporate NAV, we're not at all concerned about the situation because of its general lack of materiality to us. This morning they announced a reserve decrease of approximately 50,000 ounces after adjusting for depletion, which when multiplied by Sandstorm 8% is about 4,000 ounces and therefore should only impact our view of NAV by less than 1% and our shares swing more than that on an hourly basis. So this is a non-event for us.
In addition, it's worth noting that the proven zone, which appears to be economic, has not yet been put into the reserves and I expect that it will be in the future. And not to mention the fact that the asset has significant exploration potential, which is simply not being realized because of the capital constraint to Primero. It's also worth noting that adjusted for depletion the M&I actually went up in the suggested resource statement... .
It’s again worth noting that at the beginning of 2016, there were almost no drill programs that were planned because it wasn't until after Brexit that the gold price went up and our partner started raising money, so most of those ounces were found in the last half of 2016. When we move forward to 2017 and when we sit here at the beginning of the year, we can already identify 33 specifically planned and funded drill programs on our asset bases. And we know that more drill programs will be created and funded throughout the year than what is on this list. Therefore, we expect this effect to continue into 2017.
And it's important to remember that unlike a mining company, we don't have to pay for any of these costs, it's free upside... .
Trek Mining: Most analysts and investors had written a majority of these investments off for Sandstorm and we are encouraged that not only will we have a material royalty for which we could cash flow approximately $6 million per year on an asset that appears to be imminently going back into production, but because of the restructuring we undertook a year ago, we will now have equity and debt investments that will be worth over US$60 million.
Aussichten:
Royalty from Aurizona.......currently guiding end of 2018....
One of the more material royalties that will be coming online will be Hot Maden, which we anticipate coming on 4 years, 5 years from now. But based on the PEA that was just recently released, the cash flow is expected to be $8 million a year at today’s commodity prices. So that will be a very material one for us when that comes on.
And obviously the most material one coming online over the next couple years is Cerro Moro, which Yamana is currently in the middle of constructing. It's supposed to begin operations in 2018...
...and couple of others worth noting would be Coringa, which is currently being developed by Anfield Gold and we expect that to be online over the next couple years.
And then – I know I'm past three now, but there is one that’s still going take another 8 years or 9 years, but it is very material for us on a cash flow basis. So it’s anywhere in our cash flow projections just because of the time line, but it’s the Hugo North Extension and Heruga streams from Oyu Tolgoi, which should cash flow to us anywhere from $7 million to $20 million a year depending on the scenario, so a lot of things coming online. The benefit is we’ve already paid for all of it. There is no capital expenditures we have to make and just sort of sitting and waiting for the cash flow to increase.
http://seekingalpha.com/article/4048537-sandstorm-golds-sand…
Sandstorm Gold - All You Need To Know About Q4 2016 Results
Feb. 23, 2017
http://seekingalpha.com/article/4049018-sandstorm-gold-need-…
Guidance for 2017:
The company is forecasting 45,000 to 55,000 attributable gold equivalent ounces during 2017 and is estimating that it will grow to over 65k per annum by 2020.
Conclusion:
A good potential long-term here. Good management and a working business model.
The chart for SAND is characteristic of a falling wedge pattern. It is generally a bullish pattern and we should expect a break out on the plus side (70%~). If the stock breaks out the upper line described in the chart above, we may re-test the resistance at 6.50.
However, the price of gold is paramount here and any weakness due to a strong dollar or the Fed raising rates will affect directly SAND.
However, in the medium-term I expect some weakness potentials at $4 or lower, at which point I recommend to buy and accumulate.
Feb. 23, 2017
http://seekingalpha.com/article/4049018-sandstorm-gold-need-…
Guidance for 2017:
The company is forecasting 45,000 to 55,000 attributable gold equivalent ounces during 2017 and is estimating that it will grow to over 65k per annum by 2020.
Conclusion:
A good potential long-term here. Good management and a working business model.
The chart for SAND is characteristic of a falling wedge pattern. It is generally a bullish pattern and we should expect a break out on the plus side (70%~). If the stock breaks out the upper line described in the chart above, we may re-test the resistance at 6.50.
However, the price of gold is paramount here and any weakness due to a strong dollar or the Fed raising rates will affect directly SAND.
However, in the medium-term I expect some weakness potentials at $4 or lower, at which point I recommend to buy and accumulate.
Antwort auf Beitrag Nr.: 54.425.599 von Popeye82 am 28.02.17 02:10:23
Nolan Watson: "...we've build up a technical team, we spend a lot of time going digging into the guts of drill databases and understanding metallurgy and all these types of things and I think one of the things that has to be addressed is that when we actually get in there and see behind the scenes a lot of the times, things are not as advertised. There are a lot of assets out there that are fundamentally wrong and broken, and CEOS are lying to their shareholders about it and I think something needs to be addressed. 43-101 attempts to do it, but it's still not working."
Daniela Cambone: "So, too much promotion?"
Nolan Watson: "Promotion is a very nice way of saying what some of these people are doing with their assets. It's lying, really.
Zitat von Popeye82: www.kitco.com/news/video/show/GSA-Investor-Day-2017/1496/201…
Nolan Watson: "...we've build up a technical team, we spend a lot of time going digging into the guts of drill databases and understanding metallurgy and all these types of things and I think one of the things that has to be addressed is that when we actually get in there and see behind the scenes a lot of the times, things are not as advertised. There are a lot of assets out there that are fundamentally wrong and broken, and CEOS are lying to their shareholders about it and I think something needs to be addressed. 43-101 attempts to do it, but it's still not working."
Daniela Cambone: "So, too much promotion?"
Nolan Watson: "Promotion is a very nice way of saying what some of these people are doing with their assets. It's lying, really.
Tower Announces Financing Package with Sandstorm Gold and Concurrent Private Placement
15 March 2017
VANCOUVER B.C. – Tower Resources Ltd. (“Tower” or the “Company”) is pleased to announce it has signed a $1 million financing package (“Transaction”) with Sandstorm Gold Ltd. (“Sandstorm”) (NYSE MKT:SAND) including a royalty investment and private placement. The Company has also agreed to a concurrent non-brokered private placement for proceeds of up to $2.7 million. All currency amounts in Canadian dollars.
Transaction and Private Placement Highlights
Provides multi-year funding for exploration of Tower’s Rabbit North, Nechako Gold, and More Creek, properties;
Total of up to $3.2 million in new equity financing of which Sandstorm will subscribe for $500,000;
Sandstorm will pay $500,000 cash consideration for a 2% net smelter returns royalty (“NSR”) on Tower’s Rabbit North Extension, Nechako Gold and More Creek properties;
Tower will have the option to buy-back 50% (total 1%) of each new NSR sold to Sandstorm for $500,000 per property;
Tower will assign Sandstorm the right to purchase 1% of the underlying NSR on Tower’s Rabbit North property.
Mark Vanry, President and CEO noted, “We are extremely happy to have Sandstorm as an investor in Tower and believe that this transaction is an endorsement of both Tower’s people and properties. “The funds provided by the sale of the royalty as well as the private placement will allow Tower to aggressively explore each of our core assets in BC and opportunistically add prospective properties to our pipeline.”
Sandstorm Transaction
As part of the financing package, Tower will receive a $500,000 payment in return for granting Sandstorm a two percent (2%) NSR on Tower’s Rabbit North Extension, Nechako Gold and. More Creek properties. Tower will have the option to buyback one percent (1%) of the NSR on each of the properties from Sandstorm for cash consideration of $500,00 per property. In addition, Tower will assign to Sandstorm the right to purchase one percent (1%) of Tower’s two percent buyback right underlying the Rabbit North property. Concurrent with the NSR investment, Sandstorm will subscribe for 3.44 million units of a private placement at $0.145 per unit for total proceeds of $500,000. Each unit is to consist of one common share and one half of one transferable share purchase warrant. Each whole warrant will be exercisable at $0.22 for a period of five years. Fort Capital Partners acted as an advisor to the company in connection with the Sandstorm financing package and will be issued units in consideration for their services.
Private Placement
Concurrent with the Sandstorm Transaction, Tower has arranged a non-brokered private placement of up to 18.62 million units of the company for gross proceeds of $2,700,000. As with the Sandstorm private placement, each unit is to consist of one common share and one half of one transferable share purchase warrant exercisable at $0.22 for a period of five years. Proceeds from the private placement will be used for exploration of the Company’s mineral property portfolio and general working capital purposes. Tower will pay finder’s fees to qualified finders in amounts permitted by the TSX Venture Exchange. Both the Sandstorm Transaction and concurrent private placement remain subject to regulatory approval.
All securities issued in connection with the private placement (including securities issued to Sandstorm, Fort Capital and any finders) will be subject to a statutory hold period of four months. This news release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933 or any state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act of 1933 and all applicable state securities laws, or an applicable exemption from registration requirements.
About Tower Resources
Tower Resources Ltd. (TWR.V) is a Vancouver-based junior mineral exploration company focused on the discovery and advancement of economic mineral properties, primarily in British Columbia. The company's key exploration assets are Rabbit North, Nechako Gold and More Creek.
15 March 2017
VANCOUVER B.C. – Tower Resources Ltd. (“Tower” or the “Company”) is pleased to announce it has signed a $1 million financing package (“Transaction”) with Sandstorm Gold Ltd. (“Sandstorm”) (NYSE MKT:SAND) including a royalty investment and private placement. The Company has also agreed to a concurrent non-brokered private placement for proceeds of up to $2.7 million. All currency amounts in Canadian dollars.
Transaction and Private Placement Highlights
Provides multi-year funding for exploration of Tower’s Rabbit North, Nechako Gold, and More Creek, properties;
Total of up to $3.2 million in new equity financing of which Sandstorm will subscribe for $500,000;
Sandstorm will pay $500,000 cash consideration for a 2% net smelter returns royalty (“NSR”) on Tower’s Rabbit North Extension, Nechako Gold and More Creek properties;
Tower will have the option to buy-back 50% (total 1%) of each new NSR sold to Sandstorm for $500,000 per property;
Tower will assign Sandstorm the right to purchase 1% of the underlying NSR on Tower’s Rabbit North property.
Mark Vanry, President and CEO noted, “We are extremely happy to have Sandstorm as an investor in Tower and believe that this transaction is an endorsement of both Tower’s people and properties. “The funds provided by the sale of the royalty as well as the private placement will allow Tower to aggressively explore each of our core assets in BC and opportunistically add prospective properties to our pipeline.”
Sandstorm Transaction
As part of the financing package, Tower will receive a $500,000 payment in return for granting Sandstorm a two percent (2%) NSR on Tower’s Rabbit North Extension, Nechako Gold and. More Creek properties. Tower will have the option to buyback one percent (1%) of the NSR on each of the properties from Sandstorm for cash consideration of $500,00 per property. In addition, Tower will assign to Sandstorm the right to purchase one percent (1%) of Tower’s two percent buyback right underlying the Rabbit North property. Concurrent with the NSR investment, Sandstorm will subscribe for 3.44 million units of a private placement at $0.145 per unit for total proceeds of $500,000. Each unit is to consist of one common share and one half of one transferable share purchase warrant. Each whole warrant will be exercisable at $0.22 for a period of five years. Fort Capital Partners acted as an advisor to the company in connection with the Sandstorm financing package and will be issued units in consideration for their services.
Private Placement
Concurrent with the Sandstorm Transaction, Tower has arranged a non-brokered private placement of up to 18.62 million units of the company for gross proceeds of $2,700,000. As with the Sandstorm private placement, each unit is to consist of one common share and one half of one transferable share purchase warrant exercisable at $0.22 for a period of five years. Proceeds from the private placement will be used for exploration of the Company’s mineral property portfolio and general working capital purposes. Tower will pay finder’s fees to qualified finders in amounts permitted by the TSX Venture Exchange. Both the Sandstorm Transaction and concurrent private placement remain subject to regulatory approval.
All securities issued in connection with the private placement (including securities issued to Sandstorm, Fort Capital and any finders) will be subject to a statutory hold period of four months. This news release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933 or any state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act of 1933 and all applicable state securities laws, or an applicable exemption from registration requirements.
About Tower Resources
Tower Resources Ltd. (TWR.V) is a Vancouver-based junior mineral exploration company focused on the discovery and advancement of economic mineral properties, primarily in British Columbia. The company's key exploration assets are Rabbit North, Nechako Gold and More Creek.
Breaking Down Sandstorm Gold's Latest Acquisition
Summary
Sandstorm Gold recently announced it purchased a package of royalties in Q1.
The royalties are on development-stage, advance exploration-stage and exploration-stage projects located in Canada, Mexico and Peru.
While this was a small deal, it gives Sandstorm long-term upside to numerous high-potential projects.
I break down the deal and give my current thoughts on Sandstorm stock.
...
As I pointed out in my last article on Sandstorm, some risks remain for the company, but the upside is huge. I think Sandstorm has some great development assets that will pay off big in the future, and I am expecting an active year from the company on the acquisition front. I think these small royalty acquisitions are a good move, but just the beginning.
https://seekingalpha.com/article/4059457-breaking-sandstorm-…
Summary
Sandstorm Gold recently announced it purchased a package of royalties in Q1.
The royalties are on development-stage, advance exploration-stage and exploration-stage projects located in Canada, Mexico and Peru.
While this was a small deal, it gives Sandstorm long-term upside to numerous high-potential projects.
I break down the deal and give my current thoughts on Sandstorm stock.
...
As I pointed out in my last article on Sandstorm, some risks remain for the company, but the upside is huge. I think Sandstorm has some great development assets that will pay off big in the future, and I am expecting an active year from the company on the acquisition front. I think these small royalty acquisitions are a good move, but just the beginning.
https://seekingalpha.com/article/4059457-breaking-sandstorm-…
Sandstorm Gold Announces Record Gold Production in Q1 2017, Renews NCIB
Mon April 3, 2017 7:00 AM|PR Newswire|About: SAND
VANCOUVER, April 3, 2017 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) (NYSE MKT: SAND, TSX: SSL) is pleased to announce that the Company has sold approximately 15,500 attributable gold equivalent ounces1 during the first quarter of 2017, a record for the Company. The attributable gold equivalent ounces were generated from 20 streams and royalties.
In addition, the Toronto Stock Exchange ("TSX") has accepted the Company's notice that it intends to proceed with a normal course issuer bid ("NCIB") in accordance with TSX rules. Under the NCIB, Sandstorm may purchase up to 7,597,730 of its common shares, representing 5% of the Company's issued and outstanding common shares of 151,954,615 as of March 22, 2017.
Purchases under the NCIB may commence on April 5, 2017 and will terminate on the earlier of April 4, 2018...
https://seekingalpha.com/pr/16787806-sandstorm-gold-announce…
Mon April 3, 2017 7:00 AM|PR Newswire|About: SAND
VANCOUVER, April 3, 2017 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) (NYSE MKT: SAND, TSX: SSL) is pleased to announce that the Company has sold approximately 15,500 attributable gold equivalent ounces1 during the first quarter of 2017, a record for the Company. The attributable gold equivalent ounces were generated from 20 streams and royalties.
In addition, the Toronto Stock Exchange ("TSX") has accepted the Company's notice that it intends to proceed with a normal course issuer bid ("NCIB") in accordance with TSX rules. Under the NCIB, Sandstorm may purchase up to 7,597,730 of its common shares, representing 5% of the Company's issued and outstanding common shares of 151,954,615 as of March 22, 2017.
Purchases under the NCIB may commence on April 5, 2017 and will terminate on the earlier of April 4, 2018...
https://seekingalpha.com/pr/16787806-sandstorm-gold-announce…
How good was Sandstorm's (SAND) (SSL.to) Q1?
This good:
Quelle IKN
This good:
Quelle IKN
Neue Präsentation
http://www.sandstormgold.com/_resources/SSL-Presentation.pdf
Interessant der Hinweis eines Users auf SeekingAlpha:
Sandstorm Gold came out with a new corporate presentation today. I noticed that the producing properties went down from 21 to 20. After a little research, I realized that the Gordon Creek Energy 10% GOR is no longer in the producing category and is now showing up in the Adv. Exploration category as a 5% royalty. I did a little more research and found that a 2 year $4 m note was due in March 2017. Also that Gordon Creek had the right to buy back 5% of the royalty for $6 m. Doing the math, and the timing certainly fits in, it seems like it's possible that Sandstorm Gold might have $6 m - $10 m in the bank from this transaction.
Gordon Creek Energy Inc. Announcement "March 11, 2015 09:00 ET
The Company also wishes to announce that it has negotiated a termination of the commodity streaming agreement with Sandstorm Gold Inc., ("Sandstorm") (TSX: SSL) which currently provides Sandstorm with a streaming interest in 35% of all Gordon Creek production. In consideration for the termination of the interest, Sandstorm will receive a subordinated two year note for US$4.0 million and a 10% gross over-riding royalty on all Gordon Creek production. The Company will have the right, at any time, to purchase one half (5%) of the Sandstorm royalty for US$6.0 million. The closing of the Sandstorm termination agreement is subject to the completion of formal documentation. As a result of the termination of the Sandstorm streaming interest, the Company will effectively now own, subject to royalties, a 100% interest in the Gordon Creek field and the Company's Gordon Creek reserves and cash flows will be calculated accordingly."
http://mwne.ws/2nALO0V
http://www.sandstormgold.com/_resources/SSL-Presentation.pdf
Interessant der Hinweis eines Users auf SeekingAlpha:
Sandstorm Gold came out with a new corporate presentation today. I noticed that the producing properties went down from 21 to 20. After a little research, I realized that the Gordon Creek Energy 10% GOR is no longer in the producing category and is now showing up in the Adv. Exploration category as a 5% royalty. I did a little more research and found that a 2 year $4 m note was due in March 2017. Also that Gordon Creek had the right to buy back 5% of the royalty for $6 m. Doing the math, and the timing certainly fits in, it seems like it's possible that Sandstorm Gold might have $6 m - $10 m in the bank from this transaction.
Gordon Creek Energy Inc. Announcement "March 11, 2015 09:00 ET
The Company also wishes to announce that it has negotiated a termination of the commodity streaming agreement with Sandstorm Gold Inc., ("Sandstorm") (TSX: SSL) which currently provides Sandstorm with a streaming interest in 35% of all Gordon Creek production. In consideration for the termination of the interest, Sandstorm will receive a subordinated two year note for US$4.0 million and a 10% gross over-riding royalty on all Gordon Creek production. The Company will have the right, at any time, to purchase one half (5%) of the Sandstorm royalty for US$6.0 million. The closing of the Sandstorm termination agreement is subject to the completion of formal documentation. As a result of the termination of the Sandstorm streaming interest, the Company will effectively now own, subject to royalties, a 100% interest in the Gordon Creek field and the Company's Gordon Creek reserves and cash flows will be calculated accordingly."
http://mwne.ws/2nALO0V
4/4/17
What we've learned from the Metanor/Kirkland Lake deal today
1) Makuch is Eric's poodle.
2) Wexford would love to sell a chunk of Marlin to Eric.
3) Nobody's going to worry about Sandstorm's royalty there any more.
4) Retail shareholders have been hosed. Again.
Quelle IKN
UND
Right on schedule, Columbus Gold (OTCQX:CBGDF) and JV partner Nordgold delivered a much anticipated bankable feasibility study (or BFS) on the Montagne d'Or project in French Guyana.
SAND owns a 1% NSR on the project
Quelle SA
What we've learned from the Metanor/Kirkland Lake deal today
1) Makuch is Eric's poodle.
2) Wexford would love to sell a chunk of Marlin to Eric.
3) Nobody's going to worry about Sandstorm's royalty there any more.
4) Retail shareholders have been hosed. Again.
Quelle IKN
UND
Right on schedule, Columbus Gold (OTCQX:CBGDF) and JV partner Nordgold delivered a much anticipated bankable feasibility study (or BFS) on the Montagne d'Or project in French Guyana.
SAND owns a 1% NSR on the project
Quelle SA
Antwort auf Beitrag Nr.: 54.676.904 von trobs am 04.04.17 22:13:28Danke trobs, für sand ziemlich cool aber ich bin auch dick in kirkland und da bin ich weniger begeistert
Sandstorm Gold Announces Completion of Luna Gold/JDL Gold Combination, Files Early Warning Report
Wed April 5, 2017 5:22 PM|PR Newswire|About: SAND
VANCOUVER, April 5, 2017 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) (NYSE MKT: SAND, TSX: SSL) is pleased to announce that Luna Gold Corp. ("Luna Gold") and JDL Gold Corp. (LWLCF) ("JDL Gold") have combined their businesses to create Trek Mining Inc. ("Trek"). As part of the business combination, a non-brokered private placement financing was completed for gross proceeds of C$83,419,172.
Trek is well-funded with approximately C$113 million in cash and no cash debt, and is advancing the Aurizona gold project ("Aurizona" or the "Aurizona Project") to production. A feasibility study is nearing completion and the first gold pour at Aurizona is targeted for year-end 2018. Near-mine and district-scale exploration is also underway with a focus on the drill-ready targets directly along strike of the existing reserves and resources at Aurizona's past producing Piaba open pit. The greenfields exploration ground adjacent to the Aurizona Project is under option to AngloGold Ashanti Holdings plc ("AngloGold").
Sandstorm holds a 3% to 5% sliding scale net smelter returns ("NSR") royalty on Aurizona and at gold prices less than or equal to $1,500 per ounce, the royalty is a 3% NSR. In addition to the sliding scale royalty on Aurizona, Sandstorm holds a 2% NSR royalty on the greenfields property optioned to AngloGold... .
https://seekingalpha.com/pr/16792318-sandstorm-gold-announce…
Wed April 5, 2017 5:22 PM|PR Newswire|About: SAND
VANCOUVER, April 5, 2017 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) (NYSE MKT: SAND, TSX: SSL) is pleased to announce that Luna Gold Corp. ("Luna Gold") and JDL Gold Corp. (LWLCF) ("JDL Gold") have combined their businesses to create Trek Mining Inc. ("Trek"). As part of the business combination, a non-brokered private placement financing was completed for gross proceeds of C$83,419,172.
Trek is well-funded with approximately C$113 million in cash and no cash debt, and is advancing the Aurizona gold project ("Aurizona" or the "Aurizona Project") to production. A feasibility study is nearing completion and the first gold pour at Aurizona is targeted for year-end 2018. Near-mine and district-scale exploration is also underway with a focus on the drill-ready targets directly along strike of the existing reserves and resources at Aurizona's past producing Piaba open pit. The greenfields exploration ground adjacent to the Aurizona Project is under option to AngloGold Ashanti Holdings plc ("AngloGold").
Sandstorm holds a 3% to 5% sliding scale net smelter returns ("NSR") royalty on Aurizona and at gold prices less than or equal to $1,500 per ounce, the royalty is a 3% NSR. In addition to the sliding scale royalty on Aurizona, Sandstorm holds a 2% NSR royalty on the greenfields property optioned to AngloGold... .
https://seekingalpha.com/pr/16792318-sandstorm-gold-announce…
Webcast European Gold Forum April 2017
http://www.europeangoldforum.org/egf17/company-webcast/SAND:…
http://www.europeangoldforum.org/egf17/company-webcast/SAND:…
VANCOUVER, April 11, 2017 /CNW/ - Pursuant to National Instrument 62-103 -The Early Warning System and Related Take Over Bid and Insider Reporting Issues, Sandstorm Gold Ltd. ("Sandstorm" or the "Company") is announcing the disposition of 10,000,000 common shares of Pinecrest Resources Ltd. ("Pinecrest") for gross proceeds of C$2.1 million, which reduces Sandstorm's holdings of Pinecrest common shares to zero. Sandstorm still holds 10.0 million share purchase warrants of Pinecrest which if exercised would result in Sandstorm holding 13.9% of the then issued and outstanding Pinecrest shares (on a partially diluted basis).
The early warning report, as required under National Instrument 62-103, contains additional information with respect to the foregoing matters and will be filed by the Company on Trek's SEDAR profile at www.sedar.com.
The sale of Pinecrest shares represents a continuation of Sandstorm's strategy to monetize non-core assets in order to fund the acquisition of streams and royalties.
http://www.minenportal.de/artikel.php?sid=197651&lang=en#San…
The early warning report, as required under National Instrument 62-103, contains additional information with respect to the foregoing matters and will be filed by the Company on Trek's SEDAR profile at www.sedar.com.
The sale of Pinecrest shares represents a continuation of Sandstorm's strategy to monetize non-core assets in order to fund the acquisition of streams and royalties.
http://www.minenportal.de/artikel.php?sid=197651&lang=en#San…
Sandstorm liquidates position in Pinecrest Resources
12th April 2017
By: Henry Lazenby
VANCOUVER (miningweekly.com) – Gold streaming and royalty firm Sandstorm Gold has sold ten-million common shares, or 18.2%, of Africa-focused junior explorer Pinecrest Resources, raising gross proceeds of C$21-million.
The transaction reduces Sandstorm’s holdings in Pinecrest to zero.
Advertisement
However, Sandstorm retains ten-million share purchase warrants of Pinecrest, which if exercised, would result in Sandstorm holding 13.9% of the then issued and outstanding Pinecrest shares, on a partially diluted basis.
Pinecrest is a Vancouver-based explorer that is conducting mineral exploration and development of its 100% owned Enchi gold project, in Ghana.
Pinecrest has recently raised C$1.5-million, which it will put to work on achieving its goals at Enchi.
Sandstorm and Pinecrest entered into a strategic alliance in 2014 to develop Enchi, which is also part owned (19.9%) by Kinross Gold, and currently holds about one-million ounces of gold in the inferred resource category.
12th April 2017
By: Henry Lazenby
VANCOUVER (miningweekly.com) – Gold streaming and royalty firm Sandstorm Gold has sold ten-million common shares, or 18.2%, of Africa-focused junior explorer Pinecrest Resources, raising gross proceeds of C$21-million.
The transaction reduces Sandstorm’s holdings in Pinecrest to zero.
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However, Sandstorm retains ten-million share purchase warrants of Pinecrest, which if exercised, would result in Sandstorm holding 13.9% of the then issued and outstanding Pinecrest shares, on a partially diluted basis.
Pinecrest is a Vancouver-based explorer that is conducting mineral exploration and development of its 100% owned Enchi gold project, in Ghana.
Pinecrest has recently raised C$1.5-million, which it will put to work on achieving its goals at Enchi.
Sandstorm and Pinecrest entered into a strategic alliance in 2014 to develop Enchi, which is also part owned (19.9%) by Kinross Gold, and currently holds about one-million ounces of gold in the inferred resource category.
2.1 mio oder 21 mio, wo ist hier der fehler?
wenn ich für 4 mio shares nur 2,1 mio bekomme sind das 4,7 cent pro share aktueller aktienkurs sind aber ca. 40 cent
wenn ich für 4 mio shares nur 2,1 mio bekomme sind das 4,7 cent pro share aktueller aktienkurs sind aber ca. 40 cent
Mergernews!!!!
Sandstorm and Mariana Announce Recommended Combination to Create Leading Mid-Tier Streaming Company
VANCOUVER, April 26, 2017 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm") (NYSE MKT: SAND, TSX: SSL) and Mariana Resources Ltd. ("Mariana") (TSX.V: MARL, AIM: MARL) are pleased to announce that the board of directors of Sandstorm and the independent directors of Mariana have reached an agreement on the terms of a recommended share and cash acquisition by which the entire issued ordinary share capital of Mariana (that Sandstorm does not already own) will be acquired by Sandstorm by means of a Court-sanctioned scheme of arrangement under Part VIII of the Companies (Guernsey) Law (the "Combination").
Highlights of the Combination
The Combination is expected to create a leading mid-tier stream and royalty company (the "Combined Group"), delivering significant benefits to shareholders of Mariana and Sandstorm. The Combined Group will have:
A diversified portfolio of 155 streams and royalties including 20 producing, 23 development-stage, 26 advanced exploration-stage and 86 exploration-stage assets (the "Stream and Royalty Portfolio"). Of the projects that make up the Stream and Royalty Portfolio, 63% are located in North America, 19% in South America, 12% in Asia, 3% in Africa and 3% in Australia.
A 30% incorporated joint venture interest ("JV") in the high-grade, gold-copper, development-stage Hot Maden project in northeast Turkey ("Hot Maden"). Sandstorm intends to move from the current position of equity participation in the JV to converting the Combined Group's interest into a gold stream, providing the potential to more than double attributable gold equivalent production once in full operation. At present the Combined Group has not begun soliciting interest in a conversion transaction and intends to conduct such solicitation in the future after Hot Maden has undergone several de-risking and value creating milestones.
Hot Maden is expected to be a straightforward, low capital cost project with estimated initial construction capital requirements of US$169 million (US$51 million attributed to the 30% JV interest). The high-grade nature of the orebody and its wide mineralized zones provide the potential for a low cost mining operation, with estimated all-in sustaining costs of less than US$400 per ounce gold-equivalent, which if achieved would lead to significant cash flow generation from the project.
Hot Maden will continue to be managed by Turkish company Lidya Madencilik Sanayi ve Ticaret A.S. ("Lidya"), the 70% JV partner at Hot Maden. Lidya is an experienced Turkish company and is part of Çalık Holding, a Turkish conglomerate with several business lines including energy, telecommunication, finance, construction, textiles and mining. Lidya is currently partnered with Alacer Gold Corp. on the producing Çöpler mine and the development-stage Gediktepe and Kartaltepe projects in Turkey.
An interest in the remaining exploration properties of Mariana with a focus on gold, silver and associated metals in Côte d'Ivoire, Turkey, and Argentina (the "Exploration Properties"). Following completion of the Combination, Sandstorm intends to spin-out the Exploration Properties into a separate company (the "SpinCo"), with the Combined Group retaining royalty interests over the Exploration Properties and equity in the SpinCo.
Following the Combination, the Combined Group will maintain a strong balance sheet with significant available liquidity from its US$110 million revolving credit facility and strong cash flow from operations to fund Sandstorm's ongoing strategy of future stream and royalty acquisitions. The Combined Group will also have a portfolio of equity and debt investments in other mining companies which is intended to be monetized to support the Combined Group's ongoing acquisition strategy in due course.
Cash currently remaining in the Mariana Group of approximately US$5 million as at April 25, 2017, being the last Business Day before the date of this Announcement, which is expected to be sufficient to fund Mariana's ongoing pro rata share of development programmes and cash calls for the Hot Maden JV until January 2018 as well as furthering exploration as prioritised in Mariana's area of focus.
Superior market liquidity for Mariana Shareholders. Over the last 15 months, the daily dollar trading volume of Sandstorm has averaged approximately US$10 million between the NYSE MKT and TSX.
Experienced management team which has completed more than US$2 billion in stream and royalty transactions. On completion of the Combination, Nolan Watson will be President and Chief Executive Officer of the Combined Group and Glen Parsons will continue to manage the Exploration Properties furthering the advancement up the development curve.
Commenting on today's announcement, Nolan Watson, President and Chief Executive Officer of Sandstorm said:
"We believe that, by combining Mariana and Sandstorm and converting the Hot Maden JV interest into a gold stream, we can unlock the inherent value of Hot Maden and deliver the optimal outcome for shareholders without incurring further equity dilution to finance the interest in Hot Maden. We believe that Hot Maden is a unique asset with a robust cash flow profile and will be an anchor gold stream asset that has the potential to more than double Sandstorm's attributable gold equivalent production once in full operation. We are confident in Lidya as the operating partner at Hot Maden and we look forward to watching the project advance towards production and the mineralization expand through continued exploration.
The Combination is expected to transform the Combined Group into a leading mid-tier streaming and royalty company and our focus will be growth by acquisition with the primary objective being to add streams and royalties on quality projects with exploration upside, with the balance of Mariana's exploration portfolio contributing to this. We believe that we are well positioned to continue to execute on our growth plans with significant available liquidity from our US$110 million revolving credit facility and a portfolio of equity and debt investments in other mining companies that we plan to monetize."
Commenting on today's announcement, John Horsburgh, Non-Executive Chairman of Mariana said:
"The independent directors recommend that Mariana Shareholders approve this Combination. The Combination with a company such as Sandstorm not only de-risks Mariana's exposure as a single development/production asset company but provides a stronger diverse platform and ability to finance the development of the 30% owned high grade gold-copper discovery at Hot Maden in Turkey. The terms of the Combination represent a significant and attractive premium to the market price of Mariana Shares. The Consideration includes a cash consideration amount and a new Sandstorm share consideration amount component that provides an opportunity for Mariana Shareholders to participate in the upside of Hot Maden, as it advances to production, as well as exposure to the existing Mariana Exploration Properties and the Combined Group's streaming and royalty portfolio. The independent directors have also taken into account the high liquidity of Sandstorm Shares in arriving at this recommendation."
Terms of the Combination
Under the terms of the Combination, Mariana shareholders will receive 28.75 pence in cash and 0.2573 of a Sandstorm share for each one Mariana share held. The Combination values Mariana at approximately 110 pence per Mariana share based on the closing price of US$4.04 per Sandstorm Share on the NYSE MKT and a currency exchange rate of £0.7788 per USD, on April 25, 2017.
The terms of the Combination represent a premium of approximately 84% to the closing price of 59.50 pence per Mariana share on April 25, 2017 and a premium of approximately 88% to the 20-day VWAP per Mariana share.
If successful, the Combination will result in Mariana shareholders, together, owning approximately 19.0% of the ordinary share capital of the Combined Group.
Sandstorm holds 8,980,243 Mariana shares, representing approximately 7.0% of the issued ordinary share capital of Mariana, and Mariana warrants over a further 4,490,122 Mariana shares.
Voting Support and Board Approval
The Mariana independent directors have unanimously approved the Combination and intend to recommend that Mariana shareholders vote in favour of the Combination as they have irrevocably undertaken to vote in favour of the Scheme at the Guernsey Court Meeting and the resolutions to be proposed at the General Meeting in respect of, in aggregate, 905,050 Mariana Shares representing approximately 0.71% of the issued ordinary share capital of Mariana on April 25, 2017.
In addition to the irrevocable undertakings from the Mariana independent directors, Sandstorm has also received irrevocable undertakings from each of Australian Investors Pty Ltd and AngloGold Ashanti Holdings Plc to vote in favour of the Scheme at the Guernsey Court Meeting and the resolutions to be proposed at the General Meeting in respect of, in aggregate, 8,718,089 Mariana Shares, representing approximately 6.80% of Mariana's issued ordinary share capital on April 25, 2017.
Sandstorm has therefore received irrevocable undertakings to vote in favour of the Scheme at the Guernsey Court Meeting and the resolutions to be proposed at the General Meeting in respect of, in aggregate, 9,623,139 Mariana Shares representing, in aggregate, approximately 7.51%. of the issued ordinary share capital of Mariana on April 25, 2017.
Glen Parsons and Eric Roth have irrevocably undertaken to vote in favour of those resolutions to be proposed at the General Meeting on which they are entitled to vote in respect of, in aggregate, 986,621 Mariana Shares representing approximately 0.77% of the issued ordinary share capital of Mariana on April 25, 2017.
The issuance of the Sandstorm shares, including those issuable on exercise of any Mariana warrants and the Mariana options on a post-closing basis, is subject to approval by the Toronto Stock Exchange and the NYSE MKT.
About Mariana Resources
Mariana is an exploration and development company with an extensive portfolio of gold, silver, and copper projects in Turkey, South America, and Côte d'Ivoire. Mariana's most advanced asset is the Hot Maden gold‐copper project in northeast Turkey, which is a joint venture with Turkish partner Lidya (30% Mariana and 70% Lidya). The JV holds 1 operating licence and 3 exploration licences comprising a total land area of 73.9 km2. On January 17, 2017, Mariana released the results of a technical report entitled "National Instrument 43-101 Technical Report Preliminary Economic Assessment Hot Maden Gold Copper Project Artvin Province, Turkey" with an effective date of March 1, 2017 (the "Hot Maden PEA") which demonstrated robust estimated economics (after‐tax NPV and IRR of US$1.37 billion and 153%, respectively) based on a development scenario incorporating an underground mining operation and processing facility for the production of two concentrates (a copper‐gold concentrate and a gold-pyrite concentrate). Note that the Hot Maden PEA is preliminary in nature as it includes Indicated and Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability, and as such there is no certainty that the preliminary assessment and economics will be realized. The Hot Maden PEA was based on the June 2016 mineral resource estimate completed by RPM, which calculated resources (100% basis) by category of:
Indicated (Main Zone): 7.1 million tonnes ("Mt") grading 12.2 g/t gold and 2.3% copper for contained metal of 2.79 Moz of gold and 166 thousand tonnes ("kt") of copper (3.43 Moz of gold equivalent)
Inferred (Main Zone): 0.7 Mt grading 2.7 g/t gold and 0.9% copper for contained metal of 0.06 Moz of gold and 7 kt of copper (0.09 Moz of gold equivalent)
Inferred (Southern Zone): 1.3 Mt grading 7.2 g/t gold and 0.7% copper for contained metal of 0.31 Moz of gold and 10 kt of copper (0.35 Moz gold equivalent)
Hot Maden Resource Estimate
Hot Maden Main Deposit (2 g/t AuEq Cut-Off)
Indicated Mineral Resource
Domain
Tonnes
Au
(g/t)
Cu
(%)
Zn
(%)
AuEq
(g/t)
Au
Ounces
Cu
Tonnes
AuEq
Ounces
Main Zone LG
463,000
1.1
1.1
0.3
2.4
17,000
5,000
36,000
Main Zone HG
4,501,000
3.9
1.9
0.2
6.3
570,000
87,000
908,000
Main Zone UHG
2,086,000
32.7
3.5
0.1
36.9
2,195,000
73,000
2,476,000
Mixed Gold-Zinc Zone
17,000
7.5
3.1
3.6
11.2
4,000
1,000
6,000
Peripheral Lodes
60,000
2.1
0.4
0.4
2.5
4,000
‒
5,000
Total
7,127,000
12.2
2.3
0.2
15.0
2,790,000
166,000
3,431,000
Inferred Mineral Resource
Domain
Tonnes
Au
(g/t)
Cu
(%)
Zn
(%)
AuEq
(g/t)
Au
Ounces
Cu
Tonnes
AuEq
Ounces
Main Zone LG
395,000
1.7
0.9
0.03
2.8
21,000
4,000
35,000
Main Zone HG
31,000
3.9
1.6
0.1
5.8
4,000
‒
6,000
Main Zone UHG
6,000
39.1
2.1
0.01
41.6
7,000
‒
8,000
Mixed Gold-Zinc Zone
4,000
1.7
0.4
2.4
2.2
‒
‒
‒
Peripheral Lodes
282,000
3.2
0.9
0.1
4.3
29,000
2,000
38,000
Total
718,000
2.7
0.9
0.1
3.8
62,000
7,000
88,000
Hot Maden South Deposit (2 g/t AuEq Cut-Off)
Inferred Mineral Resource
Domain
Tonnes
Au
(g/t)
Cu
(%)
Zn
(%)
AuEq
(g/t)
Au
Ounces
Cu
Tonnes
AuEq
Ounces
South Zone LG
396,000
2.8
0.7
‒
3.6
35,000
3,000
46,000
South Zone HG
583,000
5.3
0.7
‒
6.1
98,000
4,000
114,000
South Zone UHG
224,000
22.2
1.0
‒
23.4
160,000
2,000
169,000
Mixed Gold-Zinc Zone
44,000
9.0
1.0
3.2
10.2
13,000
‒
15,000
Peripheral Lodes
104,000
1.9
0.3
‒
2.2
6,000
‒
7,000
Total
1,352,000
7.2
0.7
0.1
8.1
313,000
10,000
351,000
Notes:
1.
*Au Equivalence (AuEq) was calculated using a 100 day moving average of US$1,215/ounce for Au and US$2.13/pound for Cu as of May 29, 2016. No adjustment has been made for metallurgical recovery or net smelter return as these remain uncertain at this time. Based on grades and contained metal for Au and Cu, it is assumed that both commodities have reasonable potential to be economically extractable.
a.
The formula used for Au equivalent grade is: AuEq g/t = Au + [(Cu% x 22.0462 x 2.13)/(1215/31.1035)] and assumes 100% metallurgical recovery.
b.
Au equivalent ounces are calculated by multiplying Mineral Resource tonnage by Au equivalent grade and converting for ounces. The formula used for Au equivalent ounces is: AuEq Oz = [Tonnage x AuEq grade (g/t)]/31.1035.
2.
Mineral Resource grades are estimated in accordance with the JORC Code.
3.
Mineral Resources are reported on a dry in-situ basis.
Due to insider holdings in Mariana, the transaction may be considered to be a "related party transaction" under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Sandstorm intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(a) of MI 61-101 because at the time the transaction was agreed to, neither the fair market value of the subject matter of, nor the fair market value consideration for the transaction, as it related to insiders, exceeded 25% of Sandstorm's market capitalization.
Advisors and Legal Counsel
Sandstorm's financial advisor is KPMG LLP. Norton Rose Fulbright LLP (England), Carey Olsen (Guernsey), Cassels Brock & Blackwell LLP (Canada), and Neal, Gerber & Eisenberg LLP (United States) are acting as legal counsel to Sandstorm.
Mariana's financial advisors are RFC Ambrian Limited and Raymond James Ltd. Watson Farley & Williams LLP (England), Mourant Ozannes (Guernsey), and Gowling WLG LLP (Canada) are acting as legal counsel to Mariana.
Webcast & Conference Call Details
A conference call will be held on April 26, 2017 started at 8:00 am PDT to further discuss the Combination. To participate in the conference call, use the following dial-in numbers and conference ID, or join the webcast using the link below:
North America Toll Free: 888 390 0546
U.K. Local: +44 08006522435
Conference ID: 75483188
Webcast URL: http://ow.ly/CDou30bafh0
Qualified Person
Mr. Eric Roth, a qualified person under NI 43-101, has reviewed the Hot Maden PEA on behalf of Sandstorm. To the best of Sandstorm's knowledge, information and belief, there is no new material scientific or technical information that would make disclosure of the mineral resource or Hot Maden PEA inaccurate or misleading. The technical and scientific information contained in this press release has also been reviewed and approved by Mr. Roth.
For additional information, readers should refer to the Hot Maden PEA, which is available under Mariana's profile at www.sedar.com. There are no material differences between the CIM Definition Standards and the equivalent definitions in the JORC Code.
Rule 2.7 Announcement
To view the Rule 2.7 announcement, please click on the following link: www.sandstormgold.com/transaction.
As Mariana is listed in London the Combination is subject to UK takeover regulation and, as Sandstorm shares are being offered as consideration, there are certain public disclosure requirements imposed on Sandstorm shareholders who have positions or deal in Sandstorm shares and/or Mariana shares which are described in detail below.
Disclosure requirements of the UK Takeover Code (the "Code")
Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.
Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s), save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.
If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.
Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).
Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.
Sandstorm and Mariana Announce Recommended Combination to Create Leading Mid-Tier Streaming Company
VANCOUVER, April 26, 2017 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm") (NYSE MKT: SAND, TSX: SSL) and Mariana Resources Ltd. ("Mariana") (TSX.V: MARL, AIM: MARL) are pleased to announce that the board of directors of Sandstorm and the independent directors of Mariana have reached an agreement on the terms of a recommended share and cash acquisition by which the entire issued ordinary share capital of Mariana (that Sandstorm does not already own) will be acquired by Sandstorm by means of a Court-sanctioned scheme of arrangement under Part VIII of the Companies (Guernsey) Law (the "Combination").
Highlights of the Combination
The Combination is expected to create a leading mid-tier stream and royalty company (the "Combined Group"), delivering significant benefits to shareholders of Mariana and Sandstorm. The Combined Group will have:
A diversified portfolio of 155 streams and royalties including 20 producing, 23 development-stage, 26 advanced exploration-stage and 86 exploration-stage assets (the "Stream and Royalty Portfolio"). Of the projects that make up the Stream and Royalty Portfolio, 63% are located in North America, 19% in South America, 12% in Asia, 3% in Africa and 3% in Australia.
A 30% incorporated joint venture interest ("JV") in the high-grade, gold-copper, development-stage Hot Maden project in northeast Turkey ("Hot Maden"). Sandstorm intends to move from the current position of equity participation in the JV to converting the Combined Group's interest into a gold stream, providing the potential to more than double attributable gold equivalent production once in full operation. At present the Combined Group has not begun soliciting interest in a conversion transaction and intends to conduct such solicitation in the future after Hot Maden has undergone several de-risking and value creating milestones.
Hot Maden is expected to be a straightforward, low capital cost project with estimated initial construction capital requirements of US$169 million (US$51 million attributed to the 30% JV interest). The high-grade nature of the orebody and its wide mineralized zones provide the potential for a low cost mining operation, with estimated all-in sustaining costs of less than US$400 per ounce gold-equivalent, which if achieved would lead to significant cash flow generation from the project.
Hot Maden will continue to be managed by Turkish company Lidya Madencilik Sanayi ve Ticaret A.S. ("Lidya"), the 70% JV partner at Hot Maden. Lidya is an experienced Turkish company and is part of Çalık Holding, a Turkish conglomerate with several business lines including energy, telecommunication, finance, construction, textiles and mining. Lidya is currently partnered with Alacer Gold Corp. on the producing Çöpler mine and the development-stage Gediktepe and Kartaltepe projects in Turkey.
An interest in the remaining exploration properties of Mariana with a focus on gold, silver and associated metals in Côte d'Ivoire, Turkey, and Argentina (the "Exploration Properties"). Following completion of the Combination, Sandstorm intends to spin-out the Exploration Properties into a separate company (the "SpinCo"), with the Combined Group retaining royalty interests over the Exploration Properties and equity in the SpinCo.
Following the Combination, the Combined Group will maintain a strong balance sheet with significant available liquidity from its US$110 million revolving credit facility and strong cash flow from operations to fund Sandstorm's ongoing strategy of future stream and royalty acquisitions. The Combined Group will also have a portfolio of equity and debt investments in other mining companies which is intended to be monetized to support the Combined Group's ongoing acquisition strategy in due course.
Cash currently remaining in the Mariana Group of approximately US$5 million as at April 25, 2017, being the last Business Day before the date of this Announcement, which is expected to be sufficient to fund Mariana's ongoing pro rata share of development programmes and cash calls for the Hot Maden JV until January 2018 as well as furthering exploration as prioritised in Mariana's area of focus.
Superior market liquidity for Mariana Shareholders. Over the last 15 months, the daily dollar trading volume of Sandstorm has averaged approximately US$10 million between the NYSE MKT and TSX.
Experienced management team which has completed more than US$2 billion in stream and royalty transactions. On completion of the Combination, Nolan Watson will be President and Chief Executive Officer of the Combined Group and Glen Parsons will continue to manage the Exploration Properties furthering the advancement up the development curve.
Commenting on today's announcement, Nolan Watson, President and Chief Executive Officer of Sandstorm said:
"We believe that, by combining Mariana and Sandstorm and converting the Hot Maden JV interest into a gold stream, we can unlock the inherent value of Hot Maden and deliver the optimal outcome for shareholders without incurring further equity dilution to finance the interest in Hot Maden. We believe that Hot Maden is a unique asset with a robust cash flow profile and will be an anchor gold stream asset that has the potential to more than double Sandstorm's attributable gold equivalent production once in full operation. We are confident in Lidya as the operating partner at Hot Maden and we look forward to watching the project advance towards production and the mineralization expand through continued exploration.
The Combination is expected to transform the Combined Group into a leading mid-tier streaming and royalty company and our focus will be growth by acquisition with the primary objective being to add streams and royalties on quality projects with exploration upside, with the balance of Mariana's exploration portfolio contributing to this. We believe that we are well positioned to continue to execute on our growth plans with significant available liquidity from our US$110 million revolving credit facility and a portfolio of equity and debt investments in other mining companies that we plan to monetize."
Commenting on today's announcement, John Horsburgh, Non-Executive Chairman of Mariana said:
"The independent directors recommend that Mariana Shareholders approve this Combination. The Combination with a company such as Sandstorm not only de-risks Mariana's exposure as a single development/production asset company but provides a stronger diverse platform and ability to finance the development of the 30% owned high grade gold-copper discovery at Hot Maden in Turkey. The terms of the Combination represent a significant and attractive premium to the market price of Mariana Shares. The Consideration includes a cash consideration amount and a new Sandstorm share consideration amount component that provides an opportunity for Mariana Shareholders to participate in the upside of Hot Maden, as it advances to production, as well as exposure to the existing Mariana Exploration Properties and the Combined Group's streaming and royalty portfolio. The independent directors have also taken into account the high liquidity of Sandstorm Shares in arriving at this recommendation."
Terms of the Combination
Under the terms of the Combination, Mariana shareholders will receive 28.75 pence in cash and 0.2573 of a Sandstorm share for each one Mariana share held. The Combination values Mariana at approximately 110 pence per Mariana share based on the closing price of US$4.04 per Sandstorm Share on the NYSE MKT and a currency exchange rate of £0.7788 per USD, on April 25, 2017.
The terms of the Combination represent a premium of approximately 84% to the closing price of 59.50 pence per Mariana share on April 25, 2017 and a premium of approximately 88% to the 20-day VWAP per Mariana share.
If successful, the Combination will result in Mariana shareholders, together, owning approximately 19.0% of the ordinary share capital of the Combined Group.
Sandstorm holds 8,980,243 Mariana shares, representing approximately 7.0% of the issued ordinary share capital of Mariana, and Mariana warrants over a further 4,490,122 Mariana shares.
Voting Support and Board Approval
The Mariana independent directors have unanimously approved the Combination and intend to recommend that Mariana shareholders vote in favour of the Combination as they have irrevocably undertaken to vote in favour of the Scheme at the Guernsey Court Meeting and the resolutions to be proposed at the General Meeting in respect of, in aggregate, 905,050 Mariana Shares representing approximately 0.71% of the issued ordinary share capital of Mariana on April 25, 2017.
In addition to the irrevocable undertakings from the Mariana independent directors, Sandstorm has also received irrevocable undertakings from each of Australian Investors Pty Ltd and AngloGold Ashanti Holdings Plc to vote in favour of the Scheme at the Guernsey Court Meeting and the resolutions to be proposed at the General Meeting in respect of, in aggregate, 8,718,089 Mariana Shares, representing approximately 6.80% of Mariana's issued ordinary share capital on April 25, 2017.
Sandstorm has therefore received irrevocable undertakings to vote in favour of the Scheme at the Guernsey Court Meeting and the resolutions to be proposed at the General Meeting in respect of, in aggregate, 9,623,139 Mariana Shares representing, in aggregate, approximately 7.51%. of the issued ordinary share capital of Mariana on April 25, 2017.
Glen Parsons and Eric Roth have irrevocably undertaken to vote in favour of those resolutions to be proposed at the General Meeting on which they are entitled to vote in respect of, in aggregate, 986,621 Mariana Shares representing approximately 0.77% of the issued ordinary share capital of Mariana on April 25, 2017.
The issuance of the Sandstorm shares, including those issuable on exercise of any Mariana warrants and the Mariana options on a post-closing basis, is subject to approval by the Toronto Stock Exchange and the NYSE MKT.
About Mariana Resources
Mariana is an exploration and development company with an extensive portfolio of gold, silver, and copper projects in Turkey, South America, and Côte d'Ivoire. Mariana's most advanced asset is the Hot Maden gold‐copper project in northeast Turkey, which is a joint venture with Turkish partner Lidya (30% Mariana and 70% Lidya). The JV holds 1 operating licence and 3 exploration licences comprising a total land area of 73.9 km2. On January 17, 2017, Mariana released the results of a technical report entitled "National Instrument 43-101 Technical Report Preliminary Economic Assessment Hot Maden Gold Copper Project Artvin Province, Turkey" with an effective date of March 1, 2017 (the "Hot Maden PEA") which demonstrated robust estimated economics (after‐tax NPV and IRR of US$1.37 billion and 153%, respectively) based on a development scenario incorporating an underground mining operation and processing facility for the production of two concentrates (a copper‐gold concentrate and a gold-pyrite concentrate). Note that the Hot Maden PEA is preliminary in nature as it includes Indicated and Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability, and as such there is no certainty that the preliminary assessment and economics will be realized. The Hot Maden PEA was based on the June 2016 mineral resource estimate completed by RPM, which calculated resources (100% basis) by category of:
Indicated (Main Zone): 7.1 million tonnes ("Mt") grading 12.2 g/t gold and 2.3% copper for contained metal of 2.79 Moz of gold and 166 thousand tonnes ("kt") of copper (3.43 Moz of gold equivalent)
Inferred (Main Zone): 0.7 Mt grading 2.7 g/t gold and 0.9% copper for contained metal of 0.06 Moz of gold and 7 kt of copper (0.09 Moz of gold equivalent)
Inferred (Southern Zone): 1.3 Mt grading 7.2 g/t gold and 0.7% copper for contained metal of 0.31 Moz of gold and 10 kt of copper (0.35 Moz gold equivalent)
Hot Maden Resource Estimate
Hot Maden Main Deposit (2 g/t AuEq Cut-Off)
Indicated Mineral Resource
Domain
Tonnes
Au
(g/t)
Cu
(%)
Zn
(%)
AuEq
(g/t)
Au
Ounces
Cu
Tonnes
AuEq
Ounces
Main Zone LG
463,000
1.1
1.1
0.3
2.4
17,000
5,000
36,000
Main Zone HG
4,501,000
3.9
1.9
0.2
6.3
570,000
87,000
908,000
Main Zone UHG
2,086,000
32.7
3.5
0.1
36.9
2,195,000
73,000
2,476,000
Mixed Gold-Zinc Zone
17,000
7.5
3.1
3.6
11.2
4,000
1,000
6,000
Peripheral Lodes
60,000
2.1
0.4
0.4
2.5
4,000
‒
5,000
Total
7,127,000
12.2
2.3
0.2
15.0
2,790,000
166,000
3,431,000
Inferred Mineral Resource
Domain
Tonnes
Au
(g/t)
Cu
(%)
Zn
(%)
AuEq
(g/t)
Au
Ounces
Cu
Tonnes
AuEq
Ounces
Main Zone LG
395,000
1.7
0.9
0.03
2.8
21,000
4,000
35,000
Main Zone HG
31,000
3.9
1.6
0.1
5.8
4,000
‒
6,000
Main Zone UHG
6,000
39.1
2.1
0.01
41.6
7,000
‒
8,000
Mixed Gold-Zinc Zone
4,000
1.7
0.4
2.4
2.2
‒
‒
‒
Peripheral Lodes
282,000
3.2
0.9
0.1
4.3
29,000
2,000
38,000
Total
718,000
2.7
0.9
0.1
3.8
62,000
7,000
88,000
Hot Maden South Deposit (2 g/t AuEq Cut-Off)
Inferred Mineral Resource
Domain
Tonnes
Au
(g/t)
Cu
(%)
Zn
(%)
AuEq
(g/t)
Au
Ounces
Cu
Tonnes
AuEq
Ounces
South Zone LG
396,000
2.8
0.7
‒
3.6
35,000
3,000
46,000
South Zone HG
583,000
5.3
0.7
‒
6.1
98,000
4,000
114,000
South Zone UHG
224,000
22.2
1.0
‒
23.4
160,000
2,000
169,000
Mixed Gold-Zinc Zone
44,000
9.0
1.0
3.2
10.2
13,000
‒
15,000
Peripheral Lodes
104,000
1.9
0.3
‒
2.2
6,000
‒
7,000
Total
1,352,000
7.2
0.7
0.1
8.1
313,000
10,000
351,000
Notes:
1.
*Au Equivalence (AuEq) was calculated using a 100 day moving average of US$1,215/ounce for Au and US$2.13/pound for Cu as of May 29, 2016. No adjustment has been made for metallurgical recovery or net smelter return as these remain uncertain at this time. Based on grades and contained metal for Au and Cu, it is assumed that both commodities have reasonable potential to be economically extractable.
a.
The formula used for Au equivalent grade is: AuEq g/t = Au + [(Cu% x 22.0462 x 2.13)/(1215/31.1035)] and assumes 100% metallurgical recovery.
b.
Au equivalent ounces are calculated by multiplying Mineral Resource tonnage by Au equivalent grade and converting for ounces. The formula used for Au equivalent ounces is: AuEq Oz = [Tonnage x AuEq grade (g/t)]/31.1035.
2.
Mineral Resource grades are estimated in accordance with the JORC Code.
3.
Mineral Resources are reported on a dry in-situ basis.
Due to insider holdings in Mariana, the transaction may be considered to be a "related party transaction" under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Sandstorm intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(a) of MI 61-101 because at the time the transaction was agreed to, neither the fair market value of the subject matter of, nor the fair market value consideration for the transaction, as it related to insiders, exceeded 25% of Sandstorm's market capitalization.
Advisors and Legal Counsel
Sandstorm's financial advisor is KPMG LLP. Norton Rose Fulbright LLP (England), Carey Olsen (Guernsey), Cassels Brock & Blackwell LLP (Canada), and Neal, Gerber & Eisenberg LLP (United States) are acting as legal counsel to Sandstorm.
Mariana's financial advisors are RFC Ambrian Limited and Raymond James Ltd. Watson Farley & Williams LLP (England), Mourant Ozannes (Guernsey), and Gowling WLG LLP (Canada) are acting as legal counsel to Mariana.
Webcast & Conference Call Details
A conference call will be held on April 26, 2017 started at 8:00 am PDT to further discuss the Combination. To participate in the conference call, use the following dial-in numbers and conference ID, or join the webcast using the link below:
North America Toll Free: 888 390 0546
U.K. Local: +44 08006522435
Conference ID: 75483188
Webcast URL: http://ow.ly/CDou30bafh0
Qualified Person
Mr. Eric Roth, a qualified person under NI 43-101, has reviewed the Hot Maden PEA on behalf of Sandstorm. To the best of Sandstorm's knowledge, information and belief, there is no new material scientific or technical information that would make disclosure of the mineral resource or Hot Maden PEA inaccurate or misleading. The technical and scientific information contained in this press release has also been reviewed and approved by Mr. Roth.
For additional information, readers should refer to the Hot Maden PEA, which is available under Mariana's profile at www.sedar.com. There are no material differences between the CIM Definition Standards and the equivalent definitions in the JORC Code.
Rule 2.7 Announcement
To view the Rule 2.7 announcement, please click on the following link: www.sandstormgold.com/transaction.
As Mariana is listed in London the Combination is subject to UK takeover regulation and, as Sandstorm shares are being offered as consideration, there are certain public disclosure requirements imposed on Sandstorm shareholders who have positions or deal in Sandstorm shares and/or Mariana shares which are described in detail below.
Disclosure requirements of the UK Takeover Code (the "Code")
Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.
Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s), save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.
If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.
Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).
Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.
@Lieber KMST, vielen Dank für deine Beiträge! Grüner Daumen von mir! Es wäre lieb wenn du vielleicht bei Presseerklärungen nicht den ganzen "Kladderadatsch" (siehe weiter oben) mitliefern würdest! Gruß Trobs
Sandstorm buys Mariana (UPDATED) https://www.juniorminingnetwork.com/junior-miner-news/press-…
Woah! Here's the chewy bit:
Under the terms of the Combination, Mariana shareholders will receive 28.75 pence in cash and 0.2573 of a Sandstorm share for each one Mariana share held. The Combination values Mariana at approximately 110 pence per Mariana share based on the closing price of US$4.04 per Sandstorm Share on the NYSE MKT and a currency exchange rate of £0.7788 per USD, on April 25, 2017.
The terms of the Combination represent a premium of approximately 84% to the closing price of 59.50 pence per Mariana share on April 25, 2017 and a premium of approximately 88% to the 20-day VWAP per Mariana share.
If successful, the Combination will result in Mariana shareholders, together, owning approximately 19.0% of the ordinary share capital of the Combined Group.
Sandstorm holds 8,980,243 Mariana shares, representing approximately 7.0% of the issued ordinary share capital of Mariana, and Mariana warrants over a further 4,490,122 Mariana shares.
UPDATE: MARL has opened at 87p in London on 3m shares traded. That's only just above its recent January highs and plenty below the nominal 110p offer price, probably due to UK capital gains tax laws. The lack of percentage lock-up is the main barrier to deal success here, so SAND may look like it's pitching high, what it's really doing is telling UK instos that this is a tax-efficient way of buying their shares. You can think what you like about the Hot Maden asset (for what it's worth, I like it and like it even more after the Yes vote in the recent referendum), but it's clear that Nolan has done his homework on the deal structure and thought it through well. After all, they'll still be 81% of the newco...that doesn't leave room for a massive price dumpage for SAND today.
@IKN
Sandstorm buys Mariana (UPDATED) https://www.juniorminingnetwork.com/junior-miner-news/press-…
Woah! Here's the chewy bit:
Under the terms of the Combination, Mariana shareholders will receive 28.75 pence in cash and 0.2573 of a Sandstorm share for each one Mariana share held. The Combination values Mariana at approximately 110 pence per Mariana share based on the closing price of US$4.04 per Sandstorm Share on the NYSE MKT and a currency exchange rate of £0.7788 per USD, on April 25, 2017.
The terms of the Combination represent a premium of approximately 84% to the closing price of 59.50 pence per Mariana share on April 25, 2017 and a premium of approximately 88% to the 20-day VWAP per Mariana share.
If successful, the Combination will result in Mariana shareholders, together, owning approximately 19.0% of the ordinary share capital of the Combined Group.
Sandstorm holds 8,980,243 Mariana shares, representing approximately 7.0% of the issued ordinary share capital of Mariana, and Mariana warrants over a further 4,490,122 Mariana shares.
UPDATE: MARL has opened at 87p in London on 3m shares traded. That's only just above its recent January highs and plenty below the nominal 110p offer price, probably due to UK capital gains tax laws. The lack of percentage lock-up is the main barrier to deal success here, so SAND may look like it's pitching high, what it's really doing is telling UK instos that this is a tax-efficient way of buying their shares. You can think what you like about the Hot Maden asset (for what it's worth, I like it and like it even more after the Yes vote in the recent referendum), but it's clear that Nolan has done his homework on the deal structure and thought it through well. After all, they'll still be 81% of the newco...that doesn't leave room for a massive price dumpage for SAND today.
@IKN
Das Cookie Monster auf Tour: Hot Maden
https://www.explorationinsights.com/MediaLib/Downloads/Home/…
https://www.explorationinsights.com/MediaLib/Downloads/Home/…
4/26/17
The other thing about this Sandstorm (SAND) deal is the newco market cap
When SAND is joined by MARL, we're going to be close to the U$1Bn market cap threshold, something that Nolan Watson has been keen to promote as a target due to the way it will open up the door to a new tranche of insto cash.
@IKN
The other thing about this Sandstorm (SAND) deal is the newco market cap
When SAND is joined by MARL, we're going to be close to the U$1Bn market cap threshold, something that Nolan Watson has been keen to promote as a target due to the way it will open up the door to a new tranche of insto cash.
@IKN
Joint Conference Call
http://sandstormgold.com/_resources/transaction/joint_confer…
Joint Investor Presentation
http://sandstormgold.com/_resources/transaction/joint_invest…
http://sandstormgold.com/_resources/transaction/joint_confer…
Joint Investor Presentation
http://sandstormgold.com/_resources/transaction/joint_invest…
Big news this week regarding Mariana Resources and Sandstorm Gold. Glen Parsons joins me to discuss the deal and what it means for shareholders.
http://www.kereport.com/wp-content/uploads/0429-2-4.mp3
http://www.kereport.com/wp-content/uploads/0429-2-4.mp3
Je länger man über den Deal nachdenkt, umso besser erscheint er:
Verdoppelung der attributable ounzes bei einem der interessantesten Projekte weltweit mit weiter ausstehenden Bohrergebnissen und damit verbunden enormen Chancen:
a) entweder später: Umwandlung der Beteiligung in einen Stream
b) oder, sollte dies nicht möglich sein, lässt man es weiterlaufen: die geschätzten AISC betragen 400 Dollar!! Diese werden auch normalerweise bei den andereren Deals fällig.
Problem:
- die geographische Lage Hot Madens
- "außergewöhnliche" Maßnahmen des Staates
- Konzentration des Risikos in Sandstorm Portfolio
Jedoch stehen hier die guten Erfahrungen Alacer Golds mit Lydia und das "Game-changer"-Potential entgegen. Canaccord hat schon reagiert und die Aktie auf 10 Dollar gesetzt.
http://www.bnn.ca/commodities/video/commodities-for-friday-a…
Verdoppelung der attributable ounzes bei einem der interessantesten Projekte weltweit mit weiter ausstehenden Bohrergebnissen und damit verbunden enormen Chancen:
a) entweder später: Umwandlung der Beteiligung in einen Stream
b) oder, sollte dies nicht möglich sein, lässt man es weiterlaufen: die geschätzten AISC betragen 400 Dollar!! Diese werden auch normalerweise bei den andereren Deals fällig.
Problem:
- die geographische Lage Hot Madens
- "außergewöhnliche" Maßnahmen des Staates
- Konzentration des Risikos in Sandstorm Portfolio
Jedoch stehen hier die guten Erfahrungen Alacer Golds mit Lydia und das "Game-changer"-Potential entgegen. Canaccord hat schon reagiert und die Aktie auf 10 Dollar gesetzt.
http://www.bnn.ca/commodities/video/commodities-for-friday-a…
Wenn der Deal so gut wäre, hätte der Kurs von Sandstorm anders reagiert. Und die 84% Aufpreis sind auch happig!
https://seekingalpha.com/article/4065869-sandstorm-golds-lat…
https://seekingalpha.com/article/4065869-sandstorm-golds-lat…
@Village-Player
Dein globaler Anspruch beschränkt sich auf das Häusliche:-) Du hast recht! Eine Frechheit von Mariana, dass sie Hot nicht verschenkt haben....Junge, Junge....was bist du für ein HO...!!
WENN, ja WENN - was ich aber nicht glaube - du es schaffst hier in diesem Thread auch einmal eine sinnvolle Nachricht einzustellen....WENN...
Was hast du gesagt? Was WÄRE Sands Anteil an der Capex?
Dein globaler Anspruch beschränkt sich auf das Häusliche:-) Du hast recht! Eine Frechheit von Mariana, dass sie Hot nicht verschenkt haben....Junge, Junge....was bist du für ein HO...!!
WENN, ja WENN - was ich aber nicht glaube - du es schaffst hier in diesem Thread auch einmal eine sinnvolle Nachricht einzustellen....WENN...
Was hast du gesagt? Was WÄRE Sands Anteil an der Capex?
Antwort auf Beitrag Nr.: 54.835.533 von trobs am 29.04.17 20:42:25
Je länger man über den Deal nachdenkt, umso besser erscheint er:
Verdoppelung der attributable ounzes bei einem der interessantesten Projekte weltweit mit weiter ausstehenden Bohrergebnissen und damit verbunden enormen Chancen
a) entweder später: Umwandlung der Beteiligung in einen Stream
b) oder, sollte dies nicht möglich sein, lässt man es weiterlaufen: die geschätzten AISC betragen 400 Dollar!! Diese werden auch normalerweise bei den andereren Deals fällig.
Problem:
- die geographische Lage Hot Madens
- "außergewöhnliche" Maßnahmen des Staates
- Konzentration des Risikos in Sandstorm Portfolio...............................
_____________________________________________________________________
Da gehe ich so ungefähr mit
Je länger man über den Deal nachdenkt, umso besser erscheint er:
Verdoppelung der attributable ounzes bei einem der interessantesten Projekte weltweit mit weiter ausstehenden Bohrergebnissen und damit verbunden enormen Chancen
a) entweder später: Umwandlung der Beteiligung in einen Stream
b) oder, sollte dies nicht möglich sein, lässt man es weiterlaufen: die geschätzten AISC betragen 400 Dollar!! Diese werden auch normalerweise bei den andereren Deals fällig.
Problem:
- die geographische Lage Hot Madens
- "außergewöhnliche" Maßnahmen des Staates
- Konzentration des Risikos in Sandstorm Portfolio...............................
_____________________________________________________________________
Da gehe ich so ungefähr mit
@trips, halte dich lieber an die Fakten, der sandstorm Kurs schmiert ab während Mariana in die Höhe schießt. Aber alles fair bezahlt +84% die Mariana Aktionäre kommen vor lachen nicht mehr in den In den Schlaf. Sandstorm wird ordentlich verwässern. Na dann viel Spaß in der Türkei
+84% die Mariana Aktionäre kommen vor lachen nicht mehr in den In den Schlaf. Sandstorm wird ordentlich verwässern. Na dann viel Spaß in der Türkei
Antwort auf Beitrag Nr.: 54.837.241 von Global-Player83 am 30.04.17 17:00:15
Ob wir in der Türkei Spaß haben werden, kann ich dir noch nicht sagen (siehe meinen Kommentar oben bezüglich möglicher Probleme) ! Hinzu kommt das Rebalancing welches auch Sand betrifft, das Frontrunning sehen wir seit einiger Zeit, und die explosive Marktlage, die wenn sie sich nach unten auflösen sollte, natürlich auch Sand mitreißen wird!
Hinzu kommt, dass die Erwerbsabsicht natürlich auch die alte Geschichte zwischen unserem Koloss von Ari und Nolans im wahrsten Sinne des Wortes kolossalen Fehlschlag wieder aufs Tablett bringt.
Was ich aber weiß ist, dass Hot MAden eine Klasse für sich ist und für Sandstorm ein echter Game Changer sein KANN!!
PEA places Mariana’s Hot Maden in world-class league
...
Based on mining seven-million tonnes of ore over a nine-year project life, producing ore grading 11% gold and 1.9% copper, the project is expected to produce 2.6-million ounces of gold over the life of the mine and 142 000 t of copper.
“The high-grade nature of this resource and relatively low capital expenditure (capex) and operating costs should result in the delivery of considerable cash flow and a short payback period (around 2.1 years, including underground mine development) on initial investment,” Parsons said.
Upfront capex costs were estimated at $169-million, which rises to $261-million over the mine’s life.
http://www.miningweekly.com/article/pea-places-marianas-hot-…
Zitat von Global-Player83: @trips, halte dich lieber an die Fakten, der sandstorm Kurs schmiert ab während Mariana in die Höhe schießt. Aber alles fair bezahlt
Ob wir in der Türkei Spaß haben werden, kann ich dir noch nicht sagen (siehe meinen Kommentar oben bezüglich möglicher Probleme) ! Hinzu kommt das Rebalancing welches auch Sand betrifft, das Frontrunning sehen wir seit einiger Zeit, und die explosive Marktlage, die wenn sie sich nach unten auflösen sollte, natürlich auch Sand mitreißen wird!
Hinzu kommt, dass die Erwerbsabsicht natürlich auch die alte Geschichte zwischen unserem Koloss von Ari und Nolans im wahrsten Sinne des Wortes kolossalen Fehlschlag wieder aufs Tablett bringt.
Was ich aber weiß ist, dass Hot MAden eine Klasse für sich ist und für Sandstorm ein echter Game Changer sein KANN!!
PEA places Mariana’s Hot Maden in world-class league
...
Based on mining seven-million tonnes of ore over a nine-year project life, producing ore grading 11% gold and 1.9% copper, the project is expected to produce 2.6-million ounces of gold over the life of the mine and 142 000 t of copper.
“The high-grade nature of this resource and relatively low capital expenditure (capex) and operating costs should result in the delivery of considerable cash flow and a short payback period (around 2.1 years, including underground mine development) on initial investment,” Parsons said.
Upfront capex costs were estimated at $169-million, which rises to $261-million over the mine’s life.
http://www.miningweekly.com/article/pea-places-marianas-hot-…
Solange die Village people hier rumlungern und den Usern den letzten Nerv rauben...nur soviel:
Freitag hat einen bestimmten Grund!!
Sandstorm ist auf dem momentanen Niveau ein Schnäppchen, welches aber vielleicht mit der Indexumstellung und dem Marktumfeld leider MÖGLICHERWEISE noch weiter in Mitleidenschaft gezogen werden KÖNNTE!
Zum angeblich überhöhten Kaufpreis: Dieser Mist kann nur auf Village-Trottel-Niveau wachsen!
Man beachte wo Mariana bis vor kurzem stand!! RICHTIG Höchststand vor 3 Monaten waren fast 0,90!!! Ich bin mittlerweile so genervt von diesen Dummschwätzern und Einmalpostern!
Freitag hat einen bestimmten Grund!!
Sandstorm ist auf dem momentanen Niveau ein Schnäppchen, welches aber vielleicht mit der Indexumstellung und dem Marktumfeld leider MÖGLICHERWEISE noch weiter in Mitleidenschaft gezogen werden KÖNNTE!
Zum angeblich überhöhten Kaufpreis: Dieser Mist kann nur auf Village-Trottel-Niveau wachsen!
Man beachte wo Mariana bis vor kurzem stand!! RICHTIG Höchststand vor 3 Monaten waren fast 0,90!!! Ich bin mittlerweile so genervt von diesen Dummschwätzern und Einmalpostern!
Deine Ausführungen enthalten viel, hätte, wäre, wenn und könnte
Brauchst hier keinen Frust schieben, nur weil du mit deinen sandstorm scheinen dick im Minus sitzt.
Brauchst hier keinen Frust schieben, nur weil du mit deinen sandstorm scheinen dick im Minus sitzt.
Sandstorm Gold: Ramping Up Risks, Eying Outsized Rewards
- Sandstorm puts a new spin on the streaming model.
- We see a high risk / high rewards situation. Deja Vu for Sandstorm investors.
- We relish a devil's advocate approach, and see a buying opportunity emerging.
https://seekingalpha.com/article/4067715-sandstorm-gold-ramp…
- Sandstorm puts a new spin on the streaming model.
- We see a high risk / high rewards situation. Deja Vu for Sandstorm investors.
- We relish a devil's advocate approach, and see a buying opportunity emerging.
https://seekingalpha.com/article/4067715-sandstorm-gold-ramp…
!
Dieser Beitrag wurde von CloudMOD moderiert. Grund: Beleidigung
01. Mai 2017 3,44
18. Apr. 2017 4,56
= -25%
Bleib lieber in dem AFD Thread, da bist du besser aufgehoben. Oder bei deinen Explorer-Klitschen Tinca Resources (nie gehört), Rye Patch, Red Eagle Mining (in Kolumbien).
18. Apr. 2017 4,56
= -25%
Bleib lieber in dem AFD Thread, da bist du besser aufgehoben. Oder bei deinen Explorer-Klitschen Tinca Resources (nie gehört), Rye Patch, Red Eagle Mining (in Kolumbien).
Antwort auf Beitrag Nr.: 54.847.975 von Global-Player83 am 02.05.17 17:20:14
Deshalb hast du bei Tinka ja auch keine 200% gemacht....
PS. Du weißt schon wohin....
Zitat von Global-Player83: 01. Mai 2017 3,44
18. Apr. 2017 4,56
= -25%
Bleib lieber in dem AFD Thread, da bist du besser aufgehoben. Oder bei deinen Explorer-Klitschen Tinca Resources (nie gehört), Rye Patch, Red Eagle Mining (in Kolumbien).
Deshalb hast du bei Tinka ja auch keine 200% gemacht
....PS. Du weißt schon wohin....
Für Interessierte ist dieser Artikel ein "Muss"! Er fasst sehr schön Pro und und auch sehr viele Contra Argumente zusammen! Daher am besten den Artikel komplett lesen!
Er zeigt sehr schön die verschiedenen Risiken auf, weist aber auch auf die in diesem Deal vorhandenen Chancen zur Transformation der Company hin, Stichwort ist hier Game Changer!
Der Artikel lässt natürlich auch schmerzliche Erinnerungen an fehlgeschlagene Invests nicht aus. Ich denke, dass keiner von uns, der hier schon länger investiert ist, nicht auch "kolossale" Erinnerungen hat. Wenn ich mir aber anschaue, was unsere Freunde von Franco für einen 60T OZ Stream bezahlen, haben wir hier MÖGLICHERWEISE die Chance eine ganz neue Stufe zu erklimmen! Hier muss nun Jeder für sich entscheiden, ob er hier Chancen, oder ZURECHT auch das Risiko sieht!
Der Abverkauf am Freitag beruhte auf 3 Faktoren:
a) Marktumfeld
b) Rebalancing (Vielleicht schafft es Jemand herauszufinden, wieviel Van Kack schon rausgekotzt hat)
UND c) vor allem auf der Verkaufsempfehlung eines sehr verbreiteten Börsendbriefes!
Solange also, van Kack nicht fertig ist und wir leider nicht wissen wo der Goldpreis hinläuft muss man eventuell weiter mit Schwäche rechnen.
Auszüge aus dem Artikel:
Much like many of our subscribers, our first instinct was to oppose the deal and sell. But as we studied the data in front of us, the proposed deal started to grow on us putting us into a position of devil's advocate to the currently prevailing market sentiment... .
So What's Mariana Worth?...
The company assumed a gold price of $1,250/oz and a copper price of $2,75/lb for its base case, and comparatively conservative discount rate of 8% to arrive at an NPV of $1.37B for the project, with Mariana's 30% share amounting to $411M. Total capital for the project amounts to just $261M, and that's total capital as in already including sustaining capital for the life of mine. With metrics like this an IRR of 153% comes with little surprise.
As always, there is plenty of upside with this project as well, and just like the project itself, this upside is quite extraordinary. Only a small portion of Mariana's landholding have been drilled, and many highly promising targets await exploration. Discovery of another deposit is certainly a possibility, and extension of the existing (geologically open) deposit is likely. In our view, the 9-year mine life outlined in the PEA is a highly promising start to an operation that may well outlive many of its current investors... .
... we submit that Hot Maden is one of the most attractive near-term development projects currently on the market, and owning a stream on the future Hot Maden mine will be a major achievement for any streaming company. Sandstorm has found an ingenious way of doing just that... .
Takeaway and Investment Thesis
While other streaming companies are bidding on conventional streams where rates of return have been tumbling of late, Sandstorm is shooting for the stars (again). The company has pushed the limits of the streaming business model (again), and if the Mariana takeover closes, it has a shot at creating a metal stream with the potential to propel Sandstorm to the next level. On the other hand, there are substantial costs associated with this move, and it adds substantial risks to the company's profile.
This is a classic case of high risks weighing against high rewards, where individual assumptions especially on the risk-side of the equation will tip the scale one way or another for individual investors.
...
We have concluded that the potential rewards justify the costs, plus the substantial dose of risks. Hot Maden is a uniquely profitable asset, and it deserves the shot Sandstorm is giving it. We believe that Sandstorm's management has what it takes to manage the risks, and we feel that the costs are justified while not putting too much strain on the balance sheet.
We expect closure of the deal to act as a catalyst to the upside, however. Not only will Sandstorm start releasing new information to the market, it will presumably also use the share price weakness to ramp up buy-backs thus adding support to the share price.
We therefore see the current share price weakness as a developing buying opportunity, although we are in no hurry to buy as the share price might just drift lower during the current blackout period up until closure. We are well aware that it might take a little while for the value of this deal to crystallize, and we are well aware of the risks we are taking, but at a low $3 handle on the share price, we are convinced buyers, and believe that rewards outweigh risks by a comfortable margin.
https://seekingalpha.com/article/4067715-sandstorm-gold-ramp…
Er zeigt sehr schön die verschiedenen Risiken auf, weist aber auch auf die in diesem Deal vorhandenen Chancen zur Transformation der Company hin, Stichwort ist hier Game Changer!
Der Artikel lässt natürlich auch schmerzliche Erinnerungen an fehlgeschlagene Invests nicht aus. Ich denke, dass keiner von uns, der hier schon länger investiert ist, nicht auch "kolossale" Erinnerungen hat. Wenn ich mir aber anschaue, was unsere Freunde von Franco für einen 60T OZ Stream bezahlen, haben wir hier MÖGLICHERWEISE die Chance eine ganz neue Stufe zu erklimmen! Hier muss nun Jeder für sich entscheiden, ob er hier Chancen, oder ZURECHT auch das Risiko sieht!
Der Abverkauf am Freitag beruhte auf 3 Faktoren:
a) Marktumfeld
b) Rebalancing (Vielleicht schafft es Jemand herauszufinden, wieviel Van Kack schon rausgekotzt hat)
UND c) vor allem auf der Verkaufsempfehlung eines sehr verbreiteten Börsendbriefes!
Solange also, van Kack nicht fertig ist und wir leider nicht wissen wo der Goldpreis hinläuft muss man eventuell weiter mit Schwäche rechnen.
Auszüge aus dem Artikel:
Much like many of our subscribers, our first instinct was to oppose the deal and sell. But as we studied the data in front of us, the proposed deal started to grow on us putting us into a position of devil's advocate to the currently prevailing market sentiment... .
So What's Mariana Worth?...
The company assumed a gold price of $1,250/oz and a copper price of $2,75/lb for its base case, and comparatively conservative discount rate of 8% to arrive at an NPV of $1.37B for the project, with Mariana's 30% share amounting to $411M. Total capital for the project amounts to just $261M, and that's total capital as in already including sustaining capital for the life of mine. With metrics like this an IRR of 153% comes with little surprise.
As always, there is plenty of upside with this project as well, and just like the project itself, this upside is quite extraordinary. Only a small portion of Mariana's landholding have been drilled, and many highly promising targets await exploration. Discovery of another deposit is certainly a possibility, and extension of the existing (geologically open) deposit is likely. In our view, the 9-year mine life outlined in the PEA is a highly promising start to an operation that may well outlive many of its current investors... .
... we submit that Hot Maden is one of the most attractive near-term development projects currently on the market, and owning a stream on the future Hot Maden mine will be a major achievement for any streaming company. Sandstorm has found an ingenious way of doing just that... .
Takeaway and Investment Thesis
While other streaming companies are bidding on conventional streams where rates of return have been tumbling of late, Sandstorm is shooting for the stars (again). The company has pushed the limits of the streaming business model (again), and if the Mariana takeover closes, it has a shot at creating a metal stream with the potential to propel Sandstorm to the next level. On the other hand, there are substantial costs associated with this move, and it adds substantial risks to the company's profile.
This is a classic case of high risks weighing against high rewards, where individual assumptions especially on the risk-side of the equation will tip the scale one way or another for individual investors.
...
We have concluded that the potential rewards justify the costs, plus the substantial dose of risks. Hot Maden is a uniquely profitable asset, and it deserves the shot Sandstorm is giving it. We believe that Sandstorm's management has what it takes to manage the risks, and we feel that the costs are justified while not putting too much strain on the balance sheet.
We expect closure of the deal to act as a catalyst to the upside, however. Not only will Sandstorm start releasing new information to the market, it will presumably also use the share price weakness to ramp up buy-backs thus adding support to the share price.
We therefore see the current share price weakness as a developing buying opportunity, although we are in no hurry to buy as the share price might just drift lower during the current blackout period up until closure. We are well aware that it might take a little while for the value of this deal to crystallize, and we are well aware of the risks we are taking, but at a low $3 handle on the share price, we are convinced buyers, and believe that rewards outweigh risks by a comfortable margin.
https://seekingalpha.com/article/4067715-sandstorm-gold-ramp…
Brent Cook wird wohl Sandstorm Aktionär
Joe Mazumdar, Fergus Hodgson und Brien Lundin im Gespräch:
Hot Maden:
Fergus: Some of the best drill intercepts that I have ever seen..in some cases ultra-high grade resources...
Joe:
- Opportunity for a streamer which doesn´t have a lot of opportunities for streaming because the financing risk has abated...
- so this is one of the only opportunities at the moment so they can get a quality asset...
- we get a win-win....it accrues to Sandstorm and Mariana gets a premium...
- I like the Argentine assets and the land package in Cote d´Ivoire
- I´m gonna book all my profits, Brent gonna do half and half
Joe Mazumdar, Fergus Hodgson und Brien Lundin im Gespräch:
Hot Maden:
Fergus: Some of the best drill intercepts that I have ever seen..in some cases ultra-high grade resources...
Joe:
- Opportunity for a streamer which doesn´t have a lot of opportunities for streaming because the financing risk has abated...
- so this is one of the only opportunities at the moment so they can get a quality asset...
- we get a win-win....it accrues to Sandstorm and Mariana gets a premium...
- I like the Argentine assets and the land package in Cote d´Ivoire
- I´m gonna book all my profits, Brent gonna do half and half
Mariana Resources Ltd: Updated Cooperation Agreement and Indicative Timetable for the Implementation of the Combination
...
It is presently anticipated that Mariana will send its Scheme Document to Mariana Shareholders and (for information only) to principles in the Mariana Employee Equity Plans and holders of Mariana Warrants around mid-May, that both of the Guernsey Court Meeting and General Meeting of Mariana shareholders required to approve the Combination will be held around mid-June and that, provided the Combination is approved by Mariana Shareholders, the Guernsey Court should sanction the Combination in late June, subject to Court availability... .
http://www.minenportal.de/artikel.php?sid=200264&lang=en#Mar…
...
It is presently anticipated that Mariana will send its Scheme Document to Mariana Shareholders and (for information only) to principles in the Mariana Employee Equity Plans and holders of Mariana Warrants around mid-May, that both of the Guernsey Court Meeting and General Meeting of Mariana shareholders required to approve the Combination will be held around mid-June and that, provided the Combination is approved by Mariana Shareholders, the Guernsey Court should sanction the Combination in late June, subject to Court availability... .
http://www.minenportal.de/artikel.php?sid=200264&lang=en#Mar…
Sandstorm Gold Announces 2017 First Quarter Results http://www.newswire.ca/news-releases/sandstorm-gold-announce…
— First Quarter Highlights
Record attributable gold equivalent ounces sold1 of 15,558 ounces (Q1 2016 – 11,381 ounces);
Revenue of $18.8 million (Q1 2016 - $13.4 million);
Average cash cost per attributable gold equivalent ounce of $258 resulting in cash operating margins1 of $952 per ounce (Q1 2016 - $267 per ounce and $909 per ounce respectively);
Operating cash flow of $11.9 million (Q1 2016 – $9.7 million); and
Net income of $7.0 million (Q1 2016 – $13.2 million)... .
— Financial Results ...
Cash flow from operations was higher and net income was lower when compared to Q1 2016. The change in net income was primarily due to a decrease in gains recognized on the revaluation of the Company's investments. Specifically, a gain on revaluation of investments of $2.7 million was recognized during the first quarter of 2017 which was $10.7 million less than Q1 2016. This was offset by other factors including a $2.2 million gain resulting from the settlement of Luna debt, the 20% premium associated with Orezone exercising the repurchase option on the Bomboré royalty, as well as a $1.0 million decrease in finance expense, as the Company's revolving line of credit was fully repaid during 2016.
— First Quarter Highlights
Record attributable gold equivalent ounces sold1 of 15,558 ounces (Q1 2016 – 11,381 ounces);
Revenue of $18.8 million (Q1 2016 - $13.4 million);
Average cash cost per attributable gold equivalent ounce of $258 resulting in cash operating margins1 of $952 per ounce (Q1 2016 - $267 per ounce and $909 per ounce respectively);
Operating cash flow of $11.9 million (Q1 2016 – $9.7 million); and
Net income of $7.0 million (Q1 2016 – $13.2 million)... .
— Financial Results ...
Cash flow from operations was higher and net income was lower when compared to Q1 2016. The change in net income was primarily due to a decrease in gains recognized on the revaluation of the Company's investments. Specifically, a gain on revaluation of investments of $2.7 million was recognized during the first quarter of 2017 which was $10.7 million less than Q1 2016. This was offset by other factors including a $2.2 million gain resulting from the settlement of Luna debt, the 20% premium associated with Orezone exercising the repurchase option on the Bomboré royalty, as well as a $1.0 million decrease in finance expense, as the Company's revolving line of credit was fully repaid during 2016.
Sandstorm Gold: A Record-Breaking Quarter
Summary
Sandstorm Gold just reported one of its strongest quarters in its history.
The company benefitted from record gold equivalent ounces sold, low cash costs and higher gold prices... .
Sandstorm ended the quarter with $32 million in cash and cash equivalents, compared to $21.4 million last quarter, and zero debt; the company also owns $96.56 million worth of investments in various companies, including equity in Trek Mining, which was formed upon the merger of JDL Gold and Luna Gold.
Positive Developments
Sandstorm's strong production is mainly due to an increase in production coming from the Diavik royalty (62% increase compared to last year), new production from the Yamana Gold (NYSE:AUY) silver and copper streams, and production from the Karma gold stream. Primero Mining's (NYSE:PPP) Black Fox mine, the Bracemac McLeod mine and the Ming mine were also strong performers in Q1.
Other positive news came from Orezone Gold Corp., which decided to buy back its royalty on the Bombore project for $3.6 million, netting Sandstorm a 20% return on its original upfront payment. Sandstorm still owns a right of first refusal on any future stream or royalty financing related to the Bomboré gold project.
Another positive development: Metanor Resources announced the closing of two private placements totaling C$20 million, which included an investment Kirkland Lake Gold (OTCQX:KLGDF), a $1.4 billion Canadian gold miner. This is outstanding news for Sandstorm in my opinion; Sandstorm owns a 20% gold stream on the Bachelor Lake mine, as a well-capitalized Metanor has more funds for exploration and development. Kirkland Lake could very well be interested in taking over Metanor at some point in the future.
At Karma, Endeavour Mining (OTCQX:EDVMF) has announced an indicated resource of 314,000 ounces at the North Kao deposit, extending the mine life at Karma to beyond 10 years. The company is planning a $4 million exploration program in 2017... .
https://seekingalpha.com/article/4071003-sandstorm-gold-reco…
Summary
Sandstorm Gold just reported one of its strongest quarters in its history.
The company benefitted from record gold equivalent ounces sold, low cash costs and higher gold prices... .
Sandstorm ended the quarter with $32 million in cash and cash equivalents, compared to $21.4 million last quarter, and zero debt; the company also owns $96.56 million worth of investments in various companies, including equity in Trek Mining, which was formed upon the merger of JDL Gold and Luna Gold.
Positive Developments
Sandstorm's strong production is mainly due to an increase in production coming from the Diavik royalty (62% increase compared to last year), new production from the Yamana Gold (NYSE:AUY) silver and copper streams, and production from the Karma gold stream. Primero Mining's (NYSE:PPP) Black Fox mine, the Bracemac McLeod mine and the Ming mine were also strong performers in Q1.
Other positive news came from Orezone Gold Corp., which decided to buy back its royalty on the Bombore project for $3.6 million, netting Sandstorm a 20% return on its original upfront payment. Sandstorm still owns a right of first refusal on any future stream or royalty financing related to the Bomboré gold project.
Another positive development: Metanor Resources announced the closing of two private placements totaling C$20 million, which included an investment Kirkland Lake Gold (OTCQX:KLGDF), a $1.4 billion Canadian gold miner. This is outstanding news for Sandstorm in my opinion; Sandstorm owns a 20% gold stream on the Bachelor Lake mine, as a well-capitalized Metanor has more funds for exploration and development. Kirkland Lake could very well be interested in taking over Metanor at some point in the future.
At Karma, Endeavour Mining (OTCQX:EDVMF) has announced an indicated resource of 314,000 ounces at the North Kao deposit, extending the mine life at Karma to beyond 10 years. The company is planning a $4 million exploration program in 2017... .
https://seekingalpha.com/article/4071003-sandstorm-gold-reco…
OTTO ist zurück!!
5/9/17
Sandstorm (SAND) (SSL.to)
It's amazingly cheap right now. I actually read some dumbass sell side anal yst report this morning saying Osisko was comparatively better value than SAND. That author is either on drugs, dropping his underpants to Sean, or plain stupid.
5/9/17
Sandstorm (SAND) (SSL.to)
It's amazingly cheap right now. I actually read some dumbass sell side anal yst report this morning saying Osisko was comparatively better value than SAND. That author is either on drugs, dropping his underpants to Sean, or plain stupid.
5/11/17
Two days ago...
...on May 9th, your humble scribe wrote short'n'sweet positives on the price of gold...
"...if the drop stops around here, it could be a whole
lot of upside fun and frolics in the near future."
...and on Sandstorm...
"It's amazingly cheap right now."
...Gold (SSL.to) (SAND).
Two days later, gold did indeed bounce on that red line, is $10/oz higher and suddenly moving like a champ. Meanwhile SAND is up nearly 10% and making Doody look like the tool that he is. And let's be clear, SAND has only just started on its rebound move, there's a ton of upside left to come on this move. It may take a few weeks, the info lockdown at the company while its purchase of the AIM-listed MARL will make sure of that so you're not going to get much market pumperation in the meantime. But the savvier among you should love that, not hate it. Further questions?
@Otto
Two days ago...
...on May 9th, your humble scribe wrote short'n'sweet positives on the price of gold...
"...if the drop stops around here, it could be a whole
lot of upside fun and frolics in the near future."
...and on Sandstorm...
"It's amazingly cheap right now."
...Gold (SSL.to) (SAND).
Two days later, gold did indeed bounce on that red line, is $10/oz higher and suddenly moving like a champ. Meanwhile SAND is up nearly 10% and making Doody look like the tool that he is. And let's be clear, SAND has only just started on its rebound move, there's a ton of upside left to come on this move. It may take a few weeks, the info lockdown at the company while its purchase of the AIM-listed MARL will make sure of that so you're not going to get much market pumperation in the meantime. But the savvier among you should love that, not hate it. Further questions?
@Otto
The Undisclosed Potential Should Drive Sandstorm Gold's Value Up
Summary
Sandstorm Gold is not a typical streaming/royalty company; apart from a portfolio of streaming/royalty assets, the company holds three interesting equity stakes.
In this article, I am trying to value Sandstorm shares; however, the fair price disclosed in the final section should be perceived as the absolute minimum.
In my opinion, the non-operating assets may present the significant upside potential, which should drive up the company's value in the future... .
Mariana Resources
At the end of April 2017, Sandstorm announced a merger with Mariana Resources. Here are the main parameters of this transaction:
- Before the transaction, Sandstorm held 9.0M Mariana shares and Mariana warrants over 4.5M
Mariana shares
- After the transaction, Sandstorm will hold 100% of Mariana Resources
- To pay for Mariana shares, Sandstorm will issue 30.2M new shares and pay 43.3M in cash so the
deal is worth $153.2M (currently Sandstorm shares are trading at $3.64 a share)
- As a result, Sandstorm will control the Hot Maden gold project located in Turkey
In my opinion, Hot Maden is an excellent project. It is shared between Mariana (now Sandstorm) holding a 30% stake in the project and Lidya Madencilik, a Turkish company, holding 70%. Over eight years, Hot Maden should deliver 2.7M ounces of gold and 142.1 thousand tons of copper. To construct the mine, the consortium plans to spend $169.1M, of which 30% ($50.7M) is attributable to Sandstorm. I think the company should easily find this cash through public offering or through bank financing (which would be a better option)... .
Conclusion
Using a very conservative measures (large discount rates, valuing only operating streams and royalties, taking into account mineral reserves only, etc.), one share of Sandstorm is worth $4.20, at least.
Apart from operating and close to production assets, the company holds a large portfolio of assets that today are valued at zero (using my valuation model). These undisclosed assets surely have some upside potential. In my opinion, this potential may be huge, but today it would be too speculative to assign specific values to these assets.
However, if I am correct, this additional, hidden value should be disclosed over time. That is why Sandstorm shares will be included into my portfolio of up to 10 mining picks offered through my Marketplace service ("Unorthodox Mining Investing").
https://seekingalpha.com/article/4073867-undisclosed-potenti…
Summary
Sandstorm Gold is not a typical streaming/royalty company; apart from a portfolio of streaming/royalty assets, the company holds three interesting equity stakes.
In this article, I am trying to value Sandstorm shares; however, the fair price disclosed in the final section should be perceived as the absolute minimum.
In my opinion, the non-operating assets may present the significant upside potential, which should drive up the company's value in the future... .
Mariana Resources
At the end of April 2017, Sandstorm announced a merger with Mariana Resources. Here are the main parameters of this transaction:
- Before the transaction, Sandstorm held 9.0M Mariana shares and Mariana warrants over 4.5M
Mariana shares
- After the transaction, Sandstorm will hold 100% of Mariana Resources
- To pay for Mariana shares, Sandstorm will issue 30.2M new shares and pay 43.3M in cash so the
deal is worth $153.2M (currently Sandstorm shares are trading at $3.64 a share)
- As a result, Sandstorm will control the Hot Maden gold project located in Turkey
In my opinion, Hot Maden is an excellent project. It is shared between Mariana (now Sandstorm) holding a 30% stake in the project and Lidya Madencilik, a Turkish company, holding 70%. Over eight years, Hot Maden should deliver 2.7M ounces of gold and 142.1 thousand tons of copper. To construct the mine, the consortium plans to spend $169.1M, of which 30% ($50.7M) is attributable to Sandstorm. I think the company should easily find this cash through public offering or through bank financing (which would be a better option)... .
Conclusion
Using a very conservative measures (large discount rates, valuing only operating streams and royalties, taking into account mineral reserves only, etc.), one share of Sandstorm is worth $4.20, at least.
Apart from operating and close to production assets, the company holds a large portfolio of assets that today are valued at zero (using my valuation model). These undisclosed assets surely have some upside potential. In my opinion, this potential may be huge, but today it would be too speculative to assign specific values to these assets.
However, if I am correct, this additional, hidden value should be disclosed over time. That is why Sandstorm shares will be included into my portfolio of up to 10 mining picks offered through my Marketplace service ("Unorthodox Mining Investing").
https://seekingalpha.com/article/4073867-undisclosed-potenti…
Mariana Resources Ltd: 1st Quarter Results and Management Discussion and Analysis for the Period Ended 31 March 2017
http://www.minenportal.de/artikel.php?sid=202579&lang=en#Mar…
http://www.minenportal.de/artikel.php?sid=202579&lang=en#Mar…
http://www.usfunds.com/in-the-news/finding-opportunity-in-th…
Finding Opportunity in the Gold Space
In a recent interview with Rachel Lee of Small Cap Power, Frank Holmes discusses his macro view of the gold market, but also touches on a few specific pieces of news in the gold mining space. For starters, Frank talks about the rebalance of the VanEck Vectors Junior Gold Miners ETF (GDXJ) and why this has been both a disruption and an opportunity for investors and fund managers. In addition, Frank chats about a few quality, small-cap gold names he’s looking at right now and what makes them special.
Finding Opportunity in the Gold Space
In a recent interview with Rachel Lee of Small Cap Power, Frank Holmes discusses his macro view of the gold market, but also touches on a few specific pieces of news in the gold mining space. For starters, Frank talks about the rebalance of the VanEck Vectors Junior Gold Miners ETF (GDXJ) and why this has been both a disruption and an opportunity for investors and fund managers. In addition, Frank chats about a few quality, small-cap gold names he’s looking at right now and what makes them special.
Osisko Gold Royalties kaufen Stream und Royalties, der Kurs steigt. Sandstorm kauft S&R, die Aktie fällt. Ich würde umsteigen.
Sehr interessant, wurde leider noch nicht gepostet:
Sandstorm warrants
Before the game is afoot, thou still let'st slip. Check out the action in Sandstorm Gold warrants:
In the last couple of days SSL-WT.to is up a very lot on the biggest volume spike they've seen in a year and...at the same time the SAND stock price has hardly moved.
@Otto
Sandstorm warrants
Before the game is afoot, thou still let'st slip. Check out the action in Sandstorm Gold warrants:
In the last couple of days SSL-WT.to is up a very lot on the biggest volume spike they've seen in a year and...at the same time the SAND stock price has hardly moved.
@Otto
by @newswire on June 9, 2017
S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices
Results of the Quarterly Review of the S&P/TSX Composite Index
TORONTO, June 9, 2017 /CNW/ - S&P Dow Jones Indices Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices effective prior to the open on Monday, June 19, 2017:
...
S&P/TSX COMPOSITE HIGH BETA INDEX
ADDITIONS
Issue Name Symbol
Paramount Resources Ltd. POU
Raging River Exploration Inc. RRX
Sandstorm Gold Ltd. SSL ...
https://ceo.ca/@newswire/sp-dow-jones-indices-announces-chan…
S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices
Results of the Quarterly Review of the S&P/TSX Composite Index
TORONTO, June 9, 2017 /CNW/ - S&P Dow Jones Indices Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices effective prior to the open on Monday, June 19, 2017:
...
S&P/TSX COMPOSITE HIGH BETA INDEX
ADDITIONS
Issue Name Symbol
Paramount Resources Ltd. POU
Raging River Exploration Inc. RRX
Sandstorm Gold Ltd. SSL ...
https://ceo.ca/@newswire/sp-dow-jones-indices-announces-chan…
6/13/17
The Sandstorm (SAND) (SSL.to) rally continues
Sandstorm ignoring the weakness in the gold price this morning and pushing higher again. Oversold on the GDXJ rebalance fiasco, SAND is starting to return to a more reasonable level. First stop U$4-handle, but there's plenty left in the tank on its fundies. This chart compares SAND to the gold and silver index (XAU) to underscore the recent alpha-
Credit to those who ignored that blithering idiot Doody, anyone who's visited Hot Maden knows Watson has got the bargain of a lifetime.
@Otto
The Sandstorm (SAND) (SSL.to) rally continues
Sandstorm ignoring the weakness in the gold price this morning and pushing higher again. Oversold on the GDXJ rebalance fiasco, SAND is starting to return to a more reasonable level. First stop U$4-handle, but there's plenty left in the tank on its fundies. This chart compares SAND to the gold and silver index (XAU) to underscore the recent alpha-
Credit to those who ignored that blithering idiot Doody, anyone who's visited Hot Maden knows Watson has got the bargain of a lifetime.
@Otto
Sandstorm Gold Announces Closing Of Mariana Acquisition, Adds Hot Maden Interest To Royalty Portfolio
Vancouver, British Columbia | July 3, 2017
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) is pleased to announce that the Scheme of Arrangement (the “Scheme”) to acquire Mariana Resources Limited (“Mariana”) has become effective in accordance with its terms, following the sanction of the Scheme by the Guernsey Court on June 26, 2017 and the delivery of the sanction court order to the Guernsey Registry earlier today. Accordingly, the acquisition has been completed and Mariana has become a wholly owned subsidiary of Sandstorm.
Under the terms of the Scheme, Scheme shareholders on the register at the Scheme Record Time, being 5.00 p.m. (London time) on June 28, 2017 will receive 0.2573 Sandstorm shares and 28.75 pence in cash for each Scheme share held, subject to rounding for fractional entitlements. Sandstorm has made applications to the Toronto Stock Exchange and NYSE MKT for the new Sandstorm shares to be admitted to trading and such admission is expected to occur within 14 days. The total consideration paid was approximately US$175 million including 32,832,813 new Sandstorm shares issued under the Scheme (at a price of US$3.87 as of the close of trading on June 30, 2017) and cash consideration of approximately US$48 million.
TRANSACTION HIGHLIGHTS
100% increase in production for 19% dilution;
Hot Maden anchor asset is expected to increase the Company’s attributable gold equivalent ounces to more than 135,000 by 2022, increasing operating cash flow to more than US$100 million (based on a US$1,250 per ounce gold price).
Hot Maden is a high-grade, low-cost asset with significant exploration upside;
Preliminary Economic Assessment (effective date of March 1, 2017) projects after-tax NPV and IRR of US$1.37 billion and 153% respectively (100% basis) with estimated all-in-sustaining costs of less than $400 per gold equivalent ounce.
Indicated Mineral Resource of 3.43 million gold equivalent ounces (7.1 million tonnes at 12.2 grams per tonne gold and 2.3% copper) is based on approximately 15,000 metres of drilling from 52 drill holes using a 0.2 gram per tonne gold equivalent cut-off. More than 60 drill holes have been completed subsequent to the release of the Indicated Resource estimate, with many assay results returning significant mineralization.
Total land package is 74 km2 in size with the current focus being a 7 kilometre alteration zone. The majority of the exploration drilling has been over 1 kilometre of the alternation zone and several exploration targets have been identified along strike and parallel to the identified orebody.
Majority operator Lidya Madencilik Sanayi ve Ticaret A.S. (“Lidya”) is a strong local partner with experience exploring, developing, permitting and operating projects in Turkey.
Lidya is part of a large Turkish conglomerate called Çalik Holding and is currently partnered with Alacer Gold Corp. on several projects in Turkey including the producing Çöpler mine and the development-stage Gediktepe and Kartaltepe projects.
Acquisition of Mariana includes exploration properties in Côte d’Ivoire, Turkey, and Argentina. Sandstorm has begun the process to spin-out the exploration properties into a separate public company and will retain net smelter return royalties as well as equity in the spin-out. The spin-out process is expected to be completed within 6 to 12 months and has the potential to add incremental value to the acquisition.
For additional information and management commentary on Hot Maden and the Mariana acquisition, visit http://www.sandstormgold.com/hot-maden-acquisition.
Sandstorm’s President & CEO, Nolan Watson remarked, “Today is an exciting day for Sandstorm shareholders as this deal is truly transformative for the Company. Hot Maden is one of the highest grade undeveloped projects in the world and will add high-margin ounces to Sandstorm’s production profile. Opportunities to acquire anchor assets like Hot Maden are rare and with the exploration potential that we see on the property, we anticipate that our 30% interest will continue to grow in value over time.”
Watson added, “Now that the transaction is closed and we are no longer under the marketing restrictions imposed by the U.K. Takeover Code, we are glad to be able to speak more candidly about Hot Maden and the impact that it will have on Sandstorm’s future growth. Encouragingly, a number of high-profile institutional investors have been building positions in the Company including multi-billion dollar asset managers like Blackrock, Fidelity, MAN GLG, and Setanta Asset Management.”
“We are fortunate to be in a strong financial position with no debt, cash on the balance sheet and an undrawn $110 million credit facility available to us. In the short-term we intend to buy-back our shares but we are also working on a number of acquisition opportunities in order to continue to grow the Company. I encourage all of you to join our upcoming webcast as we will be providing a thorough review of the acquisition rationale and Sandstorm’s plans to continue building shareholder value.”
WEBCAST AND CONFERENCE CALL DETAILS
A conference call will be held on Thursday, July 6, 2017 starting at 8:00am PDT to further discuss the acquisition. To participate in the conference call and question and answer period, use the following dial-in numbers and conference ID, or join the webcast using the link below:
Local/International: (+1) 416 764 8688
North American Toll-Free: (+1) 888 390 0546
Conference ID: 90936462
Webcast URL: http://ow.ly/1bm530dc7ts
http://sandstormgold.com/hot-maden-acquisition/
gute videos noch dabei
jetzt ist eigentlich der top zeitpunkt sich paar shares zu schnappen. aquisition abgeschlossen, asset manager kaufen, gold nochmals gut gefallen und sandstorm kauft kurzfristig shares zurück
Vancouver, British Columbia | July 3, 2017
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) is pleased to announce that the Scheme of Arrangement (the “Scheme”) to acquire Mariana Resources Limited (“Mariana”) has become effective in accordance with its terms, following the sanction of the Scheme by the Guernsey Court on June 26, 2017 and the delivery of the sanction court order to the Guernsey Registry earlier today. Accordingly, the acquisition has been completed and Mariana has become a wholly owned subsidiary of Sandstorm.
Under the terms of the Scheme, Scheme shareholders on the register at the Scheme Record Time, being 5.00 p.m. (London time) on June 28, 2017 will receive 0.2573 Sandstorm shares and 28.75 pence in cash for each Scheme share held, subject to rounding for fractional entitlements. Sandstorm has made applications to the Toronto Stock Exchange and NYSE MKT for the new Sandstorm shares to be admitted to trading and such admission is expected to occur within 14 days. The total consideration paid was approximately US$175 million including 32,832,813 new Sandstorm shares issued under the Scheme (at a price of US$3.87 as of the close of trading on June 30, 2017) and cash consideration of approximately US$48 million.
TRANSACTION HIGHLIGHTS
100% increase in production for 19% dilution;
Hot Maden anchor asset is expected to increase the Company’s attributable gold equivalent ounces to more than 135,000 by 2022, increasing operating cash flow to more than US$100 million (based on a US$1,250 per ounce gold price).
Hot Maden is a high-grade, low-cost asset with significant exploration upside;
Preliminary Economic Assessment (effective date of March 1, 2017) projects after-tax NPV and IRR of US$1.37 billion and 153% respectively (100% basis) with estimated all-in-sustaining costs of less than $400 per gold equivalent ounce.
Indicated Mineral Resource of 3.43 million gold equivalent ounces (7.1 million tonnes at 12.2 grams per tonne gold and 2.3% copper) is based on approximately 15,000 metres of drilling from 52 drill holes using a 0.2 gram per tonne gold equivalent cut-off. More than 60 drill holes have been completed subsequent to the release of the Indicated Resource estimate, with many assay results returning significant mineralization.
Total land package is 74 km2 in size with the current focus being a 7 kilometre alteration zone. The majority of the exploration drilling has been over 1 kilometre of the alternation zone and several exploration targets have been identified along strike and parallel to the identified orebody.
Majority operator Lidya Madencilik Sanayi ve Ticaret A.S. (“Lidya”) is a strong local partner with experience exploring, developing, permitting and operating projects in Turkey.
Lidya is part of a large Turkish conglomerate called Çalik Holding and is currently partnered with Alacer Gold Corp. on several projects in Turkey including the producing Çöpler mine and the development-stage Gediktepe and Kartaltepe projects.
Acquisition of Mariana includes exploration properties in Côte d’Ivoire, Turkey, and Argentina. Sandstorm has begun the process to spin-out the exploration properties into a separate public company and will retain net smelter return royalties as well as equity in the spin-out. The spin-out process is expected to be completed within 6 to 12 months and has the potential to add incremental value to the acquisition.
For additional information and management commentary on Hot Maden and the Mariana acquisition, visit http://www.sandstormgold.com/hot-maden-acquisition.
Sandstorm’s President & CEO, Nolan Watson remarked, “Today is an exciting day for Sandstorm shareholders as this deal is truly transformative for the Company. Hot Maden is one of the highest grade undeveloped projects in the world and will add high-margin ounces to Sandstorm’s production profile. Opportunities to acquire anchor assets like Hot Maden are rare and with the exploration potential that we see on the property, we anticipate that our 30% interest will continue to grow in value over time.”
Watson added, “Now that the transaction is closed and we are no longer under the marketing restrictions imposed by the U.K. Takeover Code, we are glad to be able to speak more candidly about Hot Maden and the impact that it will have on Sandstorm’s future growth. Encouragingly, a number of high-profile institutional investors have been building positions in the Company including multi-billion dollar asset managers like Blackrock, Fidelity, MAN GLG, and Setanta Asset Management.”
“We are fortunate to be in a strong financial position with no debt, cash on the balance sheet and an undrawn $110 million credit facility available to us. In the short-term we intend to buy-back our shares but we are also working on a number of acquisition opportunities in order to continue to grow the Company. I encourage all of you to join our upcoming webcast as we will be providing a thorough review of the acquisition rationale and Sandstorm’s plans to continue building shareholder value.”
WEBCAST AND CONFERENCE CALL DETAILS
A conference call will be held on Thursday, July 6, 2017 starting at 8:00am PDT to further discuss the acquisition. To participate in the conference call and question and answer period, use the following dial-in numbers and conference ID, or join the webcast using the link below:
Local/International: (+1) 416 764 8688
North American Toll-Free: (+1) 888 390 0546
Conference ID: 90936462
Webcast URL: http://ow.ly/1bm530dc7ts
http://sandstormgold.com/hot-maden-acquisition/
gute videos noch dabei
jetzt ist eigentlich der top zeitpunkt sich paar shares zu schnappen. aquisition abgeschlossen, asset manager kaufen, gold nochmals gut gefallen und sandstorm kauft kurzfristig shares zurück
Sandstorm Gold Announces Q2 Production Numbers And Hot Maden Drill Results, Amends NCIB
Vancouver, British Columbia | July 5, 2017
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) is pleased to announce that the Company has sold approximately 12,700 attributable gold equivalent ounces1 during the second quarter of 2017. In addition, new high grade gold-copper intercepts from ongoing diamond drilling at the Hot Maden project in north east Turkey (“Hot Maden”) have been reported and continue to confirm the internal continuity of gold-copper mineralisation within the Main Zone resource area and verify the additional resource potential south of the main deposit. Sandstorm has also amended its Normal Course Issuer Bid (“NCIB”) to allow for the purchase of its common shares through the facilities of the NYSE MKT or alternative trading platforms in the U.S.A., in accordance with U.S. federal securities laws and as further described herein.
Hot Maden Drill Results
The Hot Maden assay results have been reported from two drill holes. HTD–111 is a step-out core hole drilled along the southwest side of the southern zone and HTD-128 is an infill core hole drilled within the Main Zone. Highlights from these drill results include:
HTD-111: 26.0 meters @ 4.4 g/t gold and 0.57% copper
HTD-128: 105.5 meters @ 17.4 g/t gold and 2.34% copper
As of July 3, 2017, the total amount of drilling for the year stood at 14,286 metres completed in 40 holes, with three additional holes in progress.
The Toronto Stock Exchange (“TSX”) has accepted the Company’s amended notice (the “Amended NCIB Notice”) with respect to the Company’s NCIB which was originally approved by the TSX on March 31, 2017 and pursuant to which Sandstorm may purchase up to a maximum of 7,597,730 of its common shares over a 12-month period in accordance with TSX rules and applicable securities laws. Pursuant to the Amended NCIB Notice, purchases under the Company’s NCIB have now been extended to include the ability by the Company to also purchase its common shares through the facilities of the NYSE MKT or alternative trading platforms in the U.S.A. Purchases made by the Company through its broker over the NYSE MKT or such alternative trading platforms will be made in open market transactions at prevailing market prices or by other means in accordance with applicable U.S. federal securities laws.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Vancouver, British Columbia | July 5, 2017
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) is pleased to announce that the Company has sold approximately 12,700 attributable gold equivalent ounces1 during the second quarter of 2017. In addition, new high grade gold-copper intercepts from ongoing diamond drilling at the Hot Maden project in north east Turkey (“Hot Maden”) have been reported and continue to confirm the internal continuity of gold-copper mineralisation within the Main Zone resource area and verify the additional resource potential south of the main deposit. Sandstorm has also amended its Normal Course Issuer Bid (“NCIB”) to allow for the purchase of its common shares through the facilities of the NYSE MKT or alternative trading platforms in the U.S.A., in accordance with U.S. federal securities laws and as further described herein.
Hot Maden Drill Results
The Hot Maden assay results have been reported from two drill holes. HTD–111 is a step-out core hole drilled along the southwest side of the southern zone and HTD-128 is an infill core hole drilled within the Main Zone. Highlights from these drill results include:
HTD-111: 26.0 meters @ 4.4 g/t gold and 0.57% copper
HTD-128: 105.5 meters @ 17.4 g/t gold and 2.34% copper
As of July 3, 2017, the total amount of drilling for the year stood at 14,286 metres completed in 40 holes, with three additional holes in progress.
The Toronto Stock Exchange (“TSX”) has accepted the Company’s amended notice (the “Amended NCIB Notice”) with respect to the Company’s NCIB which was originally approved by the TSX on March 31, 2017 and pursuant to which Sandstorm may purchase up to a maximum of 7,597,730 of its common shares over a 12-month period in accordance with TSX rules and applicable securities laws. Pursuant to the Amended NCIB Notice, purchases under the Company’s NCIB have now been extended to include the ability by the Company to also purchase its common shares through the facilities of the NYSE MKT or alternative trading platforms in the U.S.A. Purchases made by the Company through its broker over the NYSE MKT or such alternative trading platforms will be made in open market transactions at prevailing market prices or by other means in accordance with applicable U.S. federal securities laws.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
das management kauft aktien am markt ein
Jul 7/17 Jul 7/17 Watson, Nolan Allan Direct Ownership Common Shares 10 - Acquisition in the public market 20,000 $4.98
Jul 7/17 Jul 7/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 2,500 $4.92
Jul 7/17 Jul 7/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 6,000 $4.95
Jul 7/17 Jul 7/17 Watson, Nolan Allan Direct Ownership Common Shares 10 - Acquisition in the public market 20,000 $4.98
Jul 7/17 Jul 7/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 2,500 $4.92
Jul 7/17 Jul 7/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 6,000 $4.95
Sandstorm Gold Files Early Warning Report
Thu August 24, 2017 8:30 AM|PR Newswire|About: SAND
VANCOUVER, Aug. 24, 2017 /PRNewswire/ - Pursuant to National Instrument 62-103 - The Early Warning System and Related Take Over Bid and Insider Reporting Issues, Sandstorm Gold Ltd. (SAND) is announcing the disposition of 10,755,170 common shares of Mason Resources Corp. ("Mason") for gross proceeds of C$2.8 million, which reduces Sandstorm's holdings of Mason common shares to zero. Sandstorm still holds 0.2 million share purchase warrants of Mason which if exercised would result in Sandstorm holding 0.26% of the then issued and outstanding Mason shares (on a partially diluted basis).
The early warning report, as required under National Instrument 62-103, contains additional information with respect to the foregoing matters and will be filed by the Company on Mason's SEDAR profile at www.sedar.com. To request a copy of the early warning report you can contact the Company using the contact information below.
The sale of Mason shares represents a continuation of Sandstorm's strategy to monetize non-core assets in order to fund the acquisition of streams and royalties.
Thu August 24, 2017 8:30 AM|PR Newswire|About: SAND
VANCOUVER, Aug. 24, 2017 /PRNewswire/ - Pursuant to National Instrument 62-103 - The Early Warning System and Related Take Over Bid and Insider Reporting Issues, Sandstorm Gold Ltd. (SAND) is announcing the disposition of 10,755,170 common shares of Mason Resources Corp. ("Mason") for gross proceeds of C$2.8 million, which reduces Sandstorm's holdings of Mason common shares to zero. Sandstorm still holds 0.2 million share purchase warrants of Mason which if exercised would result in Sandstorm holding 0.26% of the then issued and outstanding Mason shares (on a partially diluted basis).
The early warning report, as required under National Instrument 62-103, contains additional information with respect to the foregoing matters and will be filed by the Company on Mason's SEDAR profile at www.sedar.com. To request a copy of the early warning report you can contact the Company using the contact information below.
The sale of Mason shares represents a continuation of Sandstorm's strategy to monetize non-core assets in order to fund the acquisition of streams and royalties.
SANDSTORM GOLD ANNOUNCES AMENDMENT TO BACHELOR LAKE GOLD STREAM
Vancouver, British Columbia | September 18, 2017
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) has amended the Bachelor Lake gold stream with Metanor Resources Inc. (“Metanor”). Beginning October 1, 2017, Sandstorm will purchase 20% of the gold produced from the Bachelor Lake mine at an ongoing cost of $500 per ounce, until 12,000 ounces of gold have been purchased by the Company at which time the gold stream will convert into a 3.9% net smelter returns (“NSR”) royalty. Metanor has agreed to sell a minimum of 1,500 ounces of gold to Sandstorm on a quarterly basis until the 12,000 ounce threshold has been reached.
For consideration of the gold stream amendment, Sandstorm will also receive:
a 3.9% NSR royalty on Metanor’s Barry project; and
US$2.0 million in Metanor common shares. Based on the 20-day volume weighted average share price of Metanor on the TSX Venture Exchange the number of common shares to be issued will be 3.16 million.
Metanor may elect to reduce the 3.9% NSR royalty on the Bachelor Lake or Barry projects by making a US$2.0 million payment to Sandstorm in each case (the “Purchase Option”). Upon exercising either of the Purchase Options, the Sandstorm NSR royalty will decrease to 1.8%.
Sandstorm’s President & CEO Nolan Watson remarked, “During 2017, Metanor has undergone a major restructuring with goals to achieve sustainable production at Bachelor and to effectively develop their Barry project. As part of the restructuring process, new shareholders have come in, the company has been recapitalized and there have been changes at the management and board level. The gold stream amendment is another step in Metanor’s progression and I think the structure that we’ve agreed to makes sense for both companies.”
Watson continued, “From a Sandstorm perspective we maintain meaningful exposure to production from Bachelor while adding a royalty on the Barry project, an advanced exploration-stage asset located in the emerging Urban-Barry camp.”
Vancouver, British Columbia | September 18, 2017
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) has amended the Bachelor Lake gold stream with Metanor Resources Inc. (“Metanor”). Beginning October 1, 2017, Sandstorm will purchase 20% of the gold produced from the Bachelor Lake mine at an ongoing cost of $500 per ounce, until 12,000 ounces of gold have been purchased by the Company at which time the gold stream will convert into a 3.9% net smelter returns (“NSR”) royalty. Metanor has agreed to sell a minimum of 1,500 ounces of gold to Sandstorm on a quarterly basis until the 12,000 ounce threshold has been reached.
For consideration of the gold stream amendment, Sandstorm will also receive:
a 3.9% NSR royalty on Metanor’s Barry project; and
US$2.0 million in Metanor common shares. Based on the 20-day volume weighted average share price of Metanor on the TSX Venture Exchange the number of common shares to be issued will be 3.16 million.
Metanor may elect to reduce the 3.9% NSR royalty on the Bachelor Lake or Barry projects by making a US$2.0 million payment to Sandstorm in each case (the “Purchase Option”). Upon exercising either of the Purchase Options, the Sandstorm NSR royalty will decrease to 1.8%.
Sandstorm’s President & CEO Nolan Watson remarked, “During 2017, Metanor has undergone a major restructuring with goals to achieve sustainable production at Bachelor and to effectively develop their Barry project. As part of the restructuring process, new shareholders have come in, the company has been recapitalized and there have been changes at the management and board level. The gold stream amendment is another step in Metanor’s progression and I think the structure that we’ve agreed to makes sense for both companies.”
Watson continued, “From a Sandstorm perspective we maintain meaningful exposure to production from Bachelor while adding a royalty on the Barry project, an advanced exploration-stage asset located in the emerging Urban-Barry camp.”
Tsodilo Resources Limited and Sandstorm Gold Ltd Enter Into Royalty Agreements
Toronto, Ontario (FSCwire) - Tsodilo Resources Limited (“Tsodilo” or the “Company”) (TSX-Venture Exchange: TSD) is pleased to announce that it has reached an agreement with Sandstorm Gold Ltd. (“Sandstorm”) (NYSE MKT: SAND, TSX: SSL) to grant royalties on three projects in consideration of the payment of $1,500,000 USD.
The package of assets in the Royalty Sale includes:
the grant of a 1% NSR on the Company’s wholly owned Botswana subsidiary Gcwihaba Resources (Pty) Ltd. prospecting metal licenses in northwest Botswana;
the grant of a 1% GPR on the Company’s Botswana wholly owned subsidiary Bosoto (Pty) Ltd. precious stone prospecting license (PL217/2016) located in the Orapa Kimberlite Field; and,
the grant of a 1% NSR on the Company’s 70% owned South African subsidiary Idada 361 (Pty) Ltd. gold and silver prospecting license located in the Barberton Greenstone Belt in the Mpumalanga province of South Africa.
Sandstorm shall have a right of first refusal with respect to any third-party bona fide offers to purchase a metal or precious stone royalty on the properties.
Proceeds from the Royalty Sale will be used for exploration and general corporate purposes.
James M. Bruchs, Chairman and CEO of Tsodilo commented: “We are extremely pleased to have signed these agreements with Sandstorm. The agreements represent and attractive source of funding for Tsodilo allowing us to fund our exploration activities while still giving Tsodilo shareholders full upside exposure to our projects.”
About Sandstrom Gold Ltd: Sandstorm Gold Ltd. is a gold royalty company. Sandstorm provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine. Sandstorm has acquired a portfolio of 163 streams and royalties, of which 20 of the underlying mines are producing. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold royalties.
Toronto, Ontario (FSCwire) - Tsodilo Resources Limited (“Tsodilo” or the “Company”) (TSX-Venture Exchange: TSD) is pleased to announce that it has reached an agreement with Sandstorm Gold Ltd. (“Sandstorm”) (NYSE MKT: SAND, TSX: SSL) to grant royalties on three projects in consideration of the payment of $1,500,000 USD.
The package of assets in the Royalty Sale includes:
the grant of a 1% NSR on the Company’s wholly owned Botswana subsidiary Gcwihaba Resources (Pty) Ltd. prospecting metal licenses in northwest Botswana;
the grant of a 1% GPR on the Company’s Botswana wholly owned subsidiary Bosoto (Pty) Ltd. precious stone prospecting license (PL217/2016) located in the Orapa Kimberlite Field; and,
the grant of a 1% NSR on the Company’s 70% owned South African subsidiary Idada 361 (Pty) Ltd. gold and silver prospecting license located in the Barberton Greenstone Belt in the Mpumalanga province of South Africa.
Sandstorm shall have a right of first refusal with respect to any third-party bona fide offers to purchase a metal or precious stone royalty on the properties.
Proceeds from the Royalty Sale will be used for exploration and general corporate purposes.
James M. Bruchs, Chairman and CEO of Tsodilo commented: “We are extremely pleased to have signed these agreements with Sandstorm. The agreements represent and attractive source of funding for Tsodilo allowing us to fund our exploration activities while still giving Tsodilo shareholders full upside exposure to our projects.”
About Sandstrom Gold Ltd: Sandstorm Gold Ltd. is a gold royalty company. Sandstorm provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine. Sandstorm has acquired a portfolio of 163 streams and royalties, of which 20 of the underlying mines are producing. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold royalties.
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SANDSTORM GOLD ANNOUNCES THIRD QUARTER PRODUCTION NUMBERS, PROVIDES ASSET UPDATES
Vancouver, British Columbia | October 2, 2017
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) is pleased to report the attributable gold equivalent ounces sold during the third quarter of 2017 and recent updates from the Company’s royalty properties.
SANDSTORM SELLS 14,290 GOLD EQUIVALENT OUNCES IN Q3
Sandstorm sold approximately 14,290 gold equivalent ounces during the third quarter of 2017, the second highest quarterly total in Company history. The attributable gold equivalent ounces were delivered from 20 royalty assets.
During the first 9 months of 2017 Sandstorm has sold approximately 42,600 gold equivalent ounces, consistent with the Company’s sales forecast for the 2017 year of between 50,000 and 55,000 gold equivalent ounces. The Company is forecasting attributable gold equivalent production of approximately 130,000 ounces per annum in 2022.
Sandstorm President and CEO Nolan Watson commented, “I’m glad to report that after three quarters we are on track to meet our stated production guidance for the year. Our royalty portfolio has reached a critical mass and is generating reliable cash flow from our producing assets and there are a number of exciting projects being developed and explored.”
ASSET HANDBOOK NOW AVAILABLE
Sandstorm has compiled a comprehensive resource to allow for investors to better familiarize themselves with the Company’s royalty portfolio. Version one of the Asset Handbook is now available and includes detailed information on Sandstorm’s producing and development-stage royalty assets. Subsequent versions of the handbook will include a discussion of the exploration properties.
The Asset Handbook is available on the Sandstorm website at www.sandstormgold.com.
ROYALTIES ACQUIRED FROM TSODILO RESOURCES
Sandstorm has acquired three royalties from Tsodilo Resources Ltd. (“Tsodilo”) on properties located in Botswana and South Africa. The royalties were purchased for US$1.5 million and cover more than 1,000,000 hectares of property. The royalty assets include:
a 1% net smelter returns (“NSR”) royalty on the 892,690 hectare Gcwihaba prospecting metal licenses in northwest Botswana;
a 1% gross proceeds royalty on the 58,000 hectare Bosoto PL217 precious stone prospecting license located in the Orapa Kimberlite Field; and
a 1% NSR on the 9,030 hectare Idada gold and silver prospecting license located in the Barberton Greenstone Belt in the Mpumalanga province of South Africa.
For more information visit the Tsodilo website at www.tsodiloresources.com and see the press release dated September 26, 2017.
YAMANA PROVIDES EXPLORATION UPDATES AT CERRO MORO AND CHAPADA
Yamana Gold Inc. (“Yamana”) provided an update on its exploration programs at the Cerro Moro gold-silver project in Argentina and the Chapada gold-copper mine in Brazil.
Cerro Moro
Exploration activities at Cerro Moro have focused on Mineral Resource discovery as part of a four-year program with the goal to extend the operational mine life by adding one million new gold equivalent ounces to the Mineral Resource inventory. The 2017 US$8 million dollar budget includes funding for a 35,000 metre infill and exploration program to test down dip extensions to known mineral shoots with the objective of upgrading Inferred Mineral Resources to Indicated Mineral Resource status and to ultimately add new Mineral Reserves. Drilling to infill and extend targets within the known Escondida-Zoe vein system have yielded encouraging results including:
MD2263: 1.4 metres of 44.7 grams per tonne ("g/t") gold and 2,627.0 g/t silver from 215.6 metres and 2.5 metres of 21.6 g/t gold and 821.4 g/t from 226.5 metres; and
MD2273: 2.2 metres of 119.8 g/t gold and 3,059.9 g/t silver from 228.1 metres.
A 1,500 metre mineralized structure has been outlined that links the Esperanza and Escondida northwest mineral systems, and follow up drilling indicates mineralization remains open along strike and down dip, all of which suggests that further drilling should result in increases to Mineral Resources.
Beginning in 2019, Sandstorm has a silver stream agreement to purchase an amount of silver from Cerro Moro equal to 20% of the silver produced, up to a maximum of 1.2 million ounces of silver annually, until Yamana has delivered to Sandstorm 7.0 million ounces of silver, then 9.0% of the silver produced thereafter for the life of the mine. Sandstorm will make ongoing payments for each ounce of silver received, equal to 30% of the spot price per ounce of silver.
Exploration drill hole assay results for Cerro Moro includes all holes completed with results above 3.3 g/t AuEq. AuEq is calculated as g/t Au + (g/t Ag)/66.4. True widths not known at this time.
Chapada
Exploration efforts at Chapada have concentrated on increasing Mineral Reserves and Resources by testing near mine and district targets that include Baru, Suruca, Buriti and Formiga. A map of the targets is available at http://files.newswire.ca/1563/1102669_figure-1.jpg.
The Baru target is a northeast to southwest trending mineral body adjacent to the north wall of the main Chapada pit. Exploration at Baru has identified a near surface, high grade core and studies are underway to review a larger open pit scenario at Chapada that includes the Baru and nearby Sucupria deposit.
At Suruca, an infill drill program was completed to define a near surface gold oxide deposit for open pit heap leach extraction and recent exploration has been focused on drill testing the copper-gold sulphide portion of the mineral body to the southwest, known as Suruca Southwest. Drilling has discovered a higher grade core, within broader zones of more modest grade copper and gold mineralization, that is at or above current life of mine grades with metallurgy similar to the Chapada deposit. Drill results include:
SU-941: 98.0 metres of 0.2 g/t gold and 0.18% copper from 70.0 metres including 13.0 metres of 0.4 g/t gold and 0.32% copper;
SU-943: 104.6 metres of 0.2 g/t gold and 0.20% copper from 46.4 metres including 21.9 metres of 0.3 g/t gold, 0.26% copper from 55.0 metres and 16.7 metres of 0.4 g/t gold and 0.40% copper from 114.4 metres; and
SU-963: 73.0 metres of 0.3 g/t gold, 0.24% copper from 63.0 metres including 20.6 metres of 0.6 g/t gold and 0.39% copper from 96.0 metres.
New copper-gold mineralization was also identified three kilometres from the Chapada mine at the Buriti target which adds another near surface discovery at Chapada. The mineralization is identified over a two kilometre strike length with modest grade copper gold near surface. The mineralized intercepts at Buriti range from 17.0 metres to 58.0 metres down the hole.
Drill testing at the Formiga target, 14 kilometres to the north of Chapada, has identified three distinct pods of high grade copper and gold mineralization that are under evaluation for further development. The deposits are all near surface and have the potential to generate Indicated Mineral Resources in 2017.
Sandstorm has a copper stream agreement to purchase 4.2% of the copper produced at Chapada up to a maximum of 3.9 million pounds annually. When Yamana has delivered 39 million pounds of copper to Sandstorm, the copper stream will reduce to 3.0%. Once 50 million pounds of copper have been delivered to Sandstorm on a cumulative basis, the stream will reduce to 1.5% of the copper produced for the life of the mine. Sandstorm will make ongoing payments for each pound of copper purchased equal to 30% of the spot price of copper.
A 0.25% CuEq cut-off grade was applied to all assays received from the Suruca Southwest target. CuEq is equal to % Cu + (g/t Au x 0.504). True widths not known at this time. For more information and for complete drill results visit the Yamana website at www.yamana.com and see the press release dated September 25, 2017.
COLUMBUS GOLD ENTERS INTO FORMAL JV WITH NORDGOLD TO DEVELOP MONTAGNE D’OR, PRODUCTION DECISION EXPECTED IN DEC. 2017
Columbus Gold Corp. (“Columbus”) has signed a Shareholder Agreement and entered into a formal joint venture with Nord Gold SE (“Nordgold”) with respect to the management and development of the Montagne d’Or gold deposit located in French Guiana. Under the terms of the joint venture, Nordgold is the project operator and a mine construction decision deadline was set for December 18, 2017.
Sandstorm has a 1.0% NSR royalty on the Montagne d’Or project.
For more information visit the Columbus website at www.columbusgoldcorp.com and see the press release dated September 26, 2017.
CANADIAN ZINC ANNOUNCES FEASIBILITY STUDY RESULTS FOR THE PRAIRIE CREEK MINE, RECEIVES APPROVAL FOR ALL SEASON ROAD
Canadian Zinc Corporation (“Canadian Zinc”) has reported preliminary results from a Feasibility Study on its Prairie Creek Zinc-Lead-Silver project in the Northwest Territories, Canada. The study evaluated a 1,600 tonne per day underground mining operation that will process 8.1 million tonnes of Mineral Reserve material over a 15 year mine life. Average annual production is estimated to be 65,000 tonnes of zinc concentrate and 72,000 tonnes of lead concentrate containing 95 million pounds of zinc, 105 million pounds of lead and 2.1 million ounces of silver. The Feasibility Study indicates a base case Pre-Tax Net Present Value (“NPV”) of US$344 million using an 8% discount rate with an internal rate of return (“IRR”) of 23.8%. The post-tax NPV is estimated to be US$188 million with a post-tax IRR of 18.4%. The base case metal price assumptions used in the model are US$1.10/lb zinc, US$1.00/lb lead, US$19.00/oz silver with a foreign exchange rate of C$1.25/US$1.00. Pre-production capital costs, including a provision for a new all season road, are estimated at US$279 million, including a contingency of US$26 million. The post-tax payback of the initial capital costs is 4.6 years from the commencement of concentrate production.
Canadian Zinc has also announced that the Mackenzie Valley Environmental Impact Review Board recommended approval for the proposed All Season Road at Prairie Creek. The next permitting stage before the permit is issued is the regulatory phase conducted by the Mackenzie Valley Land and Water Board with input from territorial and federal agencies. Development of the all season road will enable the transportation of concentrates and supplies throughout the year. The road also has the potential to enable the use of liquid natural gas which would reduce energy costs and the environmental impact of the project.
Sandstorm has a 1.2% NSR royalty on the Prairie Creek project.
For more information visit the Canadian Zinc website at www.canadianzinc.com and see the press releases dated September 28, 2017 and September 12, 2017. A Technical Report in support of the 2017 Feasibility Study prepared in accordance with National Instrument 43-101 Standards for Disclosure for Mineral Projects will be filed on SEDAR within 45 days of the September 28, 2017 press release.
ERDENE CONTINUES TO DEFINE NEW ZONE AT BAYAN KHUNDII, RECEIVES POSITIVE METALLURGICAL RESULTS
Erdene Resource Development Corp. (“Erdene”) announced additional assay results from their ongoing 2017 drill program at the Bayan Khundii project in southwest Mongolia. A total of 19,386 metres have been drilled in 2017 and during the fourth quarter Erdene will be testing a series of geophysical and geochemical targets within the larger Bayan Khundii prospect area.
Results from drilling completed during the third quarter have continued to define a high-grade zone between the Midfield and Striker Zones. Hole BKD-194 is the latest in a series of holes confirming the continuity between these two high-grade zones. Three holes were also drilled to test potential continuity of gold mineralization west of the Midfield Zone (BKD-183,189 and 190) and a single hole (BKD-198) was drilled 130 metres west of the Striker Zone to test the down-dip potential of previously completed hole BKD-32 which returned a broad zone of low-grade mineralization during 2016 drilling. This hole confirmed higher grades at depth. Drill highlights include:
BKD-188: 120.0 metres of 1.1 g/t gold from 110.0 metres including 3.0 metres of 33.1 g/t gold from 176.0 metres;
BKD-194: 128.0 metres of 1.1 g/t gold from 49.0 metres including 22.0 metres of 3.3 g/t gold from 115.0 metres;
BKD-196: 22.0 metres of 2.4 g/t gold from 112.0 metres including 1.0 metre of 43.1 g/t gold from 118.0 metres;
BKD 197: 6.0 metres of 2.7 g/t gold from 130.0 metres;
BKD-198: 25.0 metres of 1.4 g/t gold from 144.0 metres including 3.0 metres of 7.8 g/t gold from 145.0 metres; and
BKD-30ext: 58.0 metres of 1.2 g/t gold from 59.0 metres including 16.0 metres of 2.8 g/t gold from 87.0 metres.
The results from Phase I metallurgical testing at Bayan Khundii has come back positive with two master composites indicating that gold from the project is free milling and amenable to conventional processing techniques.
Sandstorm has a 2.0% NSR royalty on Erdene’s Bayan Khundii and Altan Nar projects.
Reported intervals are not true width. For more information and for complete drill results visit Erdene’s website at www.erdene.com and see the press releases dated September 14, 2017 and September 12, 2017.
TREK MINING DISCOVERS NEW GOLD ZONE EAST OF THE PIABA DEPOSIT AT AURIZONA
Trek Mining Inc. (“Trek”) announced that exploration drilling at their Aurizona gold mine in Brazil has intersected two new zones of gold mineralization at the Genipapo target. Genipapo is located east and north of the Piaba gold deposit and measures several square kilometres in area and covers numerous northwest-southeast trending gold-in-soil anomalies. Five diamond drill holes totaling 1,009 metres were drilled to test the target area. Drill highlights include:
BRAZD545: 4.0 metres of 3.3 g/t gold from 75.0 metres; and
BRAZD546: 13.0 metres of 1.9 g/t gold from 3.0 metres including 3.0 metres at 5.6 g/t gold from 10.0 metres.
Trek recently commenced an aggressive second phase of exploration drilling at Aurizona and has five diamond drill rigs working to complete a 12,000 metre drill campaign. The focus of the campaign is to test several high-potential near-mine targets including follow-up drilling at Genipapo and additional infill drilling at Piaba West.
Sandstorm has a 3.0% - 5.0% sliding scale NSR royalty on the Aurizona project. At gold prices less than or equal to US$1,500 per ounce, the royalty is a 3% NSR. In addition, Sandstorm holds a 2.0% NSR royalty on the Aurizona Greenfields property, a 190,073 hectare package of exploration ground adjacent to the Aurizona project. Trek recently announced an exploration agreement with AngloGold Ashanti Limited (“AngloGold”), whereby AngloGold may invest US$14 million in exploration to earn a 70% interest in Aurizona Greenfields.
True widths of the mineralized intervals are interpreted to be 60 to 90 percent of the reported lengths. For more information and for complete drill results visit the Trek website at www.trekmining.com and see the press release dated September 12, 2017.
BONTERRA EXTENDS MULTIPLE GOLD ZONES BY ADDITIONAL 300 METRES ALONG STRIKE AND DEPTH AT GLADIATOR GOLD DEPOSIT
Bonterra Resources Inc. (“Bonterra”) announced that the ongoing resource development program in and around the Gladiator Gold deposit in Quebec, Canada has further extended the Main, Footwall, and North Zones by increasing strike and depth by up to 300 metres to the known mineralized horizons. Continuity of mineralization is now confirmed over a drilled strike length on at least two horizons (Main and Footwall) of 1,200 metres, as well as to a depth of 1,000 metres. Recent drill highlights include:
BA-17-20: 3.0 metres of 10.4 g/t gold from 779.0 metres;
BA-17-23: 3.0 metres of 10.1 g/t gold from 541.5 metres;
BA-17-28: 3.5 metres of 5.3 g/t gold from 700.5 metres;
BA-17-30: 2.0 metres of 6.0 g/t gold from 630.0 metres;
BA-17-31: 8.3 metres of 5.1 g/t gold from 661.0 metres; and
BA-17-32: 4.0 metres of 5.6 g/t gold from 901.0 metres.
Stated lengths are core width as drilled, true widths vary and average between 60 and 80 percent of drilled widths. For more information and for complete drill results visit the Bonterra website at www.bonterraresources.com and see the press release dated September 18, 2017.
Sandstorm holds a 1.0% NSR on the West Arena portion of the Gladiator Gold Deposit.
Qualified Person
Keith Laskowski (MSc), Sandstorm’s Vice President, Technical Services is a Qualified Professional (#01221QP) of the Mining and Metallurgical Society of America and a Qualified Person as defined by Canadian National Instrument 43-101. He has reviewed and approved the technical information in this press release.
ABOUT SANDSTORM GOLD
Sandstorm Gold Ltd. is a gold royalty company. Sandstorm provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine. Sandstorm has acquired a portfolio of 164 royalties, of which 20 of the underlying mines are producing. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold royalties.
For more information visit: www.sandstormgold.com
CAUTIONARY STATEMENTS TO U.S. SECURITYHOLDERS
The financial information included or incorporated by reference in this press release or the documents referenced herein has been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board, which differs from US generally accepted accounting principles (“US GAAP”) in certain material respects, and thus are not directly comparable to financial statements prepared in accordance with US GAAP.
Information contained or referenced in this press release or in the documents referenced herein concerning the properties, technical information and operations of Sandstorm has been prepared in accordance with requirements and standards under securities laws, which differ from the requirements of US securities laws. The terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” used in this or in the documents incorporated by reference herein are mining terms as defined in accordance with NI 43-101 under guidelines set out in the Definition Standards for Mineral Resources and Mineral Reserves adopted by the Canadian Institute of Mining, Metallurgy and Petroleum Council on 11 December 2005. While the terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” are recognized and required by securities laws other than the requirements of US securities laws, they are not recognized by the SEC. Disclosure of contained ounces are or may be permitted disclosure under regulations applicable to Sandstorm; however, the SEC normally only permits issuers to report resources as in place tonnage and grade without reference to unit of production measures. As such, certain information contained in this document or in the documents incorporated by reference herein concerning descriptions of mineralization and mineral resources under these standards may not be comparable to similar information made public by US companies subject to reporting and disclosure requirements of the SEC.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This press release contains "forward-looking statements", within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Sandstorm. Forward-looking statements include, but are not limited to, statements with respect to the future price of gold, the estimation of mineral reserves and resources, realization of mineral reserve estimates, and the timing and amount of estimated future production. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans”, or similar terminology.
Forward-looking statements are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performances or achievements of Sandstorm to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Sandstorm will operate in the future, including the price of gold and anticipated costs. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others, gold price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks relating to the parties which produce the gold Sandstorm will purchase, regulatory restrictions, activities by governmental authorities (including changes in taxation), currency fluctuations, the global economic climate, dilution, share price volatility and competition.
Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of Sandstorm to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the impact of general business and economic conditions, the absence of control over mining operations from which Sandstorm will purchase gold and risks related to those mining operations, including risks related to international operations, government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined, risks in the marketability of minerals, fluctuations in the price of gold, fluctuation in foreign exchange rates and interest rates, stock market volatility, as well as those factors discussed in the section entitled “Risks to Sandstorm” in Sandstorm’s annual report for the financial year ended December 31, 2016 available at www.sedar.com. Although Sandstorm has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking
SANDSTORM GOLD ANNOUNCES THIRD QUARTER PRODUCTION NUMBERS, PROVIDES ASSET UPDATES
Vancouver, British Columbia | October 2, 2017
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) is pleased to report the attributable gold equivalent ounces sold during the third quarter of 2017 and recent updates from the Company’s royalty properties.
SANDSTORM SELLS 14,290 GOLD EQUIVALENT OUNCES IN Q3
Sandstorm sold approximately 14,290 gold equivalent ounces during the third quarter of 2017, the second highest quarterly total in Company history. The attributable gold equivalent ounces were delivered from 20 royalty assets.
During the first 9 months of 2017 Sandstorm has sold approximately 42,600 gold equivalent ounces, consistent with the Company’s sales forecast for the 2017 year of between 50,000 and 55,000 gold equivalent ounces. The Company is forecasting attributable gold equivalent production of approximately 130,000 ounces per annum in 2022.
Sandstorm President and CEO Nolan Watson commented, “I’m glad to report that after three quarters we are on track to meet our stated production guidance for the year. Our royalty portfolio has reached a critical mass and is generating reliable cash flow from our producing assets and there are a number of exciting projects being developed and explored.”
ASSET HANDBOOK NOW AVAILABLE
Sandstorm has compiled a comprehensive resource to allow for investors to better familiarize themselves with the Company’s royalty portfolio. Version one of the Asset Handbook is now available and includes detailed information on Sandstorm’s producing and development-stage royalty assets. Subsequent versions of the handbook will include a discussion of the exploration properties.
The Asset Handbook is available on the Sandstorm website at www.sandstormgold.com.
ROYALTIES ACQUIRED FROM TSODILO RESOURCES
Sandstorm has acquired three royalties from Tsodilo Resources Ltd. (“Tsodilo”) on properties located in Botswana and South Africa. The royalties were purchased for US$1.5 million and cover more than 1,000,000 hectares of property. The royalty assets include:
a 1% net smelter returns (“NSR”) royalty on the 892,690 hectare Gcwihaba prospecting metal licenses in northwest Botswana;
a 1% gross proceeds royalty on the 58,000 hectare Bosoto PL217 precious stone prospecting license located in the Orapa Kimberlite Field; and
a 1% NSR on the 9,030 hectare Idada gold and silver prospecting license located in the Barberton Greenstone Belt in the Mpumalanga province of South Africa.
For more information visit the Tsodilo website at www.tsodiloresources.com and see the press release dated September 26, 2017.
YAMANA PROVIDES EXPLORATION UPDATES AT CERRO MORO AND CHAPADA
Yamana Gold Inc. (“Yamana”) provided an update on its exploration programs at the Cerro Moro gold-silver project in Argentina and the Chapada gold-copper mine in Brazil.
Cerro Moro
Exploration activities at Cerro Moro have focused on Mineral Resource discovery as part of a four-year program with the goal to extend the operational mine life by adding one million new gold equivalent ounces to the Mineral Resource inventory. The 2017 US$8 million dollar budget includes funding for a 35,000 metre infill and exploration program to test down dip extensions to known mineral shoots with the objective of upgrading Inferred Mineral Resources to Indicated Mineral Resource status and to ultimately add new Mineral Reserves. Drilling to infill and extend targets within the known Escondida-Zoe vein system have yielded encouraging results including:
MD2263: 1.4 metres of 44.7 grams per tonne ("g/t") gold and 2,627.0 g/t silver from 215.6 metres and 2.5 metres of 21.6 g/t gold and 821.4 g/t from 226.5 metres; and
MD2273: 2.2 metres of 119.8 g/t gold and 3,059.9 g/t silver from 228.1 metres.
A 1,500 metre mineralized structure has been outlined that links the Esperanza and Escondida northwest mineral systems, and follow up drilling indicates mineralization remains open along strike and down dip, all of which suggests that further drilling should result in increases to Mineral Resources.
Beginning in 2019, Sandstorm has a silver stream agreement to purchase an amount of silver from Cerro Moro equal to 20% of the silver produced, up to a maximum of 1.2 million ounces of silver annually, until Yamana has delivered to Sandstorm 7.0 million ounces of silver, then 9.0% of the silver produced thereafter for the life of the mine. Sandstorm will make ongoing payments for each ounce of silver received, equal to 30% of the spot price per ounce of silver.
Exploration drill hole assay results for Cerro Moro includes all holes completed with results above 3.3 g/t AuEq. AuEq is calculated as g/t Au + (g/t Ag)/66.4. True widths not known at this time.
Chapada
Exploration efforts at Chapada have concentrated on increasing Mineral Reserves and Resources by testing near mine and district targets that include Baru, Suruca, Buriti and Formiga. A map of the targets is available at http://files.newswire.ca/1563/1102669_figure-1.jpg.
The Baru target is a northeast to southwest trending mineral body adjacent to the north wall of the main Chapada pit. Exploration at Baru has identified a near surface, high grade core and studies are underway to review a larger open pit scenario at Chapada that includes the Baru and nearby Sucupria deposit.
At Suruca, an infill drill program was completed to define a near surface gold oxide deposit for open pit heap leach extraction and recent exploration has been focused on drill testing the copper-gold sulphide portion of the mineral body to the southwest, known as Suruca Southwest. Drilling has discovered a higher grade core, within broader zones of more modest grade copper and gold mineralization, that is at or above current life of mine grades with metallurgy similar to the Chapada deposit. Drill results include:
SU-941: 98.0 metres of 0.2 g/t gold and 0.18% copper from 70.0 metres including 13.0 metres of 0.4 g/t gold and 0.32% copper;
SU-943: 104.6 metres of 0.2 g/t gold and 0.20% copper from 46.4 metres including 21.9 metres of 0.3 g/t gold, 0.26% copper from 55.0 metres and 16.7 metres of 0.4 g/t gold and 0.40% copper from 114.4 metres; and
SU-963: 73.0 metres of 0.3 g/t gold, 0.24% copper from 63.0 metres including 20.6 metres of 0.6 g/t gold and 0.39% copper from 96.0 metres.
New copper-gold mineralization was also identified three kilometres from the Chapada mine at the Buriti target which adds another near surface discovery at Chapada. The mineralization is identified over a two kilometre strike length with modest grade copper gold near surface. The mineralized intercepts at Buriti range from 17.0 metres to 58.0 metres down the hole.
Drill testing at the Formiga target, 14 kilometres to the north of Chapada, has identified three distinct pods of high grade copper and gold mineralization that are under evaluation for further development. The deposits are all near surface and have the potential to generate Indicated Mineral Resources in 2017.
Sandstorm has a copper stream agreement to purchase 4.2% of the copper produced at Chapada up to a maximum of 3.9 million pounds annually. When Yamana has delivered 39 million pounds of copper to Sandstorm, the copper stream will reduce to 3.0%. Once 50 million pounds of copper have been delivered to Sandstorm on a cumulative basis, the stream will reduce to 1.5% of the copper produced for the life of the mine. Sandstorm will make ongoing payments for each pound of copper purchased equal to 30% of the spot price of copper.
A 0.25% CuEq cut-off grade was applied to all assays received from the Suruca Southwest target. CuEq is equal to % Cu + (g/t Au x 0.504). True widths not known at this time. For more information and for complete drill results visit the Yamana website at www.yamana.com and see the press release dated September 25, 2017.
COLUMBUS GOLD ENTERS INTO FORMAL JV WITH NORDGOLD TO DEVELOP MONTAGNE D’OR, PRODUCTION DECISION EXPECTED IN DEC. 2017
Columbus Gold Corp. (“Columbus”) has signed a Shareholder Agreement and entered into a formal joint venture with Nord Gold SE (“Nordgold”) with respect to the management and development of the Montagne d’Or gold deposit located in French Guiana. Under the terms of the joint venture, Nordgold is the project operator and a mine construction decision deadline was set for December 18, 2017.
Sandstorm has a 1.0% NSR royalty on the Montagne d’Or project.
For more information visit the Columbus website at www.columbusgoldcorp.com and see the press release dated September 26, 2017.
CANADIAN ZINC ANNOUNCES FEASIBILITY STUDY RESULTS FOR THE PRAIRIE CREEK MINE, RECEIVES APPROVAL FOR ALL SEASON ROAD
Canadian Zinc Corporation (“Canadian Zinc”) has reported preliminary results from a Feasibility Study on its Prairie Creek Zinc-Lead-Silver project in the Northwest Territories, Canada. The study evaluated a 1,600 tonne per day underground mining operation that will process 8.1 million tonnes of Mineral Reserve material over a 15 year mine life. Average annual production is estimated to be 65,000 tonnes of zinc concentrate and 72,000 tonnes of lead concentrate containing 95 million pounds of zinc, 105 million pounds of lead and 2.1 million ounces of silver. The Feasibility Study indicates a base case Pre-Tax Net Present Value (“NPV”) of US$344 million using an 8% discount rate with an internal rate of return (“IRR”) of 23.8%. The post-tax NPV is estimated to be US$188 million with a post-tax IRR of 18.4%. The base case metal price assumptions used in the model are US$1.10/lb zinc, US$1.00/lb lead, US$19.00/oz silver with a foreign exchange rate of C$1.25/US$1.00. Pre-production capital costs, including a provision for a new all season road, are estimated at US$279 million, including a contingency of US$26 million. The post-tax payback of the initial capital costs is 4.6 years from the commencement of concentrate production.
Canadian Zinc has also announced that the Mackenzie Valley Environmental Impact Review Board recommended approval for the proposed All Season Road at Prairie Creek. The next permitting stage before the permit is issued is the regulatory phase conducted by the Mackenzie Valley Land and Water Board with input from territorial and federal agencies. Development of the all season road will enable the transportation of concentrates and supplies throughout the year. The road also has the potential to enable the use of liquid natural gas which would reduce energy costs and the environmental impact of the project.
Sandstorm has a 1.2% NSR royalty on the Prairie Creek project.
For more information visit the Canadian Zinc website at www.canadianzinc.com and see the press releases dated September 28, 2017 and September 12, 2017. A Technical Report in support of the 2017 Feasibility Study prepared in accordance with National Instrument 43-101 Standards for Disclosure for Mineral Projects will be filed on SEDAR within 45 days of the September 28, 2017 press release.
ERDENE CONTINUES TO DEFINE NEW ZONE AT BAYAN KHUNDII, RECEIVES POSITIVE METALLURGICAL RESULTS
Erdene Resource Development Corp. (“Erdene”) announced additional assay results from their ongoing 2017 drill program at the Bayan Khundii project in southwest Mongolia. A total of 19,386 metres have been drilled in 2017 and during the fourth quarter Erdene will be testing a series of geophysical and geochemical targets within the larger Bayan Khundii prospect area.
Results from drilling completed during the third quarter have continued to define a high-grade zone between the Midfield and Striker Zones. Hole BKD-194 is the latest in a series of holes confirming the continuity between these two high-grade zones. Three holes were also drilled to test potential continuity of gold mineralization west of the Midfield Zone (BKD-183,189 and 190) and a single hole (BKD-198) was drilled 130 metres west of the Striker Zone to test the down-dip potential of previously completed hole BKD-32 which returned a broad zone of low-grade mineralization during 2016 drilling. This hole confirmed higher grades at depth. Drill highlights include:
BKD-188: 120.0 metres of 1.1 g/t gold from 110.0 metres including 3.0 metres of 33.1 g/t gold from 176.0 metres;
BKD-194: 128.0 metres of 1.1 g/t gold from 49.0 metres including 22.0 metres of 3.3 g/t gold from 115.0 metres;
BKD-196: 22.0 metres of 2.4 g/t gold from 112.0 metres including 1.0 metre of 43.1 g/t gold from 118.0 metres;
BKD 197: 6.0 metres of 2.7 g/t gold from 130.0 metres;
BKD-198: 25.0 metres of 1.4 g/t gold from 144.0 metres including 3.0 metres of 7.8 g/t gold from 145.0 metres; and
BKD-30ext: 58.0 metres of 1.2 g/t gold from 59.0 metres including 16.0 metres of 2.8 g/t gold from 87.0 metres.
The results from Phase I metallurgical testing at Bayan Khundii has come back positive with two master composites indicating that gold from the project is free milling and amenable to conventional processing techniques.
Sandstorm has a 2.0% NSR royalty on Erdene’s Bayan Khundii and Altan Nar projects.
Reported intervals are not true width. For more information and for complete drill results visit Erdene’s website at www.erdene.com and see the press releases dated September 14, 2017 and September 12, 2017.
TREK MINING DISCOVERS NEW GOLD ZONE EAST OF THE PIABA DEPOSIT AT AURIZONA
Trek Mining Inc. (“Trek”) announced that exploration drilling at their Aurizona gold mine in Brazil has intersected two new zones of gold mineralization at the Genipapo target. Genipapo is located east and north of the Piaba gold deposit and measures several square kilometres in area and covers numerous northwest-southeast trending gold-in-soil anomalies. Five diamond drill holes totaling 1,009 metres were drilled to test the target area. Drill highlights include:
BRAZD545: 4.0 metres of 3.3 g/t gold from 75.0 metres; and
BRAZD546: 13.0 metres of 1.9 g/t gold from 3.0 metres including 3.0 metres at 5.6 g/t gold from 10.0 metres.
Trek recently commenced an aggressive second phase of exploration drilling at Aurizona and has five diamond drill rigs working to complete a 12,000 metre drill campaign. The focus of the campaign is to test several high-potential near-mine targets including follow-up drilling at Genipapo and additional infill drilling at Piaba West.
Sandstorm has a 3.0% - 5.0% sliding scale NSR royalty on the Aurizona project. At gold prices less than or equal to US$1,500 per ounce, the royalty is a 3% NSR. In addition, Sandstorm holds a 2.0% NSR royalty on the Aurizona Greenfields property, a 190,073 hectare package of exploration ground adjacent to the Aurizona project. Trek recently announced an exploration agreement with AngloGold Ashanti Limited (“AngloGold”), whereby AngloGold may invest US$14 million in exploration to earn a 70% interest in Aurizona Greenfields.
True widths of the mineralized intervals are interpreted to be 60 to 90 percent of the reported lengths. For more information and for complete drill results visit the Trek website at www.trekmining.com and see the press release dated September 12, 2017.
BONTERRA EXTENDS MULTIPLE GOLD ZONES BY ADDITIONAL 300 METRES ALONG STRIKE AND DEPTH AT GLADIATOR GOLD DEPOSIT
Bonterra Resources Inc. (“Bonterra”) announced that the ongoing resource development program in and around the Gladiator Gold deposit in Quebec, Canada has further extended the Main, Footwall, and North Zones by increasing strike and depth by up to 300 metres to the known mineralized horizons. Continuity of mineralization is now confirmed over a drilled strike length on at least two horizons (Main and Footwall) of 1,200 metres, as well as to a depth of 1,000 metres. Recent drill highlights include:
BA-17-20: 3.0 metres of 10.4 g/t gold from 779.0 metres;
BA-17-23: 3.0 metres of 10.1 g/t gold from 541.5 metres;
BA-17-28: 3.5 metres of 5.3 g/t gold from 700.5 metres;
BA-17-30: 2.0 metres of 6.0 g/t gold from 630.0 metres;
BA-17-31: 8.3 metres of 5.1 g/t gold from 661.0 metres; and
BA-17-32: 4.0 metres of 5.6 g/t gold from 901.0 metres.
Stated lengths are core width as drilled, true widths vary and average between 60 and 80 percent of drilled widths. For more information and for complete drill results visit the Bonterra website at www.bonterraresources.com and see the press release dated September 18, 2017.
Sandstorm holds a 1.0% NSR on the West Arena portion of the Gladiator Gold Deposit.
Qualified Person
Keith Laskowski (MSc), Sandstorm’s Vice President, Technical Services is a Qualified Professional (#01221QP) of the Mining and Metallurgical Society of America and a Qualified Person as defined by Canadian National Instrument 43-101. He has reviewed and approved the technical information in this press release.
ABOUT SANDSTORM GOLD
Sandstorm Gold Ltd. is a gold royalty company. Sandstorm provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine. Sandstorm has acquired a portfolio of 164 royalties, of which 20 of the underlying mines are producing. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold royalties.
For more information visit: www.sandstormgold.com
CAUTIONARY STATEMENTS TO U.S. SECURITYHOLDERS
The financial information included or incorporated by reference in this press release or the documents referenced herein has been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board, which differs from US generally accepted accounting principles (“US GAAP”) in certain material respects, and thus are not directly comparable to financial statements prepared in accordance with US GAAP.
Information contained or referenced in this press release or in the documents referenced herein concerning the properties, technical information and operations of Sandstorm has been prepared in accordance with requirements and standards under securities laws, which differ from the requirements of US securities laws. The terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” used in this or in the documents incorporated by reference herein are mining terms as defined in accordance with NI 43-101 under guidelines set out in the Definition Standards for Mineral Resources and Mineral Reserves adopted by the Canadian Institute of Mining, Metallurgy and Petroleum Council on 11 December 2005. While the terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” are recognized and required by securities laws other than the requirements of US securities laws, they are not recognized by the SEC. Disclosure of contained ounces are or may be permitted disclosure under regulations applicable to Sandstorm; however, the SEC normally only permits issuers to report resources as in place tonnage and grade without reference to unit of production measures. As such, certain information contained in this document or in the documents incorporated by reference herein concerning descriptions of mineralization and mineral resources under these standards may not be comparable to similar information made public by US companies subject to reporting and disclosure requirements of the SEC.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This press release contains "forward-looking statements", within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Sandstorm. Forward-looking statements include, but are not limited to, statements with respect to the future price of gold, the estimation of mineral reserves and resources, realization of mineral reserve estimates, and the timing and amount of estimated future production. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans”, or similar terminology.
Forward-looking statements are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performances or achievements of Sandstorm to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Sandstorm will operate in the future, including the price of gold and anticipated costs. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others, gold price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks relating to the parties which produce the gold Sandstorm will purchase, regulatory restrictions, activities by governmental authorities (including changes in taxation), currency fluctuations, the global economic climate, dilution, share price volatility and competition.
Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of Sandstorm to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the impact of general business and economic conditions, the absence of control over mining operations from which Sandstorm will purchase gold and risks related to those mining operations, including risks related to international operations, government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined, risks in the marketability of minerals, fluctuations in the price of gold, fluctuation in foreign exchange rates and interest rates, stock market volatility, as well as those factors discussed in the section entitled “Risks to Sandstorm” in Sandstorm’s annual report for the financial year ended December 31, 2016 available at www.sedar.com. Although Sandstorm has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking
Sieht nach einem beat der Jahreszahlen aus
sehr guter deal/ spinout...hier bleibt eine menge für sandstorm hängen
Spada Gold Announces Qualifying Transaction to Acquire Côte D'Ivoire Assets from Sandstorm Gold Nov 15, 2017, 20:44 ET
VANCOUVER, Nov. 15, 2017 /CNW/ - Spada Gold Limited (TSXV: SPL.P) ("Spada" or the "Company"), a capital pool company listed on the TSX Venture Exchange (the "Exchange") is pleased to announce that it has entered into a series of property acquisition agreements to acquire a 100% interest in the Bondoukou Project and Abengourou Project areas in Côte D'Ivoire and a 90% interest in the Odienné Project area, also in Côte D'Ivoire. The project areas include a 100% interest in a total of four exploration licenses covering approximately 1,589 km2 in Côte D'Ivoire, with a further 7 exploration licenses covering another 2,393 km2 under application. The projects were previously controlled by Mariana Resources Limited, which was acquired by Sandstorm Gold Limited (TSX: SSL, NYSE: SAND) ("Sandstorm") in July 2017.
The completion of the property acquisitions will constitute the Company's "Qualifying Transaction" under the Exchange's policies. As the acquisitions are arm's-length transactions, Spada is not required to obtain shareholder approval. Following the completion of the acquisition, Spada will change its name to "Awalé Resources Limited" ("Awalé Resources").
Awalé Resources will focus on gold exploration for high grade deposits in the West African Birimian Greenstone belts and the Mann Shield within the relatively underexplored country of Côte d'Ivoire. Côte d'Ivoire is underlain by nearly 33% of the entire prospective Birimian terrain; however, the country contains less than 10% of the Birimian gold resources suggesting there is significant potential for major new gold discoveries. The Birimian of West Africa is now recognized as one the world's premier gold provinces and Awalé Resources is excited to be the next exploration company in the country. The experienced management and local exploration team from Mariana Resources Limited remains intact and focused on advancing the company's projects in an economic and socially sustainable manner.
Acquisition Agreements
Spada will acquire a 100% effective interest in the Bondoukou Project and Abengourou Project areas and a 90% effective interest in the Odienné Project through agreements dated November XX, 2017 with Sandstorm, and two private entities, Awalé Holdings Limited ("Awalé Holdings") and Newoka Resources SARL ("Newoka").
To Sandstorm, Spada will provide consideration of:
(i)
granting a 2.0% net smelter returns royalty to Sandstorm over Bondoukou, Abengourou and Odienné; and
(ii)
$400,000 payable to Sandstorm in cash or shares at Spada's election on each anniversary of the acquisition, until commercial production is achieved or earlier if certain events occur.
Any outstanding debt to Sandstorm will be satisfied by Spada issuing shares to Sandstorm in settlement of the debt at the same price as the Private Placement (described below).
To Awalé Holdings, Spada will provide consideration of:
(i)
3,800,000 common shares and 200,000 common share purchase warrants of Spada; and
(ii)
upon delineation of a Mineral Resource, a per ounce payment of US$0.50 up to one million ounces and US$1.00 per ounce over one million ounces, subject to a maximum of US$3.5 million.
To Newoka, Spada will provide consideration of:
(i)
1,000,000 common shares in Spada; and
(ii)
a fee of US$800,000 payable upon granting of an exploitation mining license over the Bondoukou project.
The Projects
The Bondoukou, Abengourou and Odienné projects are located in the Zanzan, Comoe, Dengéulé and Montagnes Regions of Côte D'Ivoire and consist of 4 (four) exploration licenses (also referred to as permits) for 1,589 km2 and a further 7 (seven) applications exploration licenses for 2,393 km2. Since 2015, more than US$1.4 million in aggregate expenditures have been incurred in exploring the properties, of which the majority was spent on the Bondoukou Project. All of the project areas contain active artisanal gold mining operations.
A map of the of the properties can be found here: http://www.sandstormgold.com/_resources/spada/propertymap.jp…
The Bondoukou Project will be the initial focus of the Company's exploration in Côte D'Ivoire. The Bondoukou Project lies within a Birimian-age greenstone belt in NE Côte D'Ivoire in which high grade gold mineralization is currently being mined by artisanal miners from sheeted vein complexes near the contact between a zoned granitoid intrusion and host meta-volcanic and sedimentary rocks. However, in spite of the known gold occurrences, the Bondoukou Project has seen limited modern systematic exploration and has yet to be drilled. Birimian-age greenstone belts are host to the majority of the world class orogenic gold deposits discovered in neighbouring Burkina Faso, Mali, and Ghana.
There are 12 gold mineralized target areas that were identified from a broad range of surface work, including airborne magnetic and radiometric surveys, stream sediment geochemistry, geological mapping, rock sampling and 9,515 metres of auger drilling in 2,594 holes. The results from this work have identified an 80 kilometre long zone of structurally controlled gold occurrences including the 38 kilometre long Awari Shear Zone. Follow-up programs focused on a 15 kilometre segment of this zone. Auger sampling within this zone has identified a 6 kilometre long trend of anomalous gold values (>10ppb) with peak values up to 1,071 ppb. The highest current priority drill targets on the Awari Shear Zone are the Fako and Fako South targets. Within this area, 19 artisanal mining sites have been identified. A total of 173 rock samples have been collected from dumps and workings (0.005 g/t – 30.0 g/t gold). Of these samples, 17 samples contained gold values ranging from 1.5 g/t – 30.0 g/t gold, with 6 samples greater than 10.0 g/t gold. The mean of the 173 assays was 1.1 g/t gold. Detailed results are to be included in the NI 43-101 Technical Report, prepared by Galen White for CSA Global, to be filed upon closing of the Transaction.
A map of the Fako and Fako South target areas can be found here: http://www.sandstormgold.com/_resources/spada/geology.jpg
A drilling contractor is being mobilized to begin a 5,000 to 7,000 metre reverse circulation drill program on these targets at the Bondoukou project, with the results anticipated in the first quarter of 2018.
Awalé will also complete reconnaissance exploration at the Odienné prospect located in northwest Cote D'Ivoire. A small low cost program will include stream sediment and soil sampling to be completed before the end of December. Awalé Resources will continue to undertake systematic exploration of Odienné and its other areas in order to continue to rank and accelerate the generation of new high quality prospects.
Concurrent Private Placement
Concurrently with the transactions described above, Spada intends to complete a private placement of 12,000,000 shares of Spada at a price of $0.25 per share for gross proceeds of $3,000,000 (the "Private Placement"). Completion of the Private Placement is a condition to the closing of the acquisition of the properties. The Company anticipates that Sandstorm will participate in the Private Placement.
Resulting Issuer
On completion of the transaction, Glen Parsons will be the Chief Executive Officer, Andrew Chubb will be the Chief Operating Officer and Sharon Cooper will be the Chief Financial Officer of the resulting issuer. The current directors Chris Buss, Keith Laskowski and Navdeep Gill will resign from the board and the board of directors of the resulting issuer is expected to be Glen Parsons, Eric Roth, Ron Ho and Derk Hartman.
Spada Gold Announces Qualifying Transaction to Acquire Côte D'Ivoire Assets from Sandstorm Gold Nov 15, 2017, 20:44 ET
VANCOUVER, Nov. 15, 2017 /CNW/ - Spada Gold Limited (TSXV: SPL.P) ("Spada" or the "Company"), a capital pool company listed on the TSX Venture Exchange (the "Exchange") is pleased to announce that it has entered into a series of property acquisition agreements to acquire a 100% interest in the Bondoukou Project and Abengourou Project areas in Côte D'Ivoire and a 90% interest in the Odienné Project area, also in Côte D'Ivoire. The project areas include a 100% interest in a total of four exploration licenses covering approximately 1,589 km2 in Côte D'Ivoire, with a further 7 exploration licenses covering another 2,393 km2 under application. The projects were previously controlled by Mariana Resources Limited, which was acquired by Sandstorm Gold Limited (TSX: SSL, NYSE: SAND) ("Sandstorm") in July 2017.
The completion of the property acquisitions will constitute the Company's "Qualifying Transaction" under the Exchange's policies. As the acquisitions are arm's-length transactions, Spada is not required to obtain shareholder approval. Following the completion of the acquisition, Spada will change its name to "Awalé Resources Limited" ("Awalé Resources").
Awalé Resources will focus on gold exploration for high grade deposits in the West African Birimian Greenstone belts and the Mann Shield within the relatively underexplored country of Côte d'Ivoire. Côte d'Ivoire is underlain by nearly 33% of the entire prospective Birimian terrain; however, the country contains less than 10% of the Birimian gold resources suggesting there is significant potential for major new gold discoveries. The Birimian of West Africa is now recognized as one the world's premier gold provinces and Awalé Resources is excited to be the next exploration company in the country. The experienced management and local exploration team from Mariana Resources Limited remains intact and focused on advancing the company's projects in an economic and socially sustainable manner.
Acquisition Agreements
Spada will acquire a 100% effective interest in the Bondoukou Project and Abengourou Project areas and a 90% effective interest in the Odienné Project through agreements dated November XX, 2017 with Sandstorm, and two private entities, Awalé Holdings Limited ("Awalé Holdings") and Newoka Resources SARL ("Newoka").
To Sandstorm, Spada will provide consideration of:
(i)
granting a 2.0% net smelter returns royalty to Sandstorm over Bondoukou, Abengourou and Odienné; and
(ii)
$400,000 payable to Sandstorm in cash or shares at Spada's election on each anniversary of the acquisition, until commercial production is achieved or earlier if certain events occur.
Any outstanding debt to Sandstorm will be satisfied by Spada issuing shares to Sandstorm in settlement of the debt at the same price as the Private Placement (described below).
To Awalé Holdings, Spada will provide consideration of:
(i)
3,800,000 common shares and 200,000 common share purchase warrants of Spada; and
(ii)
upon delineation of a Mineral Resource, a per ounce payment of US$0.50 up to one million ounces and US$1.00 per ounce over one million ounces, subject to a maximum of US$3.5 million.
To Newoka, Spada will provide consideration of:
(i)
1,000,000 common shares in Spada; and
(ii)
a fee of US$800,000 payable upon granting of an exploitation mining license over the Bondoukou project.
The Projects
The Bondoukou, Abengourou and Odienné projects are located in the Zanzan, Comoe, Dengéulé and Montagnes Regions of Côte D'Ivoire and consist of 4 (four) exploration licenses (also referred to as permits) for 1,589 km2 and a further 7 (seven) applications exploration licenses for 2,393 km2. Since 2015, more than US$1.4 million in aggregate expenditures have been incurred in exploring the properties, of which the majority was spent on the Bondoukou Project. All of the project areas contain active artisanal gold mining operations.
A map of the of the properties can be found here: http://www.sandstormgold.com/_resources/spada/propertymap.jp…
The Bondoukou Project will be the initial focus of the Company's exploration in Côte D'Ivoire. The Bondoukou Project lies within a Birimian-age greenstone belt in NE Côte D'Ivoire in which high grade gold mineralization is currently being mined by artisanal miners from sheeted vein complexes near the contact between a zoned granitoid intrusion and host meta-volcanic and sedimentary rocks. However, in spite of the known gold occurrences, the Bondoukou Project has seen limited modern systematic exploration and has yet to be drilled. Birimian-age greenstone belts are host to the majority of the world class orogenic gold deposits discovered in neighbouring Burkina Faso, Mali, and Ghana.
There are 12 gold mineralized target areas that were identified from a broad range of surface work, including airborne magnetic and radiometric surveys, stream sediment geochemistry, geological mapping, rock sampling and 9,515 metres of auger drilling in 2,594 holes. The results from this work have identified an 80 kilometre long zone of structurally controlled gold occurrences including the 38 kilometre long Awari Shear Zone. Follow-up programs focused on a 15 kilometre segment of this zone. Auger sampling within this zone has identified a 6 kilometre long trend of anomalous gold values (>10ppb) with peak values up to 1,071 ppb. The highest current priority drill targets on the Awari Shear Zone are the Fako and Fako South targets. Within this area, 19 artisanal mining sites have been identified. A total of 173 rock samples have been collected from dumps and workings (0.005 g/t – 30.0 g/t gold). Of these samples, 17 samples contained gold values ranging from 1.5 g/t – 30.0 g/t gold, with 6 samples greater than 10.0 g/t gold. The mean of the 173 assays was 1.1 g/t gold. Detailed results are to be included in the NI 43-101 Technical Report, prepared by Galen White for CSA Global, to be filed upon closing of the Transaction.
A map of the Fako and Fako South target areas can be found here: http://www.sandstormgold.com/_resources/spada/geology.jpg
A drilling contractor is being mobilized to begin a 5,000 to 7,000 metre reverse circulation drill program on these targets at the Bondoukou project, with the results anticipated in the first quarter of 2018.
Awalé will also complete reconnaissance exploration at the Odienné prospect located in northwest Cote D'Ivoire. A small low cost program will include stream sediment and soil sampling to be completed before the end of December. Awalé Resources will continue to undertake systematic exploration of Odienné and its other areas in order to continue to rank and accelerate the generation of new high quality prospects.
Concurrent Private Placement
Concurrently with the transactions described above, Spada intends to complete a private placement of 12,000,000 shares of Spada at a price of $0.25 per share for gross proceeds of $3,000,000 (the "Private Placement"). Completion of the Private Placement is a condition to the closing of the acquisition of the properties. The Company anticipates that Sandstorm will participate in the Private Placement.
Resulting Issuer
On completion of the transaction, Glen Parsons will be the Chief Executive Officer, Andrew Chubb will be the Chief Operating Officer and Sharon Cooper will be the Chief Financial Officer of the resulting issuer. The current directors Chris Buss, Keith Laskowski and Navdeep Gill will resign from the board and the board of directors of the resulting issuer is expected to be Glen Parsons, Eric Roth, Ron Ho and Derk Hartman.
David Awram mit insiderkäufen größer 500000$ dazu noch news von metanor die Produktion in 3 Jahren auf über 100000oz im Jahr zu steigern🤑
Antwort auf Beitrag Nr.: 56.395.093 von KMST am 07.12.17 18:55:45Filing
Date Transaction
Date Insider Name Ownership
Type Securities Nature of transaction Volume or Value Price
Dec 6/17 Dec 5/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 23,000 $5.45
Dec 6/17 Dec 5/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 23,000 $5.49
Dec 6/17 Dec 5/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $5.50
Dec 6/17 Dec 5/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 100 $5.51
Dec 6/17 Dec 5/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 15,000 $5.51
Dec 6/17 Dec 5/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 600 $5.52
Dec 6/17 Dec 5/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 1,000 $5.52
Dec 6/17 Dec 5/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 300 $5.53
Dec 6/17 Dec 1/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 100 $5.70
Dec 6/17 Dec 1/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 4,700 $5.65
Date Transaction
Date Insider Name Ownership
Type Securities Nature of transaction Volume or Value Price
Dec 6/17 Dec 5/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 23,000 $5.45
Dec 6/17 Dec 5/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 23,000 $5.49
Dec 6/17 Dec 5/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $5.50
Dec 6/17 Dec 5/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 100 $5.51
Dec 6/17 Dec 5/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 15,000 $5.51
Dec 6/17 Dec 5/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 600 $5.52
Dec 6/17 Dec 5/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 1,000 $5.52
Dec 6/17 Dec 5/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 300 $5.53
Dec 6/17 Dec 1/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 100 $5.70
Dec 6/17 Dec 1/17 Awram, David Direct Ownership Common Shares 10 - Acquisition in the public market 4,700 $5.65
Columbus Gold announces that the Montagne d'Or joint-venture board unanimously decided to proceed with construction of the Montagne d'Or gold mine in French Guiana. Another Sandstorm royalty project moving towards production!
Sandstorm Gold Acquires 2% NSR Royalty on Endeavour's Houndé Gold Mine from Acacia Mining
VANCOUVER, Dec. 18, 2017 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSEAMERICAN: SAND, TSX: SSL) is pleased to announce that the Company has agreed to purchase an existing 2% net smelter returns royalty ("NSR Royalty") on the producing Houndé gold mine in Burkina Faso, operated by Endeavour Mining Corporation ("Endeavour"). The NSR Royalty will be acquired from Acacia Mining plc for US$45 million in cash and covers the Kari North and Kari South tenements, representing approximately 500 square kilometres of the Houndé property package. Nearly the entire Houndé Mineral Reserve of 2.1 million ounces (as of December 2014) is located on the Kari North and Kari South tenements, including the Vindaloo deposit and most of the Bouéré deposit. The NSR Royalty acquisition is expected to close in January 2018.
—Acquisition Highlights
Immediate Cash Flow: Commercial production was announced on October 31, 2017 and the Houndé mine is expected to produce 235,000 ounces of gold per year on average over the first four years of operations. The mine has an initial ten year mine life based on the current Mineral Reserves.
Strong Operator: Endeavour is a mid-tier gold producer with five operating mines in Africa. The construction of the Houndé mine was completed ahead of schedule and below budget and the asset is now Endeavour's flagship gold mine.
Exploration Upside: Endeavour has set a discovery target at Houndé of 2.5 million to 3.5 million ounces of gold over the next four years with US$40 million in budgeted expenditures from 2018 to 2021. A number of the high-priority targets are on the Sandstorm royalty ground.
Sandstorm's President and CEO Nolan Watson remarked, "The Houndé royalty is a natural fit for the Sandstorm portfolio as the asset meets all of the criteria that we look for in an acquisition. Shareholders will benefit from an immediate 10% increase in cash flow per share beginning in 2018, Endeavour has proven to be an adept operator in West Africa and we're extremely excited about the exploration potential on what is a massive property. The nearly 500 square kilometre area that applies to the royalty is one of the largest prospective land packages in Sandstorm's royalty portfolio and Endeavour has committed tens of millions of dollars in exploration spending in the coming years to aggressively search for new ore. Sandstorm will be a direct beneficiary of that work."
—About Houndé
Houndé is Endeavour's flagship asset and ranks amongst West Africa's top tier cash generating mines. The average annual production during the first four years of operations is expected to be 235,000 ounces of gold at an all-in-sustaining-cost of US$610 per ounce.
The Houndé project is located 250 kilometres southwest of Ouagadougou, the capital city of Burkina Faso. Infrastructure in the area includes a paved highway approximately 2.7 kilometres from the mine site, a 225 kV power line as close as 200 metres in some areas and a rail line that extends to the port of Abidjan, Côte d'Ivoire approximately 25 kilometres west of the deposit area.
Houndé is an open-pit mine with a 3.0 million tonne per year gravity circuit and carbon-in-leach plant. The gravity concentrate is processed through an intensive cyanide leach reactor followed by electrowinning to recover the gold. The carbon-in-leach feed is thickened and fed into a standard carbon-in-leach circuit. Construction of the project began in April 2016 and was completed in October 2017 ahead of schedule and below budget. Commercial production was declared in early November 2017, more than two months ahead of schedule following the rapid construction and ramp-up periods, with nameplate capacity achieved within weeks following the introduction of ore into the mill. Production results to date have exceeded design parameters including recovery rates which have averaged 95%.
The mineralization at Houndé is mainly quartz stockwork-style and is weakly to moderately pyritic. The Vindaloo trend, where the bulk of the Mineral Reserves have been identified, has been drill tested for a distance of approximately 7.7 kilometres along strike and up to 350 metres depth. The intrusion-hosted zones range up to 70 metres in true thickness and average close to 20 metres true thickness along a 1.2 kilometre section of the zone called Vindaloo Main. Volcanic and sediment-hosted zones are generally less than 5 metres wide. The entire mineralized package strikes north-northeast and dips steeply to the west. The mineralization remains open both along strike and to depth.
The Sandstorm NSR Royalty covers approximately 500 square kilometers within the highly prospective Birimian Greenstone belt. Exploration drilling resumed on the property in early 2017 following a two year period of inactivity and has confirmed the occurrence of high-grade mineralization at the nearby Kari Pump as well as other targets such as Bouéré, Bombi, Koho and Kari Fault. Endeavour has incurred approximately US$5 million in exploration spending during 2017 and has set an exploration budget of US$40 million to be spent over the next four years.
In 2018, Endeavour will undertake an exploration campaign on the Kari Pump target to test the continuity of the mineralized corridors and its extensions along strike and at depth. In addition, infill drilling will be conducted to delineate a maiden Indicated Mineral Resource at Kari Pump, expected to be released during the second half of 2018. Mineralization will also be tested at the Kari target with an exploration program on a large gold-in-soil anomaly.
For more information on the location of the exploration target areas refer to the following claim map: http://www.sandstormgold.com/_resources/images/Hounde_Claim-…
RESERVES AND RESOURCES
Mineral Reserves and Resources for the Houndé property are effective as of December 31, 2014.
Category
Tonnage
(Mt)
Gold Grade
(g/t)
Contained Gold
(koz)
Proven Reserves
3.7
2.5
295
Probable Reserves
26.9
2.1
1,780
Proven & Probable Reserves
30.6
2.1
2,073
Measured Resources
3.7
2.6
305
Indicated Resources
34.1
2.1
2,242
Measured & Indicated Resources
37.8
2.1
2,546
Inferred Resources
3.2
2.6
273
Notes:
Mineral resources that are not mineral reserves do not have demonstrated economic viability.
All Mineral Resources are reported inclusive of Mineral Reserves.
Tonnages are rounded to the nearest 1,000 tonnes; gold grades are rounded to one decimal place; ounces are rounded to the nearest 1,000oz. Rounding may result in apparent summation differences between tonnes, grade and contained metal.
Tonnes and grade measurements are in metric units; contained gold is in troy ounces.
The reporting of Mineral Reserves and Resources are based on a gold price of US$1,300 and US$1,500 per ounce respectively.
The cut-off grade used is 0.5 g/t gold.
For more information see www.endeavourmining.com and the news release dated February 19, 2015.
—Qualified Person
Keith Laskowski (MSc), Sandstorm's Vice President, Technical Services is a Qualified Professional (#01221QP) of the Mining and Metallurgical Society of America and a Qualified Person as defined by Canadian National Instrument 43-101. Mr. Laskowski has not independently verified the resource estimates contained in this disclosure. He has reviewed and approved the technical information in this press release.
VANCOUVER, Dec. 18, 2017 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSEAMERICAN: SAND, TSX: SSL) is pleased to announce that the Company has agreed to purchase an existing 2% net smelter returns royalty ("NSR Royalty") on the producing Houndé gold mine in Burkina Faso, operated by Endeavour Mining Corporation ("Endeavour"). The NSR Royalty will be acquired from Acacia Mining plc for US$45 million in cash and covers the Kari North and Kari South tenements, representing approximately 500 square kilometres of the Houndé property package. Nearly the entire Houndé Mineral Reserve of 2.1 million ounces (as of December 2014) is located on the Kari North and Kari South tenements, including the Vindaloo deposit and most of the Bouéré deposit. The NSR Royalty acquisition is expected to close in January 2018.
—Acquisition Highlights
Immediate Cash Flow: Commercial production was announced on October 31, 2017 and the Houndé mine is expected to produce 235,000 ounces of gold per year on average over the first four years of operations. The mine has an initial ten year mine life based on the current Mineral Reserves.
Strong Operator: Endeavour is a mid-tier gold producer with five operating mines in Africa. The construction of the Houndé mine was completed ahead of schedule and below budget and the asset is now Endeavour's flagship gold mine.
Exploration Upside: Endeavour has set a discovery target at Houndé of 2.5 million to 3.5 million ounces of gold over the next four years with US$40 million in budgeted expenditures from 2018 to 2021. A number of the high-priority targets are on the Sandstorm royalty ground.
Sandstorm's President and CEO Nolan Watson remarked, "The Houndé royalty is a natural fit for the Sandstorm portfolio as the asset meets all of the criteria that we look for in an acquisition. Shareholders will benefit from an immediate 10% increase in cash flow per share beginning in 2018, Endeavour has proven to be an adept operator in West Africa and we're extremely excited about the exploration potential on what is a massive property. The nearly 500 square kilometre area that applies to the royalty is one of the largest prospective land packages in Sandstorm's royalty portfolio and Endeavour has committed tens of millions of dollars in exploration spending in the coming years to aggressively search for new ore. Sandstorm will be a direct beneficiary of that work."
—About Houndé
Houndé is Endeavour's flagship asset and ranks amongst West Africa's top tier cash generating mines. The average annual production during the first four years of operations is expected to be 235,000 ounces of gold at an all-in-sustaining-cost of US$610 per ounce.
The Houndé project is located 250 kilometres southwest of Ouagadougou, the capital city of Burkina Faso. Infrastructure in the area includes a paved highway approximately 2.7 kilometres from the mine site, a 225 kV power line as close as 200 metres in some areas and a rail line that extends to the port of Abidjan, Côte d'Ivoire approximately 25 kilometres west of the deposit area.
Houndé is an open-pit mine with a 3.0 million tonne per year gravity circuit and carbon-in-leach plant. The gravity concentrate is processed through an intensive cyanide leach reactor followed by electrowinning to recover the gold. The carbon-in-leach feed is thickened and fed into a standard carbon-in-leach circuit. Construction of the project began in April 2016 and was completed in October 2017 ahead of schedule and below budget. Commercial production was declared in early November 2017, more than two months ahead of schedule following the rapid construction and ramp-up periods, with nameplate capacity achieved within weeks following the introduction of ore into the mill. Production results to date have exceeded design parameters including recovery rates which have averaged 95%.
The mineralization at Houndé is mainly quartz stockwork-style and is weakly to moderately pyritic. The Vindaloo trend, where the bulk of the Mineral Reserves have been identified, has been drill tested for a distance of approximately 7.7 kilometres along strike and up to 350 metres depth. The intrusion-hosted zones range up to 70 metres in true thickness and average close to 20 metres true thickness along a 1.2 kilometre section of the zone called Vindaloo Main. Volcanic and sediment-hosted zones are generally less than 5 metres wide. The entire mineralized package strikes north-northeast and dips steeply to the west. The mineralization remains open both along strike and to depth.
The Sandstorm NSR Royalty covers approximately 500 square kilometers within the highly prospective Birimian Greenstone belt. Exploration drilling resumed on the property in early 2017 following a two year period of inactivity and has confirmed the occurrence of high-grade mineralization at the nearby Kari Pump as well as other targets such as Bouéré, Bombi, Koho and Kari Fault. Endeavour has incurred approximately US$5 million in exploration spending during 2017 and has set an exploration budget of US$40 million to be spent over the next four years.
In 2018, Endeavour will undertake an exploration campaign on the Kari Pump target to test the continuity of the mineralized corridors and its extensions along strike and at depth. In addition, infill drilling will be conducted to delineate a maiden Indicated Mineral Resource at Kari Pump, expected to be released during the second half of 2018. Mineralization will also be tested at the Kari target with an exploration program on a large gold-in-soil anomaly.
For more information on the location of the exploration target areas refer to the following claim map: http://www.sandstormgold.com/_resources/images/Hounde_Claim-…
RESERVES AND RESOURCES
Mineral Reserves and Resources for the Houndé property are effective as of December 31, 2014.
Category
Tonnage
(Mt)
Gold Grade
(g/t)
Contained Gold
(koz)
Proven Reserves
3.7
2.5
295
Probable Reserves
26.9
2.1
1,780
Proven & Probable Reserves
30.6
2.1
2,073
Measured Resources
3.7
2.6
305
Indicated Resources
34.1
2.1
2,242
Measured & Indicated Resources
37.8
2.1
2,546
Inferred Resources
3.2
2.6
273
Notes:
Mineral resources that are not mineral reserves do not have demonstrated economic viability.
All Mineral Resources are reported inclusive of Mineral Reserves.
Tonnages are rounded to the nearest 1,000 tonnes; gold grades are rounded to one decimal place; ounces are rounded to the nearest 1,000oz. Rounding may result in apparent summation differences between tonnes, grade and contained metal.
Tonnes and grade measurements are in metric units; contained gold is in troy ounces.
The reporting of Mineral Reserves and Resources are based on a gold price of US$1,300 and US$1,500 per ounce respectively.
The cut-off grade used is 0.5 g/t gold.
For more information see www.endeavourmining.com and the news release dated February 19, 2015.
—Qualified Person
Keith Laskowski (MSc), Sandstorm's Vice President, Technical Services is a Qualified Professional (#01221QP) of the Mining and Metallurgical Society of America and a Qualified Person as defined by Canadian National Instrument 43-101. Mr. Laskowski has not independently verified the resource estimates contained in this disclosure. He has reviewed and approved the technical information in this press release.
Na, du tapferer Alleinunterhalter?
Glaubst du wirklich immer noch an diesen "Wert"?
Ich hatte ihn schon 3 x - und hab ihn 3 x mit Velust wieder verkauft.
OK, falsches Timing & my fault ... aber warum nicht Wheaton oder Franco Nevada????
Glaubst du wirklich immer noch an diesen "Wert"?
Ich hatte ihn schon 3 x - und hab ihn 3 x mit Velust wieder verkauft.
OK, falsches Timing & my fault ... aber warum nicht Wheaton oder Franco Nevada????
SANDSTORM GOLD INCREASES CREDIT FACILITY TO US$150 MILLION
Vancouver, British Columbia | December 20, 2017
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSEAMERICAN: SAND, TSX: SSL) is pleased to announce that it has amended its revolving credit agreement (the “Revolving Loan”), allowing the Company to borrow up to US$150 million for general corporate purposes, including paying dividends.
The syndicate of banks include The Bank of Nova Scotia, Bank of Montreal, National Bank of Canada, Canadian Imperial Bank of Commerce, and Royal Bank of Canada. The Revolving Loan has a term of four years, maturing on December 20, 2021.
Vancouver, British Columbia | December 20, 2017
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSEAMERICAN: SAND, TSX: SSL) is pleased to announce that it has amended its revolving credit agreement (the “Revolving Loan”), allowing the Company to borrow up to US$150 million for general corporate purposes, including paying dividends.
The syndicate of banks include The Bank of Nova Scotia, Bank of Montreal, National Bank of Canada, Canadian Imperial Bank of Commerce, and Royal Bank of Canada. The Revolving Loan has a term of four years, maturing on December 20, 2021.
Antwort auf Beitrag Nr.: 56.511.125 von MONSIEURCB am 20.12.17 23:47:49ja bin ich und bin auch erst 35% vorne, da ging einiges besser...
chart sieht auch bis 3 jahre ähnlich aus. sandstorm beginnt besser zu laufen als der rest.
franco ist natürlich der goldstandart der royalties und ging langfristig auch gut durch den bärenmarkt plus dividende
Einfaches Einfügen von wallstreetONLINE Charts: So funktionierts.
chart sieht auch bis 3 jahre ähnlich aus. sandstorm beginnt besser zu laufen als der rest.
franco ist natürlich der goldstandart der royalties und ging langfristig auch gut durch den bärenmarkt plus dividende
Einfaches Einfügen von wallstreetONLINE Charts: So funktionierts.
Sandstorm Gold Announces Record Production, Completes Sale of US$18 Million of Equinox Securities and Provides Asset Updates
VANCOUVER, Jan. 3, 2018 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) (NYSEAMERICAN: SAND, TSX: SSL) is pleased to announce record gold equivalent production in 2017, the sale of US$18 million of securities of Equinox Gold Corp. ("Equinox"), as well as recent updates from the Company's royalty properties.
— Sandstorm Sells Record Number of Gold Equivalent Ounces in 2017
During the 2017 year, Sandstorm sold approximately 54,600 attributable gold equivalent ounces1 (FY 2016 – 49,731 ounces), the highest yearly total in Company history. The attributable gold equivalent ounces were generated from 20 streams and royalties, with approximately 80% of the ounces coming from operations run by major and mid-tier mining companies.
— Sandstorm Sells Securities of Equinox for Proceeds of US$18 Million; Business Combination to form Equinox Gold Completed
Sandstorm has completed the sale of US$15 million worth of Equinox convertible debentures and US$3.2 million of Equinox common shares to Ross Beaty. The sale was previously announced on October 25, 2017 and was subject to the closing of the business combination between Trek Mining, NewCastle Gold Ltd. (CTMQF) and Anfield Gold Corp., which was completed on December 22, 2017. The new entity, Equinox, has approximately C$98 million in cash and marketable securities and a US$85 million credit facility. With the available capital, the Aurizona project in Brazil is fully funded to production.
The final key permit for restarting construction and mining at Aurizona was received in November, allowing Equinox to complete construction activities and expand the mill throughput to 8,000 tonnes per day. Early works construction is underway and Equinox is on track to pour gold at Aurizona in late 2018. The operation is expected to produce an average of 136,000 ounces of gold per year.
For more information, visit the Equinox website at www.equinoxgold.com and see the press releases dated November 16, 2017 and December 22, 2017.
Sandstorm has a 3% - 5% sliding scale net smelter returns ("NSR") royalty on the Aurizona project. At gold prices less than or equal to US$1,500 per ounce, the royalty is a 3% NSR. In addition, Sandstorm holds a 2% NSR royalty on the Aurizona Greenfields property, a 190,073 hectare package of exploration ground adjacent to the Aurizona project. An exploration agreement with AngloGold Ashanti Limited ("AngloGold") was announced in 2016, whereby AngloGold may invest US$14 million in exploration to earn a 70% interest in Aurizona Greenfields.
— Development Continues at Hot Maden
Lidya Madencilik San. ve Tic. A.Ŕ. ("Lidya Madencilik") is continuing to advance the Hot Maden project located in northeast Turkey. Recent work has included mine design, metallurgical test work, geotechnical analysis, environmental studies and exploration drilling. This work is culminating in a Pre-Feasibility study which is on track to be released in the first half of 2018.
Approximately 25,000 metres of infill and exploration drilling has been completed at Hot Maden during 2017. Recent drill highlights include:
HTD-157: 28.0 metres of 47.5 g/t gold and 1.65% copper from 287.0 metres including,
7.0 metres of 97.6 g/t gold and 3.86% copper from 308.0 metres;
HTD-159: 3.5 metres of 32.3 g/t gold and 0.87% copper from 165.5 metres and 4.0 metres of 7.4 g/t gold and 1.74% copper from 210.0 metres.
For QA/QC information see the appendix of this news release. Sandstorm has a 30% profits interest and a 2% NSR royalty on the Hot Maden project.
— Columbus Gold and Nordgold Announce Decision to Proceed with Construction on Montagne d'Or
Columbus Gold Corp. ("Columbus Gold") and Nord Gold SE ("Nordgold") announced the decision to proceed with construction of the Montagne d'Or gold mine in French Guiana. Commencement of construction is subject to additional requirements including a public consultation and the receipt of required permits and authorizations. The Environmental and Social Impact Study is expected to be submitted during the first quarter of 2018 and the mine permit application is expected to be completed in the third quarter of 2018.
For more information, visit the Columbus Gold website at www.columbusgoldcorp.com and see the press release dated December 18, 2017.
Sandstorm has a 1.0% NSR royalty on the Montagne d'Or project.
— Antofagasta Earning into Ball Creek Property
Evrim Resources Corp. ("Evrim") announced that they have signed a definitive agreement with Antofagasta plc ("Antofagasta") to earn into the Ball Creek property in northwestern British Columbia. Under the terms of the agreement, Antofagasta can earn an initial 51% by spending US$6 million over a six year period. Antofagasta has committed to spending US$300,000 as a firm commitment, during the first year of the agreement. If Antofagasta chooses to earn their initial interest, they may elect to earn an additional 19% interest by spending either US$25 million or completing a Pre-Feasibility study.
For more information, visit the Evrim website at www.evrimresources.com and see the press release dated May 15, 2017.
Sandstorm holds a 2% NSR royalty on the Ball Creek property.
— Sandstorm Completes Disposition of Cote d'Ivoire Assets and Files Early Warning Report
Awalé Resources Limited ("Awalé") has completed the acquisition of several Cote d'Ivoire assets that were previously controlled by Mariana Resources Ltd. (MRLDF), which was acquired by Sandstorm in July 2017. As consideration for the transaction, Sandstorm received a 2% NSR royalty over the Bondoukou, Abengourou and Odienné projects areas and will receive C$400,000 in cash or shares of Awalé on each anniversary of the acquisition until commercial production is achieved.
The land package Awalé holds is currently 1,589 km2, with application for an additional 2,393 km2. In 2018, the planned work at Bondoukou includes geochemistry followed up by 5,000 to 7,500 metres of RC drilling to test targets. A regional survey is expected to commence at Odienné and reconnaissance mapping and sampling is planned at Abengourou.
Pursuant to National Instrument 62-103 - The Early Warning System and Related Take Over Bid and Insider Reporting Issues, Sandstorm is announcing the acquisition of an aggregate of 3,137,200 common shares ("Awalé Shares") and 500,000 share purchase warrants ("Awalé Warrants") of Awalé. Sandstorm acquired 1,000,000 shares and 500,000 warrants pursuant to a private placement conducted by Awalé. The remaining 2,137,200 shares were acquired by Sandstorm upon the conversion of certain debt owed by Awalé to Sandstorm in connection with the Cote d'Ivoire transaction.
With the acquisition of Awalé Shares, Sandstorm now holds an approximately 10.9% of the outstanding common shares. If Sandstorm exercises the Awalé Warrants, it would then hold 12.4% of the then issued and outstanding Awalé shares (on a partially diluted basis).
The acquisition of the Awalé Shares by Sandstorm was effected for investment purposes. Sandstorm may from time to time acquire additional securities of Awalé, dispose of some or all of the existing or additional securities it holds or will hold, or may continue to hold its current position.
The early warning report, as required under National Instrument 62-103, contains additional information with respect to the foregoing matters and will be filed by the Company on Awalé's SEDAR profile at www.sedar.com.
For more information, visit the Awalé website at www.awaleresources.com and see the press releases dated November 15, 2017 and December 29, 2017.
— McEwen Announces Timmins Exploration Program
McEwen Mining Inc. ("McEwen") announced a strategic financing of US$10 million to accelerate exploration at their properties near Timmins, Ontario, with a focus on the Black Fox property. Deep exploration drilling below the bottom of the known mineralization at Black Fox is a high priority and a program of deep directional exploration drilling from surface is underway. Black Fox currently hosts resources to a depth of 880 metres.
Another important target on the Black Fox property is the area around the Froome deposit, located 800 metres to the west of the Black Fox mine. An additional exploration program has been proposed to test the geologic structure to the northwest and southeast of the mine.
For more information, visit the McEwen website at www.mcewenmining.com and see the press release dated December 1, 2017.
Sandstorm has a gold stream agreement to purchase 8% of the gold produced from Black Fox at an ongoing cost of US$531 per ounce.
— Metanor Hits Multiple Gold-Bearing Shear Zones at Barry and Begins Underground Drilling Moroy Veins at Bachelor Lake
Metanor Resources Inc. ("Metanor") has announced that their ongoing exploration program at the Barry gold deposit has successfully identified multiple gold bearing shear zones. The results from this drilling campaign continue to expand the size and confirm the continuity of these structures. Metanor has identified the presence of mineralization along a strike length of 900 metres and to a depth of 550 metres. Highlighted drill intercepts in the quartz-pyrite veins associated with the shear zones include:
MB-17-113: 2.6 metres of 7.8 g/t gold from 165.0 metres;
MB-17-118: 4.0 metres of 5.2 g/t gold from 230.0 metres;
MB-17-120: 4.3 metres of 5.8 g/t gold from 422.0 metres; and
MB-17-122: 2.0 metres of 14.5 g/t gold from 308.0 metres.
A drilling program is also underway at the Bachelor Lake mine. Metanor began the development of an exploration drift to test the extension of the Moroy veins at depth. The exploration drift development is expected to reach the Moroy veins in January 2018, after which the development team will verify the lateral extension and the continuity of the veins. Assay results from the first two holes are shown below:
MY17-001: 2.0 metres of 4.6 g/t gold from 302.1 metres;
MY17-002: 0.6 metres of 20.4 g/t gold from 327.6 metres and 1.2 metres of 41.6 g/t gold from 375.3 metres.
During Metanor's annual general meeting, they provided a list of goals for 2018. These goals included accessing and developing the Moroy deposit, exploring Bachelor and Moroy at depth, obtaining all environmental authorizations to increase the mill capacity to 2,400 tonnes per day and increasing annual production at Bachelor Lake to 50,000 ounces.
The goals related to the Barry deposit include completing an underground bulk sample and exploring the Urban-Barry Camp. By 2020, Metanor has set a goal to reach a production rate of 100,000 ounces of gold per year.
Sandstorm amended the Bachelor Lake gold stream with Metanor on October 1, 2017. Sandstorm will receive a minimum of 1,500 ounces of gold per quarter until 12,000 ounces of gold have been delivered and then the gold stream will then convert to a 3.9% NSR royalty. In addition to this, Sandstorm holds an additional 1.0% NSR royalty on Bachelor Lake. At Barry, Sandstorm has a NSR royalty of 4.4%-4.9%.
True widths are estimated to range between 70%-95% of core lengths at Barry and 65%-85% of core lengths at Bachelor Lake. Grades were uncapped at both Barry and Bachelor Lake. For more information and full drill results, visit the Metanor website at www.metanor.ca and see the press releases dated November 2, 2017 and November 15, 2017.
— Alexandria Continues to Expand Shallow Gold Mineralization at Orenada Zone 4
Alexandria Minerals Corporation ("Alexandria") announced the assay results from 10 drill holes completed in its summer exploration program at Orenada Zone 4. The Zone 4 project is located at the western end of Alexandria's 35 kilometre-long Cadillac Break property package. The reported results confirm gold mineralization east of the Zone 4 open pit over a 250 metre strike length and expand the limits of the 2009 resource estimate. Highlights of the reported drill intercepts include:
OAX-17-168: 17.5 metres of 8.6 g/t gold from 24.8 metres and 35.7 metres of 4.3 g/t gold from 223.3 metres;
OAX-17-156: 131.5 metres of 1.7 g/t gold from 104.9 metres including 47.2 metres of 2.7 g/t gold from 189.2 metres; and
OAX-17-160: 127.8 metres of 1.0 g/t gold from 125.0 metres including 33.5 metres of 1.5 g/t gold from 125.0 metres.
Eric Owens, President and CEO of Alexandria stated "These exciting results emphasize potential for both growth and grade at Zone 4. We are finding a very robust core area that extends 1,100 metres along strike, down to 300 metres at depth and continues to be open in all directions. Our ongoing geologic and resource modelling efforts are being confirmed and strengthened as results come in. With assay results pending for 70 holes, we expect further great results for the rest of the year."
Lengths are reported as drill core lengths but are considered to be close to true vertical thickness; vertical depth is estimated at 97% of core length. Assay intersections are reported using a 0.5 g/t Au cut-off for bulk runs, and a 2.0 g/t Au cut-off for the higher-grade veins. For more information and complete drill results, visit the Alexandria website at www.azx.ca and see the press release dated October 26, 2017.
Sandstorm holds a 1% NSR royalty and NSR buy-back rights on the Cadillac Break property group in the Val d'Or area.
— Gowest Gold Intersects 66.7 g/t Gold Over 2.5 Metres at Bradshaw
Gowest Gold Ltd. ("Gowest") reported assay results from their recently completed underground infill drilling program at the Bradshaw gold deposit. Results have been received from 17 of the 29 holes drilled in this campaign and assay results from the remaining holes are expected in the coming weeks. Drill result highlights include:
BGM17-045-015: 2.5 metres of 66.7 g/t gold from 73.0 metres including 1.0 metre of 156.0 g/t gold;
BGM17-045-004: 1.75 metres of 11.0 g/t gold from 84.8 metres including 0.5 metres of 26.5 g/t gold; and
BGM17-045-014: 1.1 metres of 16.4 g/t gold from 95.1 metres including 0.5 metres of 32.2 g/t gold.
Underground development is advancing at Bradshaw in preparation for a 30,000-tonne bulk sample. The bulk sample is being taken from an area of the deposit closest to the portal opening and ore will be sorted to increase the head grade before being trucked to the Liberty Mill where a saleable concentrate will be produced.
The above intervals reflect approximate true widths of the mineralization. Reported gold values are uncapped. For more information and complete drill results, visit the Gowest website at www.gowestgold.com and see the press release dated November 29, 2017.
Sandstorm holds a 1% gross smelter returns royalty on Bradshaw.
— Appendix
All assay data from the Hot Maden project was provided to Sandstorm by Lidya Madencilik. Most samples are 1.0 or 2.0 metres in width. Drill hole intercepts are approximately 75-85% of true thickness. The previously mentioned drill intercepts were calculated using a 1.0 g/t Au low grade cut-off and assays were not capped. The minimum reported interval is 2.0 meters @ 1.0 g/t Au; intercepts may include one sample interval of internal dilution and one interval of adjacent dilution.
Main Zone: HTD-157 (TD: 462m)
Drill hole HTD 157 was drilled to the east (090) on section 2075N within the southern end of the known resource. The hole was inclined at an angle of -54°. (Technical Report - PEA dated March 1, 2017). The hole intercepted the west dipping gold and copper mineralized zone hosted in the andesite unit.
South Zone: HTD-159 (TD: 369)
Drill hole HTD 159 was drilled to the east within the north end of the South Zone at an angle of -56. The hole contains multiple zone of gold mineralization hosted within the dacite breccia unit.
Hot Maden mineralized intervals presented in this press release are drill intersection widths and may not represent true widths of mineralisation. Drill core obtained from the diamond drill program was dominantly HQ-sized core with the remainder being PQ-sized core. All drill core was photographed and quick logged prior to sampling. Standard sampling protocol involved the halving of all drill core and sampling over generally 1 metre intervals in clearly mineralized sections or 2.0 metre intervals elsewhere, with one half of the core being placed in a sealed sample bag and dispatched to the analytical laboratory for analysis. Samples have been analysed at ALS Laboratories' facility in Izmir, western Turkey. All samples have been analysed for gold using a 30 gram Fire Assay with AAS finish (or Screen Fire Assay for higher grade samples), in addition to a 32 element ICP-AES analysis of an aqua regia digest. Samples in which ICP analyses returned greater than the maximum detection limit for the elements Ag (10 ppm), Cu (10,000 ppm), Fe (15%), Pb (10,000 ppm), and Zn (10,000 ppm) were reanalysed using the AAS analytical technique. Standards and blanks were inserted in to the analytical sequence on the basis of one standard for every 20 samples, 2 blanks in every batch, and one duplicate every 40 samples.
Reference: NI-43-101 Technical Report: PEA Hot Maden Gold Copper Project, Artvin Province, Turkey; March 1, 2017; McDiarmid, J. et al., RungePincockMinarco.
— Qualified Person
Keith Laskowski (MSc), Sandstorm's Vice President, Technical Services is a Qualified Professional (#01221QP) of the Mining and Metallurgical Society of America and a Qualified Person as defined by Canadian National Instrument 43-101. He has reviewed and approved the technical information in this press release.
VANCOUVER, Jan. 3, 2018 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) (NYSEAMERICAN: SAND, TSX: SSL) is pleased to announce record gold equivalent production in 2017, the sale of US$18 million of securities of Equinox Gold Corp. ("Equinox"), as well as recent updates from the Company's royalty properties.
— Sandstorm Sells Record Number of Gold Equivalent Ounces in 2017
During the 2017 year, Sandstorm sold approximately 54,600 attributable gold equivalent ounces1 (FY 2016 – 49,731 ounces), the highest yearly total in Company history. The attributable gold equivalent ounces were generated from 20 streams and royalties, with approximately 80% of the ounces coming from operations run by major and mid-tier mining companies.
— Sandstorm Sells Securities of Equinox for Proceeds of US$18 Million; Business Combination to form Equinox Gold Completed
Sandstorm has completed the sale of US$15 million worth of Equinox convertible debentures and US$3.2 million of Equinox common shares to Ross Beaty. The sale was previously announced on October 25, 2017 and was subject to the closing of the business combination between Trek Mining, NewCastle Gold Ltd. (CTMQF) and Anfield Gold Corp., which was completed on December 22, 2017. The new entity, Equinox, has approximately C$98 million in cash and marketable securities and a US$85 million credit facility. With the available capital, the Aurizona project in Brazil is fully funded to production.
The final key permit for restarting construction and mining at Aurizona was received in November, allowing Equinox to complete construction activities and expand the mill throughput to 8,000 tonnes per day. Early works construction is underway and Equinox is on track to pour gold at Aurizona in late 2018. The operation is expected to produce an average of 136,000 ounces of gold per year.
For more information, visit the Equinox website at www.equinoxgold.com and see the press releases dated November 16, 2017 and December 22, 2017.
Sandstorm has a 3% - 5% sliding scale net smelter returns ("NSR") royalty on the Aurizona project. At gold prices less than or equal to US$1,500 per ounce, the royalty is a 3% NSR. In addition, Sandstorm holds a 2% NSR royalty on the Aurizona Greenfields property, a 190,073 hectare package of exploration ground adjacent to the Aurizona project. An exploration agreement with AngloGold Ashanti Limited ("AngloGold") was announced in 2016, whereby AngloGold may invest US$14 million in exploration to earn a 70% interest in Aurizona Greenfields.
— Development Continues at Hot Maden
Lidya Madencilik San. ve Tic. A.Ŕ. ("Lidya Madencilik") is continuing to advance the Hot Maden project located in northeast Turkey. Recent work has included mine design, metallurgical test work, geotechnical analysis, environmental studies and exploration drilling. This work is culminating in a Pre-Feasibility study which is on track to be released in the first half of 2018.
Approximately 25,000 metres of infill and exploration drilling has been completed at Hot Maden during 2017. Recent drill highlights include:
HTD-157: 28.0 metres of 47.5 g/t gold and 1.65% copper from 287.0 metres including,
7.0 metres of 97.6 g/t gold and 3.86% copper from 308.0 metres;
HTD-159: 3.5 metres of 32.3 g/t gold and 0.87% copper from 165.5 metres and 4.0 metres of 7.4 g/t gold and 1.74% copper from 210.0 metres.
For QA/QC information see the appendix of this news release. Sandstorm has a 30% profits interest and a 2% NSR royalty on the Hot Maden project.
— Columbus Gold and Nordgold Announce Decision to Proceed with Construction on Montagne d'Or
Columbus Gold Corp. ("Columbus Gold") and Nord Gold SE ("Nordgold") announced the decision to proceed with construction of the Montagne d'Or gold mine in French Guiana. Commencement of construction is subject to additional requirements including a public consultation and the receipt of required permits and authorizations. The Environmental and Social Impact Study is expected to be submitted during the first quarter of 2018 and the mine permit application is expected to be completed in the third quarter of 2018.
For more information, visit the Columbus Gold website at www.columbusgoldcorp.com and see the press release dated December 18, 2017.
Sandstorm has a 1.0% NSR royalty on the Montagne d'Or project.
— Antofagasta Earning into Ball Creek Property
Evrim Resources Corp. ("Evrim") announced that they have signed a definitive agreement with Antofagasta plc ("Antofagasta") to earn into the Ball Creek property in northwestern British Columbia. Under the terms of the agreement, Antofagasta can earn an initial 51% by spending US$6 million over a six year period. Antofagasta has committed to spending US$300,000 as a firm commitment, during the first year of the agreement. If Antofagasta chooses to earn their initial interest, they may elect to earn an additional 19% interest by spending either US$25 million or completing a Pre-Feasibility study.
For more information, visit the Evrim website at www.evrimresources.com and see the press release dated May 15, 2017.
Sandstorm holds a 2% NSR royalty on the Ball Creek property.
— Sandstorm Completes Disposition of Cote d'Ivoire Assets and Files Early Warning Report
Awalé Resources Limited ("Awalé") has completed the acquisition of several Cote d'Ivoire assets that were previously controlled by Mariana Resources Ltd. (MRLDF), which was acquired by Sandstorm in July 2017. As consideration for the transaction, Sandstorm received a 2% NSR royalty over the Bondoukou, Abengourou and Odienné projects areas and will receive C$400,000 in cash or shares of Awalé on each anniversary of the acquisition until commercial production is achieved.
The land package Awalé holds is currently 1,589 km2, with application for an additional 2,393 km2. In 2018, the planned work at Bondoukou includes geochemistry followed up by 5,000 to 7,500 metres of RC drilling to test targets. A regional survey is expected to commence at Odienné and reconnaissance mapping and sampling is planned at Abengourou.
Pursuant to National Instrument 62-103 - The Early Warning System and Related Take Over Bid and Insider Reporting Issues, Sandstorm is announcing the acquisition of an aggregate of 3,137,200 common shares ("Awalé Shares") and 500,000 share purchase warrants ("Awalé Warrants") of Awalé. Sandstorm acquired 1,000,000 shares and 500,000 warrants pursuant to a private placement conducted by Awalé. The remaining 2,137,200 shares were acquired by Sandstorm upon the conversion of certain debt owed by Awalé to Sandstorm in connection with the Cote d'Ivoire transaction.
With the acquisition of Awalé Shares, Sandstorm now holds an approximately 10.9% of the outstanding common shares. If Sandstorm exercises the Awalé Warrants, it would then hold 12.4% of the then issued and outstanding Awalé shares (on a partially diluted basis).
The acquisition of the Awalé Shares by Sandstorm was effected for investment purposes. Sandstorm may from time to time acquire additional securities of Awalé, dispose of some or all of the existing or additional securities it holds or will hold, or may continue to hold its current position.
The early warning report, as required under National Instrument 62-103, contains additional information with respect to the foregoing matters and will be filed by the Company on Awalé's SEDAR profile at www.sedar.com.
For more information, visit the Awalé website at www.awaleresources.com and see the press releases dated November 15, 2017 and December 29, 2017.
— McEwen Announces Timmins Exploration Program
McEwen Mining Inc. ("McEwen") announced a strategic financing of US$10 million to accelerate exploration at their properties near Timmins, Ontario, with a focus on the Black Fox property. Deep exploration drilling below the bottom of the known mineralization at Black Fox is a high priority and a program of deep directional exploration drilling from surface is underway. Black Fox currently hosts resources to a depth of 880 metres.
Another important target on the Black Fox property is the area around the Froome deposit, located 800 metres to the west of the Black Fox mine. An additional exploration program has been proposed to test the geologic structure to the northwest and southeast of the mine.
For more information, visit the McEwen website at www.mcewenmining.com and see the press release dated December 1, 2017.
Sandstorm has a gold stream agreement to purchase 8% of the gold produced from Black Fox at an ongoing cost of US$531 per ounce.
— Metanor Hits Multiple Gold-Bearing Shear Zones at Barry and Begins Underground Drilling Moroy Veins at Bachelor Lake
Metanor Resources Inc. ("Metanor") has announced that their ongoing exploration program at the Barry gold deposit has successfully identified multiple gold bearing shear zones. The results from this drilling campaign continue to expand the size and confirm the continuity of these structures. Metanor has identified the presence of mineralization along a strike length of 900 metres and to a depth of 550 metres. Highlighted drill intercepts in the quartz-pyrite veins associated with the shear zones include:
MB-17-113: 2.6 metres of 7.8 g/t gold from 165.0 metres;
MB-17-118: 4.0 metres of 5.2 g/t gold from 230.0 metres;
MB-17-120: 4.3 metres of 5.8 g/t gold from 422.0 metres; and
MB-17-122: 2.0 metres of 14.5 g/t gold from 308.0 metres.
A drilling program is also underway at the Bachelor Lake mine. Metanor began the development of an exploration drift to test the extension of the Moroy veins at depth. The exploration drift development is expected to reach the Moroy veins in January 2018, after which the development team will verify the lateral extension and the continuity of the veins. Assay results from the first two holes are shown below:
MY17-001: 2.0 metres of 4.6 g/t gold from 302.1 metres;
MY17-002: 0.6 metres of 20.4 g/t gold from 327.6 metres and 1.2 metres of 41.6 g/t gold from 375.3 metres.
During Metanor's annual general meeting, they provided a list of goals for 2018. These goals included accessing and developing the Moroy deposit, exploring Bachelor and Moroy at depth, obtaining all environmental authorizations to increase the mill capacity to 2,400 tonnes per day and increasing annual production at Bachelor Lake to 50,000 ounces.
The goals related to the Barry deposit include completing an underground bulk sample and exploring the Urban-Barry Camp. By 2020, Metanor has set a goal to reach a production rate of 100,000 ounces of gold per year.
Sandstorm amended the Bachelor Lake gold stream with Metanor on October 1, 2017. Sandstorm will receive a minimum of 1,500 ounces of gold per quarter until 12,000 ounces of gold have been delivered and then the gold stream will then convert to a 3.9% NSR royalty. In addition to this, Sandstorm holds an additional 1.0% NSR royalty on Bachelor Lake. At Barry, Sandstorm has a NSR royalty of 4.4%-4.9%.
True widths are estimated to range between 70%-95% of core lengths at Barry and 65%-85% of core lengths at Bachelor Lake. Grades were uncapped at both Barry and Bachelor Lake. For more information and full drill results, visit the Metanor website at www.metanor.ca and see the press releases dated November 2, 2017 and November 15, 2017.
— Alexandria Continues to Expand Shallow Gold Mineralization at Orenada Zone 4
Alexandria Minerals Corporation ("Alexandria") announced the assay results from 10 drill holes completed in its summer exploration program at Orenada Zone 4. The Zone 4 project is located at the western end of Alexandria's 35 kilometre-long Cadillac Break property package. The reported results confirm gold mineralization east of the Zone 4 open pit over a 250 metre strike length and expand the limits of the 2009 resource estimate. Highlights of the reported drill intercepts include:
OAX-17-168: 17.5 metres of 8.6 g/t gold from 24.8 metres and 35.7 metres of 4.3 g/t gold from 223.3 metres;
OAX-17-156: 131.5 metres of 1.7 g/t gold from 104.9 metres including 47.2 metres of 2.7 g/t gold from 189.2 metres; and
OAX-17-160: 127.8 metres of 1.0 g/t gold from 125.0 metres including 33.5 metres of 1.5 g/t gold from 125.0 metres.
Eric Owens, President and CEO of Alexandria stated "These exciting results emphasize potential for both growth and grade at Zone 4. We are finding a very robust core area that extends 1,100 metres along strike, down to 300 metres at depth and continues to be open in all directions. Our ongoing geologic and resource modelling efforts are being confirmed and strengthened as results come in. With assay results pending for 70 holes, we expect further great results for the rest of the year."
Lengths are reported as drill core lengths but are considered to be close to true vertical thickness; vertical depth is estimated at 97% of core length. Assay intersections are reported using a 0.5 g/t Au cut-off for bulk runs, and a 2.0 g/t Au cut-off for the higher-grade veins. For more information and complete drill results, visit the Alexandria website at www.azx.ca and see the press release dated October 26, 2017.
Sandstorm holds a 1% NSR royalty and NSR buy-back rights on the Cadillac Break property group in the Val d'Or area.
— Gowest Gold Intersects 66.7 g/t Gold Over 2.5 Metres at Bradshaw
Gowest Gold Ltd. ("Gowest") reported assay results from their recently completed underground infill drilling program at the Bradshaw gold deposit. Results have been received from 17 of the 29 holes drilled in this campaign and assay results from the remaining holes are expected in the coming weeks. Drill result highlights include:
BGM17-045-015: 2.5 metres of 66.7 g/t gold from 73.0 metres including 1.0 metre of 156.0 g/t gold;
BGM17-045-004: 1.75 metres of 11.0 g/t gold from 84.8 metres including 0.5 metres of 26.5 g/t gold; and
BGM17-045-014: 1.1 metres of 16.4 g/t gold from 95.1 metres including 0.5 metres of 32.2 g/t gold.
Underground development is advancing at Bradshaw in preparation for a 30,000-tonne bulk sample. The bulk sample is being taken from an area of the deposit closest to the portal opening and ore will be sorted to increase the head grade before being trucked to the Liberty Mill where a saleable concentrate will be produced.
The above intervals reflect approximate true widths of the mineralization. Reported gold values are uncapped. For more information and complete drill results, visit the Gowest website at www.gowestgold.com and see the press release dated November 29, 2017.
Sandstorm holds a 1% gross smelter returns royalty on Bradshaw.
— Appendix
All assay data from the Hot Maden project was provided to Sandstorm by Lidya Madencilik. Most samples are 1.0 or 2.0 metres in width. Drill hole intercepts are approximately 75-85% of true thickness. The previously mentioned drill intercepts were calculated using a 1.0 g/t Au low grade cut-off and assays were not capped. The minimum reported interval is 2.0 meters @ 1.0 g/t Au; intercepts may include one sample interval of internal dilution and one interval of adjacent dilution.
Main Zone: HTD-157 (TD: 462m)
Drill hole HTD 157 was drilled to the east (090) on section 2075N within the southern end of the known resource. The hole was inclined at an angle of -54°. (Technical Report - PEA dated March 1, 2017). The hole intercepted the west dipping gold and copper mineralized zone hosted in the andesite unit.
South Zone: HTD-159 (TD: 369)
Drill hole HTD 159 was drilled to the east within the north end of the South Zone at an angle of -56. The hole contains multiple zone of gold mineralization hosted within the dacite breccia unit.
Hot Maden mineralized intervals presented in this press release are drill intersection widths and may not represent true widths of mineralisation. Drill core obtained from the diamond drill program was dominantly HQ-sized core with the remainder being PQ-sized core. All drill core was photographed and quick logged prior to sampling. Standard sampling protocol involved the halving of all drill core and sampling over generally 1 metre intervals in clearly mineralized sections or 2.0 metre intervals elsewhere, with one half of the core being placed in a sealed sample bag and dispatched to the analytical laboratory for analysis. Samples have been analysed at ALS Laboratories' facility in Izmir, western Turkey. All samples have been analysed for gold using a 30 gram Fire Assay with AAS finish (or Screen Fire Assay for higher grade samples), in addition to a 32 element ICP-AES analysis of an aqua regia digest. Samples in which ICP analyses returned greater than the maximum detection limit for the elements Ag (10 ppm), Cu (10,000 ppm), Fe (15%), Pb (10,000 ppm), and Zn (10,000 ppm) were reanalysed using the AAS analytical technique. Standards and blanks were inserted in to the analytical sequence on the basis of one standard for every 20 samples, 2 blanks in every batch, and one duplicate every 40 samples.
Reference: NI-43-101 Technical Report: PEA Hot Maden Gold Copper Project, Artvin Province, Turkey; March 1, 2017; McDiarmid, J. et al., RungePincockMinarco.
— Qualified Person
Keith Laskowski (MSc), Sandstorm's Vice President, Technical Services is a Qualified Professional (#01221QP) of the Mining and Metallurgical Society of America and a Qualified Person as defined by Canadian National Instrument 43-101. He has reviewed and approved the technical information in this press release.
Shell Summary for Jan. 2, 2018
2018-01-02 21:12 ET - Market Summary
by Stockwatch Business Reporter
The TSX Venture Exchange climbed 20.35 points to 871.07 Tuesday. Ron Ho's first capital pool shell, the halted Spada Gold Ltd. (SPL), has completed its qualifying transaction, acquiring three gold properties in the Ivory Coast (see Shell Summary for Nov. 17, 2017). In connection with the QT, Spada raised $3.49-million at 25 cents. It will change its name to Awale Resources Ltd. and expects to resume trading on Jan. 8 under the new ticker symbol ARIC.
All three of the gold properties, Boudoukou, Abengourou and Odienne, came from Sandstorm Gold Ltd. (SSL: $6.32), where Mr. Ho is vice-president of finance. He has been with Sandstorm for the past nine years. Spada paid nothing up front. Instead, it arranged to pay Sandstorm $400,000 a year in cash or shares until the properties reach production. It must also pay fees of up to $3.5-million once it establishes a mineral resource and then $800,000 (U.S.) once it obtains a mining licence.
Sandstorm acquired the properties this past summer, when it bought Mariana Resources Ltd. for $175-million (U.S.) in cash and shares. Sandstorm was mainly interested in Mariana's Hot Maden gold project in Turkey. Both Glen Parsons, Mariana's chief executive officer, and Eric Roth, Mariana's chief operating officer, have agreed to join Awale. They are already planning a drill program for the first quarter. Mariana had spent $1.4-million at the three properties, almost all of which was at Boudoukou.
As for Spada Gold, it listed in April, 2016, with a $200,000 initial public offering at 10 cents. Mr. Ho owns 1.93 million shares or 8.7 per cent of Spada. He will stay on as a director. He is also on the board of GrowMax Resources Corp. (GRO: $0.105), which is exploring for potash in Peru.
2018-01-02 21:12 ET - Market Summary
by Stockwatch Business Reporter
The TSX Venture Exchange climbed 20.35 points to 871.07 Tuesday. Ron Ho's first capital pool shell, the halted Spada Gold Ltd. (SPL), has completed its qualifying transaction, acquiring three gold properties in the Ivory Coast (see Shell Summary for Nov. 17, 2017). In connection with the QT, Spada raised $3.49-million at 25 cents. It will change its name to Awale Resources Ltd. and expects to resume trading on Jan. 8 under the new ticker symbol ARIC.
All three of the gold properties, Boudoukou, Abengourou and Odienne, came from Sandstorm Gold Ltd. (SSL: $6.32), where Mr. Ho is vice-president of finance. He has been with Sandstorm for the past nine years. Spada paid nothing up front. Instead, it arranged to pay Sandstorm $400,000 a year in cash or shares until the properties reach production. It must also pay fees of up to $3.5-million once it establishes a mineral resource and then $800,000 (U.S.) once it obtains a mining licence.
Sandstorm acquired the properties this past summer, when it bought Mariana Resources Ltd. for $175-million (U.S.) in cash and shares. Sandstorm was mainly interested in Mariana's Hot Maden gold project in Turkey. Both Glen Parsons, Mariana's chief executive officer, and Eric Roth, Mariana's chief operating officer, have agreed to join Awale. They are already planning a drill program for the first quarter. Mariana had spent $1.4-million at the three properties, almost all of which was at Boudoukou.
As for Spada Gold, it listed in April, 2016, with a $200,000 initial public offering at 10 cents. Mr. Ho owns 1.93 million shares or 8.7 per cent of Spada. He will stay on as a director. He is also on the board of GrowMax Resources Corp. (GRO: $0.105), which is exploring for potash in Peru.
Naja in kürze kommen Geschäftszahlen dann wissen wir mehr
Sandstorm Gold Announces 2017 Fourth Quarter and Annual Results
Thu February 15, 2018 5:40 PM|PR Newswire|About: SAND
Q4: 02-15-18 Earnings Summary
News
VANCOUVER, Feb. 15, 2018 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) (NYSEAMERICAN: SAND, TSX: SSL) has released its results for the fourth quarter and year ended December 31, 2017 (all figures in U.S. dollars).
— Fourth Quarter Highlights
Attributable gold equivalent ounces sold1 of 12,032 ounces (Q4 2016 – 13,245 ounces);
Revenue of $15.4 million (Q4 2016 - $16.5 million);
Operating cash flow of $9.9 million (Q4 2016 – $10.1 million);
Net income of $0.7 million (Q4 2016 – net loss of $0.02 million);
Credit Facility Amendment: The Company's revolving credit facility was increased to $150 million and amended such that the facility can be used for general corporate purposes. The tenure of the facility is four years.
Royalty Acquisition: Agreed to acquire a 2% net smelter return ("NSR") royalty on the Houndé gold mine in Burkina Faso, operated by Endeavour Mining Corporation ("Endeavour"). The royalty was acquired from Acacia Mining plc for $45 million in cash and covers the Kari North and Kari South tenements, representing approximately 500 square kilometres of the Houndé property package.
— Full Year Highlights
Record attributable gold equivalent ounces sold1 of 54,633 ounces (FY 2016 – 49,731 ounces);
Record revenue of $68.3 million (FY 2016 - $62.4 million);
Average cash cost per attributable gold equivalent ounce of $280 resulting in cash operating margins1 of $970 per ounce (FY 2016 - $258 per ounce and $996 per ounce respectively);
Record operating cash flow of $44.8 million (FY 2016 – $39.0 million);
Net income of $10.5 million (FY 2016 –$25.3 million);
Royalty Acquisitions: During 2017, the Company acquired 39 NSR royalties on properties located in Canada, Mexico, Peru, Botswana, Burkina Faso, Côte d'Ivoire and South Africa. The acquisitions added NSR royalties on operating mines, development-stage assets and exploration-stage projects.
Hot Maden Anchor Asset: Sandstorm added a 30% net profits interest on the Hot Maden project in Turkey by acquiring Mariana Resources Ltd. (MRLDF) ("Mariana Resources"). The addition of Hot Maden to the Company's portfolio of royalties provides for:
approximately 100% increase in estimated future production for only 19% dilution;
an anchor asset that is high-grade and low-cost with significant exploration upside;
a strong local partner with experience in exploring, developing, permitting and operating projects in Turkey; and
exploration properties in Côte d'Ivoire, Turkey, and Argentina which Sandstorm intends on selling and retaining NSR royalties. Sandstorm has sold a number of these assets and continues to make progress in divesting of the remaining properties.
Monetization of Securities: More than $14 million of non-core assets were monetized and reinvested into royalty acquisitions during 2017 and an additional $18.3 million in securities was sold subsequent to quarter end.
Gold Stream Amendment: The Bachelor Lake gold stream with Metanor Resources Inc. ("Metanor") was amended such that Sandstorm will purchase 20% of the gold produced from the Bachelor Lake mine until 12,000 ounces of gold have been purchased by the Company at which time the gold stream will convert into a 3.9% NSR royalty. In consideration for the amendment, Sandstorm also received a 3.9% NSR royalty on Metanor's Barry project and $2.0 million in the common shares of Metanor. The amendment allows Sandstorm to maintain meaningful exposure to production from the Bachelor Lake mine while adding a royalty on the Barry project, an advanced exploration-stage asset located in the emerging Urban-Barry camp.
Normal Course Issuer Bid: Under Sandstorm's normal course issuer bid, the Company is able to purchase approximately 7.6 million common shares until April 4, 2018. During the year ended December 31, 2017, the Company purchased approximately 4.1 million common shares.
Sandstorm's President & CEO, Nolan Watson reflected, "When looking back on the 2017 year, I'm glad to say that we accomplished our objectives and exceeded our goals. As we move forward the Company has a strong cash flow base and a number of exciting projects advancing towards production that will bring substantial growth in the coming years. We've seen another very active period on the exploration side of things with more than 500,000 metres drilled on Sandstorm properties. This represents a huge amount of potential upside for our shareholders. In 2018 our continued focus will be to make royalty acquisitions in order to grow and diversify our portfolio."
— Outlook
Based on the Company's existing royalties, attributable gold equivalent production for 2018 is forecast to be between 50,000 and 60,000 ounces. The Company is forecasting attributable gold equivalent production of approximately 125,000 ounces per annum in 2022.
Thu February 15, 2018 5:40 PM|PR Newswire|About: SAND
Q4: 02-15-18 Earnings Summary
News
VANCOUVER, Feb. 15, 2018 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) (NYSEAMERICAN: SAND, TSX: SSL) has released its results for the fourth quarter and year ended December 31, 2017 (all figures in U.S. dollars).
— Fourth Quarter Highlights
Attributable gold equivalent ounces sold1 of 12,032 ounces (Q4 2016 – 13,245 ounces);
Revenue of $15.4 million (Q4 2016 - $16.5 million);
Operating cash flow of $9.9 million (Q4 2016 – $10.1 million);
Net income of $0.7 million (Q4 2016 – net loss of $0.02 million);
Credit Facility Amendment: The Company's revolving credit facility was increased to $150 million and amended such that the facility can be used for general corporate purposes. The tenure of the facility is four years.
Royalty Acquisition: Agreed to acquire a 2% net smelter return ("NSR") royalty on the Houndé gold mine in Burkina Faso, operated by Endeavour Mining Corporation ("Endeavour"). The royalty was acquired from Acacia Mining plc for $45 million in cash and covers the Kari North and Kari South tenements, representing approximately 500 square kilometres of the Houndé property package.
— Full Year Highlights
Record attributable gold equivalent ounces sold1 of 54,633 ounces (FY 2016 – 49,731 ounces);
Record revenue of $68.3 million (FY 2016 - $62.4 million);
Average cash cost per attributable gold equivalent ounce of $280 resulting in cash operating margins1 of $970 per ounce (FY 2016 - $258 per ounce and $996 per ounce respectively);
Record operating cash flow of $44.8 million (FY 2016 – $39.0 million);
Net income of $10.5 million (FY 2016 –$25.3 million);
Royalty Acquisitions: During 2017, the Company acquired 39 NSR royalties on properties located in Canada, Mexico, Peru, Botswana, Burkina Faso, Côte d'Ivoire and South Africa. The acquisitions added NSR royalties on operating mines, development-stage assets and exploration-stage projects.
Hot Maden Anchor Asset: Sandstorm added a 30% net profits interest on the Hot Maden project in Turkey by acquiring Mariana Resources Ltd. (MRLDF) ("Mariana Resources"). The addition of Hot Maden to the Company's portfolio of royalties provides for:
approximately 100% increase in estimated future production for only 19% dilution;
an anchor asset that is high-grade and low-cost with significant exploration upside;
a strong local partner with experience in exploring, developing, permitting and operating projects in Turkey; and
exploration properties in Côte d'Ivoire, Turkey, and Argentina which Sandstorm intends on selling and retaining NSR royalties. Sandstorm has sold a number of these assets and continues to make progress in divesting of the remaining properties.
Monetization of Securities: More than $14 million of non-core assets were monetized and reinvested into royalty acquisitions during 2017 and an additional $18.3 million in securities was sold subsequent to quarter end.
Gold Stream Amendment: The Bachelor Lake gold stream with Metanor Resources Inc. ("Metanor") was amended such that Sandstorm will purchase 20% of the gold produced from the Bachelor Lake mine until 12,000 ounces of gold have been purchased by the Company at which time the gold stream will convert into a 3.9% NSR royalty. In consideration for the amendment, Sandstorm also received a 3.9% NSR royalty on Metanor's Barry project and $2.0 million in the common shares of Metanor. The amendment allows Sandstorm to maintain meaningful exposure to production from the Bachelor Lake mine while adding a royalty on the Barry project, an advanced exploration-stage asset located in the emerging Urban-Barry camp.
Normal Course Issuer Bid: Under Sandstorm's normal course issuer bid, the Company is able to purchase approximately 7.6 million common shares until April 4, 2018. During the year ended December 31, 2017, the Company purchased approximately 4.1 million common shares.
Sandstorm's President & CEO, Nolan Watson reflected, "When looking back on the 2017 year, I'm glad to say that we accomplished our objectives and exceeded our goals. As we move forward the Company has a strong cash flow base and a number of exciting projects advancing towards production that will bring substantial growth in the coming years. We've seen another very active period on the exploration side of things with more than 500,000 metres drilled on Sandstorm properties. This represents a huge amount of potential upside for our shareholders. In 2018 our continued focus will be to make royalty acquisitions in order to grow and diversify our portfolio."
— Outlook
Based on the Company's existing royalties, attributable gold equivalent production for 2018 is forecast to be between 50,000 and 60,000 ounces. The Company is forecasting attributable gold equivalent production of approximately 125,000 ounces per annum in 2022.
Sandstorm Gold Provides Asset Updates
Mon February 26, 2018 4:09 PM|PR Newswire|About: SAND
VANCOUVER, Feb. 26, 2018 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) (NYSEAMERICAN: SAND, TSX: SSL) is pleased to provide recent development and exploration updates from the Company's royalty properties.
—McEwen Announces 100,000 Metre Exploration Program at the Black Fox Complex
McEwen Mining Inc. ("McEwen") announced details on a US$10 million exploration program at the Black Fox property. The program will include approximately 100,000 metres of drilling to test for extensions of existing resources, to follow-up on significant drill results, and to investigate new exploration targets. Of the total drilling program, 60,000 metres will be surface drilling and 40,000 metres will be underground exploration and delineation drilling. Targets for the 2018 program include Black Fox Deep, Tamarack, Froome, and Grey Fox.
In 2017, underground exploration was focused on extensions of existing resources proximal to the Black Fox mine infrastructure, as well as areas below and along strike of the deposits. Through this exploration program, several advanced development targets were brought into a conceptual mine plan, including the High Quartz zone, extensions of the Deep Central zone, and the Far East zone. The 2017 drill program at the Deep Central zone included definition drilling and tested down plunge and down dip. Highlights of the assay results include:
740-L275-71: 1.8 metres of 41.0 grams per tonne ("g/t") gold from 6.3 metres and 6.1 metres of 36.9 g/t gold from 26.1 metres (from 740 metre elevation);
680-F115-09: 4.0 metres of 77.3 g/t gold from 73.6 metres (at 840 metre elevation);
520-EX346-35: 1.7 metres of 29.5 g/t gold from 385.6 metres (at 675 metre elevation);
520-EX346-23: 5.1 metres of 39.6 g/t gold from 357.2 metres (at 830 metre elevation); and
520-EX346-17: 3.9 metres of 7.2 g/t gold from 474.1 metres (at 910 metre elevation).
There is no top cut or cap of assays and intervals are not true width. For more information and complete drill results, visit the McEwen website at www.mcewenmining.com and see the press release dated January 17, 2018.
Sandstorm has a gold stream agreement to purchase 8% of the gold produced from Black Fox at an ongoing cost of US$540 per ounce.
—Equinox Gold Announces Full-Scale Construction at Aurizona
Equinox Gold Corp. ("Equinox Gold") has announced full-scale construction at the Aurizona Gold mine in Brazil. Equinox Gold's board of directors has approved a total project budget of US$146 million, which includes all working capital and a 12% contingency. The project remains on schedule and on budget as they advance toward the target of pouring gold in late 2018. Construction of the mine is fully funded by Equinox Gold's existing treasury and a US$85 million secured project credit facility.
A 22,000 metre drilling program completed at Aurizona during 2017 has confirmed the extension of mineralization 350 metres along strike to the west of the Piaba deposit and at depth below the shallow western end of the reserve pit. Highlights from recent drill results include:
BRAZD566: 9.0 metres of 4.6 g/t gold from 127.0 metres;
BRAZD567: 19.0 metres of 2.0 g/t gold from 81.0 metres;
BRAZD571: 6.0 metres of 6.6 g/t gold from 50.0 metres;
BRAZD579: 8.0 metres of 3.4 g/t gold from 73.0 metres;
BRAZD585: 34.0 metres of 1.7 g/t gold from 58.0 metres; and
BRAZD586: 34.0 metres of 1.0 g/t gold from 45.0 metres.
Equinox Gold has planned a 34,000 metre drill program in 2018 that will focus on resource growth, target development and discovery.
True widths of the mineralized intervals are interpreted to be 60% - 90% of the reported lengths. For more information and complete drill results, visit the Equinox Gold website at www.equinoxgold.com and see the press releases dated January 8, 2018, January 10, 2018 and February 12, 2018.
Sandstorm has a 3% - 5% sliding scale NSR royalty on the Aurizona project. At gold prices less than or equal to US$1,500 per ounce, the royalty is a 3% NSR. In addition, Sandstorm holds a 2% NSR royalty on the Aurizona Greenfields property, a 190,073 hectare package of exploration ground adjacent to the Aurizona project. An exploration agreement with AngloGold Ashanti Limited ("AngloGold") was announced in 2016, whereby AngloGold may invest US$14 million in exploration to earn a 70% interest in Aurizona Greenfields.
—Kirkland Lake Announces New Shaft Project for the Macassa Mine
Kirkland Lake Gold Ltd. ("Kirkland Lake") has announced a planned investment to build a new shaft at the Macassa mine in Ontario, Canada. The new shaft will offer a number of important benefits to the Macassa mine, including: de-risking the operation, enabling more effective underground exploration to the east of the South Mine Complex, improving general working conditions in the mine, and supporting higher levels of production. The planned 2018 budget for the shaft is approximately US$40 million.
For more information visit the Kirkland Lake website at www.klgold.com and see the press release dated January 17, 2018.
Sandstorm holds a 2% NSR royalty on the HM Claim, which is located east of the South Mine Complex at the Macassa Mine.
Figure 1: Location Map of Sandstorm's Royalty on the HM Claim
—Sandstorm Announces Disposition of Argentinian Assets
New Dimension Resources Ltd. ("New Dimension") has agreed to acquire three Argentinian assets from Sandstorm that were previously controlled by Mariana Resources Ltd. (MRLDF) ("Mariana"). Sandstorm acquired Mariana in July 2017. As consideration for the transaction, Sandstorm receives a 2% NSR royalty over the Las Calandrias, Los Cisnes and Sierra Blanca properties and will receive C$400,000 in cash or shares of New Dimension on each anniversary of the acquisition until December 31, 2032, or earlier if certain events occur, including the commencement of commercial production.
Approximately C$25 million has been spent exploring these Argentinian properties. The Las Calandrias property hosts an Indicated Mineral Resource of 491,000 ounces gold equivalent ("AuEq") ounces at a grade of 1.3 g/t AuEq and an Inferred Mineral Resource of 28,000 AuEq ounces at a grade of 1.0 g/t AuEq (based on 0.3 g/t cut-off grade for oxide and mixed material and 0.7 g/t for sulfides). In addition, there are several drill-ready targets within the Las Calandrias concession and immediate district that have been identified. At the Los Cisnes property, previous drilling at the project identified two main target zones: El Brio and El Solar. Los Cisnes is located 75 kilometres southwest of Yamana Gold's Cerro Moro mine. The Sierra Blanca property is located 40 kilometres NW of Anglogold Ashanti's Cerro Vanguardia mine. Four targets have been identified along strike at Sierra Blanca, through channel sampling completed by Mariana.
New Dimension plans to complete a non-brokered private placement to raise gross proceeds of up to C$3 million. Proceeds will be used for exploration and business development activities focused on advancing the Argentinian assets. Completion of the private placement is a condition to the closing of the property acquisitions from Sandstorm. Closing of the financing is scheduled to occur on or about March 29, 2018.
For more information, visit the New Dimension website at www.newdimensionresources.com and see the press release dated February 20, 2018.
—Metanor Extends Moroy Vein System at Bachelor Lake and Moves Towards Underground Bulk Sample at Barry
Metanor Resources Inc. ("Metanor") has announced that underground exploration drilling at the Bachelor Lake mine site has successfully extended the new Moroy veins to depth by more than 100 vertical metres. The drilling at Moroy will continue moving forward from the existing drill bay with a focus to define the extension at depth and along strike. A second drill bay has been excavated and drilling has commenced with two drill rigs to accelerate the exploration program. Highlighted drill results in the Moroy sector include:
MY-17-002: 1.8 metres of 27.9 g/t gold from 375.3 metres;
MY-17-005: 2.1 metres of 7.5 g/t gold from 299.7 metres;
MY-17-006: 0.6 metres of 11.2 g/t gold from 302.6 metres; and
MY-17-007: 2.7 metres of 7.4 g/t gold from 409.5 metres.
In 2017, Metanor drilled 49,000 metres at the Barry project, located about 65 kilometres south of the Bachelor Lake mine site. The drill results continue to expand the size and further confirm the continuity of the shear structures. Metanor is planning to initiate an underground bulk sample program in early March to verify the continuity and grade distribution of the multiple shear zones. The plan for the bulk sample program is to send 10,000 tonnes of ore to the Bachelor Lake mill in order to reconcile the mill head grade with the mining grade in a defined sector. Highlighted drill results at Barry include:
MB-17-37 Extension: 4.6 metres of 14.3 g/t gold from 498.0 metres;
MY-17-129: 1.0 metres of 20.3 g/t gold from 334.6 metres; and
MY-17-137: 4.5 metres of 10.4 g/t gold from 367.5 metres.
True widths are estimated to range between 85% - 90% of core lengths at Bachelor Lake and 70% - 95% of core lengths at Barry. Grades were uncapped at both Bachelor Lake and Barry. For more information and complete drill results, visit the Metanor website at www.metanor.ca and see the press releases dated January 17, 2018 and January 19, 2018.
Sandstorm amended the Bachelor Lake gold stream with Metanor on October 1, 2017. Sandstorm will receive a minimum of 1,500 ounces of gold per quarter until 12,000 ounces of gold have been delivered and then the gold stream will convert to a 3.9% NSR royalty. In addition to this, Sandstorm holds an additional 1.0% NSR royalty on Bachelor Lake. At Barry, Sandstorm has a NSR royalty of 3.9% - 4.9%.
—Erdene Releases Highest Grade Result to Date with 2,200 g/t Gold over 1.0 metre at Bayan Khundii
Erdene Resource Development Corp. ("Erdene") announced the highest grade gold intersection encountered to date at the Bayan Khundii Gold project in southwest Mongolia. The exploration program at Bayan Khundii was developed to identify high priority structural targets. This included testing the recently discovered North Midfield Zone with closer-spaced drilling and testing new structural targets and extensions at depth. Other mineralized zones were tested in the North Midfield target area and the extension of the Striker Zone. Highlights from the recent exploration program at Bayan Khundii include:
BKD-230: 127.5 metres of 1.8 g/t gold from 31.0 metres including 25.0 metres of 5.8 g/t gold;
BKD-231: 14.0 metres of 158.3 g/t gold from 193.0 metres including 1.0 metres of 2,200.0 g/t gold; and
BKD-232: 36.5 metres of 5.6 g/t gold from 90.5 metres including 22.0 metres of 8.3 g/t gold.
During the first quarter of 2018, Erdene's technical team is assessing the results of the 2017 exploration program to determine what additional drilling may be required prior to preparing an independent resource evaluation.
Reported intervals are not true widths. For more information and for complete drill results visit Erdene's website at www.erdene.com and see the press release dated January 10, 2018.
Sandstorm has a 2% NSR royalty on Erdene's Bayan Khundii and Altan Nar properties.
—Alexandria Minerals Extends Gold Mineralization by 900 Metres to the West at Orenada Zone 4
Alexandria Minerals Corporation ("Alexandria") has completed 43,500 metres of drilling in 170 drill holes during the last 14 months. The focus has been on the Orenada Zone 4 property. An updated resource estimate, based on the stacked vein sets at Zone 4 and nearby Zone 2, is expected to be completed in early March of this year. Assay results from nine step-out drill holes west of Zone 4 showed that the gold system extends for at least 900 metres west of the Zone 4 area. These step-out drill holes to the west will not be included in the resource update, but will be used as a starting point for Alexandria's 2018 drill program.
Recent step-out drill results include:
OAX-17-191: 14.3 metres of 2.3 g/t gold from 79.1 metres including 6.4 metres of 3.9 g/t gold;
OAX-17-200: 8.6 metres of 2.4 g/t gold from 11.0 metres including 3.3 metres of 4.3 g/t gold;
OAX-17-218: 11.8 metres of 4.0 g/t gold from 14.5 metres including 4.6 metres of 6.7 g/t gold; and
OAX-17-231: 3.5 metres of 5.9 g/t gold from 158.9 metres.
For more information and for complete drill results, visit the Alexandria website at www.azx.ca and see the press release dated February 22, 2018.
Sandstorm holds a 1% NSR royalty and NSR buy-back rights on the Cadillac Break property group in the Val d'Or area.
Mon February 26, 2018 4:09 PM|PR Newswire|About: SAND
VANCOUVER, Feb. 26, 2018 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) (NYSEAMERICAN: SAND, TSX: SSL) is pleased to provide recent development and exploration updates from the Company's royalty properties.
—McEwen Announces 100,000 Metre Exploration Program at the Black Fox Complex
McEwen Mining Inc. ("McEwen") announced details on a US$10 million exploration program at the Black Fox property. The program will include approximately 100,000 metres of drilling to test for extensions of existing resources, to follow-up on significant drill results, and to investigate new exploration targets. Of the total drilling program, 60,000 metres will be surface drilling and 40,000 metres will be underground exploration and delineation drilling. Targets for the 2018 program include Black Fox Deep, Tamarack, Froome, and Grey Fox.
In 2017, underground exploration was focused on extensions of existing resources proximal to the Black Fox mine infrastructure, as well as areas below and along strike of the deposits. Through this exploration program, several advanced development targets were brought into a conceptual mine plan, including the High Quartz zone, extensions of the Deep Central zone, and the Far East zone. The 2017 drill program at the Deep Central zone included definition drilling and tested down plunge and down dip. Highlights of the assay results include:
740-L275-71: 1.8 metres of 41.0 grams per tonne ("g/t") gold from 6.3 metres and 6.1 metres of 36.9 g/t gold from 26.1 metres (from 740 metre elevation);
680-F115-09: 4.0 metres of 77.3 g/t gold from 73.6 metres (at 840 metre elevation);
520-EX346-35: 1.7 metres of 29.5 g/t gold from 385.6 metres (at 675 metre elevation);
520-EX346-23: 5.1 metres of 39.6 g/t gold from 357.2 metres (at 830 metre elevation); and
520-EX346-17: 3.9 metres of 7.2 g/t gold from 474.1 metres (at 910 metre elevation).
There is no top cut or cap of assays and intervals are not true width. For more information and complete drill results, visit the McEwen website at www.mcewenmining.com and see the press release dated January 17, 2018.
Sandstorm has a gold stream agreement to purchase 8% of the gold produced from Black Fox at an ongoing cost of US$540 per ounce.
—Equinox Gold Announces Full-Scale Construction at Aurizona
Equinox Gold Corp. ("Equinox Gold") has announced full-scale construction at the Aurizona Gold mine in Brazil. Equinox Gold's board of directors has approved a total project budget of US$146 million, which includes all working capital and a 12% contingency. The project remains on schedule and on budget as they advance toward the target of pouring gold in late 2018. Construction of the mine is fully funded by Equinox Gold's existing treasury and a US$85 million secured project credit facility.
A 22,000 metre drilling program completed at Aurizona during 2017 has confirmed the extension of mineralization 350 metres along strike to the west of the Piaba deposit and at depth below the shallow western end of the reserve pit. Highlights from recent drill results include:
BRAZD566: 9.0 metres of 4.6 g/t gold from 127.0 metres;
BRAZD567: 19.0 metres of 2.0 g/t gold from 81.0 metres;
BRAZD571: 6.0 metres of 6.6 g/t gold from 50.0 metres;
BRAZD579: 8.0 metres of 3.4 g/t gold from 73.0 metres;
BRAZD585: 34.0 metres of 1.7 g/t gold from 58.0 metres; and
BRAZD586: 34.0 metres of 1.0 g/t gold from 45.0 metres.
Equinox Gold has planned a 34,000 metre drill program in 2018 that will focus on resource growth, target development and discovery.
True widths of the mineralized intervals are interpreted to be 60% - 90% of the reported lengths. For more information and complete drill results, visit the Equinox Gold website at www.equinoxgold.com and see the press releases dated January 8, 2018, January 10, 2018 and February 12, 2018.
Sandstorm has a 3% - 5% sliding scale NSR royalty on the Aurizona project. At gold prices less than or equal to US$1,500 per ounce, the royalty is a 3% NSR. In addition, Sandstorm holds a 2% NSR royalty on the Aurizona Greenfields property, a 190,073 hectare package of exploration ground adjacent to the Aurizona project. An exploration agreement with AngloGold Ashanti Limited ("AngloGold") was announced in 2016, whereby AngloGold may invest US$14 million in exploration to earn a 70% interest in Aurizona Greenfields.
—Kirkland Lake Announces New Shaft Project for the Macassa Mine
Kirkland Lake Gold Ltd. ("Kirkland Lake") has announced a planned investment to build a new shaft at the Macassa mine in Ontario, Canada. The new shaft will offer a number of important benefits to the Macassa mine, including: de-risking the operation, enabling more effective underground exploration to the east of the South Mine Complex, improving general working conditions in the mine, and supporting higher levels of production. The planned 2018 budget for the shaft is approximately US$40 million.
For more information visit the Kirkland Lake website at www.klgold.com and see the press release dated January 17, 2018.
Sandstorm holds a 2% NSR royalty on the HM Claim, which is located east of the South Mine Complex at the Macassa Mine.
Figure 1: Location Map of Sandstorm's Royalty on the HM Claim
—Sandstorm Announces Disposition of Argentinian Assets
New Dimension Resources Ltd. ("New Dimension") has agreed to acquire three Argentinian assets from Sandstorm that were previously controlled by Mariana Resources Ltd. (MRLDF) ("Mariana"). Sandstorm acquired Mariana in July 2017. As consideration for the transaction, Sandstorm receives a 2% NSR royalty over the Las Calandrias, Los Cisnes and Sierra Blanca properties and will receive C$400,000 in cash or shares of New Dimension on each anniversary of the acquisition until December 31, 2032, or earlier if certain events occur, including the commencement of commercial production.
Approximately C$25 million has been spent exploring these Argentinian properties. The Las Calandrias property hosts an Indicated Mineral Resource of 491,000 ounces gold equivalent ("AuEq") ounces at a grade of 1.3 g/t AuEq and an Inferred Mineral Resource of 28,000 AuEq ounces at a grade of 1.0 g/t AuEq (based on 0.3 g/t cut-off grade for oxide and mixed material and 0.7 g/t for sulfides). In addition, there are several drill-ready targets within the Las Calandrias concession and immediate district that have been identified. At the Los Cisnes property, previous drilling at the project identified two main target zones: El Brio and El Solar. Los Cisnes is located 75 kilometres southwest of Yamana Gold's Cerro Moro mine. The Sierra Blanca property is located 40 kilometres NW of Anglogold Ashanti's Cerro Vanguardia mine. Four targets have been identified along strike at Sierra Blanca, through channel sampling completed by Mariana.
New Dimension plans to complete a non-brokered private placement to raise gross proceeds of up to C$3 million. Proceeds will be used for exploration and business development activities focused on advancing the Argentinian assets. Completion of the private placement is a condition to the closing of the property acquisitions from Sandstorm. Closing of the financing is scheduled to occur on or about March 29, 2018.
For more information, visit the New Dimension website at www.newdimensionresources.com and see the press release dated February 20, 2018.
—Metanor Extends Moroy Vein System at Bachelor Lake and Moves Towards Underground Bulk Sample at Barry
Metanor Resources Inc. ("Metanor") has announced that underground exploration drilling at the Bachelor Lake mine site has successfully extended the new Moroy veins to depth by more than 100 vertical metres. The drilling at Moroy will continue moving forward from the existing drill bay with a focus to define the extension at depth and along strike. A second drill bay has been excavated and drilling has commenced with two drill rigs to accelerate the exploration program. Highlighted drill results in the Moroy sector include:
MY-17-002: 1.8 metres of 27.9 g/t gold from 375.3 metres;
MY-17-005: 2.1 metres of 7.5 g/t gold from 299.7 metres;
MY-17-006: 0.6 metres of 11.2 g/t gold from 302.6 metres; and
MY-17-007: 2.7 metres of 7.4 g/t gold from 409.5 metres.
In 2017, Metanor drilled 49,000 metres at the Barry project, located about 65 kilometres south of the Bachelor Lake mine site. The drill results continue to expand the size and further confirm the continuity of the shear structures. Metanor is planning to initiate an underground bulk sample program in early March to verify the continuity and grade distribution of the multiple shear zones. The plan for the bulk sample program is to send 10,000 tonnes of ore to the Bachelor Lake mill in order to reconcile the mill head grade with the mining grade in a defined sector. Highlighted drill results at Barry include:
MB-17-37 Extension: 4.6 metres of 14.3 g/t gold from 498.0 metres;
MY-17-129: 1.0 metres of 20.3 g/t gold from 334.6 metres; and
MY-17-137: 4.5 metres of 10.4 g/t gold from 367.5 metres.
True widths are estimated to range between 85% - 90% of core lengths at Bachelor Lake and 70% - 95% of core lengths at Barry. Grades were uncapped at both Bachelor Lake and Barry. For more information and complete drill results, visit the Metanor website at www.metanor.ca and see the press releases dated January 17, 2018 and January 19, 2018.
Sandstorm amended the Bachelor Lake gold stream with Metanor on October 1, 2017. Sandstorm will receive a minimum of 1,500 ounces of gold per quarter until 12,000 ounces of gold have been delivered and then the gold stream will convert to a 3.9% NSR royalty. In addition to this, Sandstorm holds an additional 1.0% NSR royalty on Bachelor Lake. At Barry, Sandstorm has a NSR royalty of 3.9% - 4.9%.
—Erdene Releases Highest Grade Result to Date with 2,200 g/t Gold over 1.0 metre at Bayan Khundii
Erdene Resource Development Corp. ("Erdene") announced the highest grade gold intersection encountered to date at the Bayan Khundii Gold project in southwest Mongolia. The exploration program at Bayan Khundii was developed to identify high priority structural targets. This included testing the recently discovered North Midfield Zone with closer-spaced drilling and testing new structural targets and extensions at depth. Other mineralized zones were tested in the North Midfield target area and the extension of the Striker Zone. Highlights from the recent exploration program at Bayan Khundii include:
BKD-230: 127.5 metres of 1.8 g/t gold from 31.0 metres including 25.0 metres of 5.8 g/t gold;
BKD-231: 14.0 metres of 158.3 g/t gold from 193.0 metres including 1.0 metres of 2,200.0 g/t gold; and
BKD-232: 36.5 metres of 5.6 g/t gold from 90.5 metres including 22.0 metres of 8.3 g/t gold.
During the first quarter of 2018, Erdene's technical team is assessing the results of the 2017 exploration program to determine what additional drilling may be required prior to preparing an independent resource evaluation.
Reported intervals are not true widths. For more information and for complete drill results visit Erdene's website at www.erdene.com and see the press release dated January 10, 2018.
Sandstorm has a 2% NSR royalty on Erdene's Bayan Khundii and Altan Nar properties.
—Alexandria Minerals Extends Gold Mineralization by 900 Metres to the West at Orenada Zone 4
Alexandria Minerals Corporation ("Alexandria") has completed 43,500 metres of drilling in 170 drill holes during the last 14 months. The focus has been on the Orenada Zone 4 property. An updated resource estimate, based on the stacked vein sets at Zone 4 and nearby Zone 2, is expected to be completed in early March of this year. Assay results from nine step-out drill holes west of Zone 4 showed that the gold system extends for at least 900 metres west of the Zone 4 area. These step-out drill holes to the west will not be included in the resource update, but will be used as a starting point for Alexandria's 2018 drill program.
Recent step-out drill results include:
OAX-17-191: 14.3 metres of 2.3 g/t gold from 79.1 metres including 6.4 metres of 3.9 g/t gold;
OAX-17-200: 8.6 metres of 2.4 g/t gold from 11.0 metres including 3.3 metres of 4.3 g/t gold;
OAX-17-218: 11.8 metres of 4.0 g/t gold from 14.5 metres including 4.6 metres of 6.7 g/t gold; and
OAX-17-231: 3.5 metres of 5.9 g/t gold from 158.9 metres.
For more information and for complete drill results, visit the Alexandria website at www.azx.ca and see the press release dated February 22, 2018.
Sandstorm holds a 1% NSR royalty and NSR buy-back rights on the Cadillac Break property group in the Val d'Or area.
VANCOUVER, March 29, 2018 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) (NYSE American: SAND, TSX: SSL) announces that the Company's normal course issuer bid ("NCIB") is being renewed after the existing NCIB expires on April 4, 2018. The NCIB provides Sandstorm with the option to purchase the Company's common shares from time to time when Sandstorm's management believes that the common shares are undervalued by the market. Under the renewed NCIB, Sandstorm may purchase up to 9,191,777 of its common shares, representing 5% of the Company's issued and outstanding common shares of 183,823,556 as of March 19, 2018. The Toronto Stock Exchange ("TSX") has accepted the Company's notice that it intends to proceed with a NCIB in accordance with TSX rules. Purchases under the renewed NCIB may commence on April 5, 2018 and will terminate on the earlier of April 4, 2019, the date that Sandstorm completes its purchases pursuant to the NCIB as filed with the TSX, or the date of notice by Sandstorm of termination of the NCIB.
All purchases under the NCIB will be executed on the open market through the facilities of the TSX or alternative Canadian trading platforms and through the facilities of the NYSE American or alternative trading platforms in the United States of America. Purchases will be made at the market price of the common shares at the time of acquisition and may be funded by Sandstorm's working capital. Any common shares acquired by the Company under the NCIB will be cancelled. Sandstorm's average daily trading volume on the TSX during the last six calendar months was 365,501 common shares. Under the rules of the TSX, daily purchases on the TSX will not exceed 91,375 common shares, subject to the Company's ability to make block purchases. The maximum number of shares which can be purchased per day on the NYSE American will be 25% of the average daily trading volume for the four calendar weeks preceding the date of purchase, subject to certain exceptions for block purchases.
The Company has purchased 4,106,772 common shares pursuant to a NCIB in the last twelve months at a weighted average price of C$5.50 per common share on the TSX and alternates and approximately US$4.29 per common share on the NYSE American and alternates.
Sandstorm has filed a NI 43-101 technical report entitled "Hod Maden Project Mineral Resource Estimate" with an effective date of March 29, 2018. This report is available on Sandstorm's SEDAR profile at www.sedar.com. The full Pre-Feasibility Study results and the corresponding NI 43-101 report is expected to be completed within the next quarter.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, no shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
All purchases under the NCIB will be executed on the open market through the facilities of the TSX or alternative Canadian trading platforms and through the facilities of the NYSE American or alternative trading platforms in the United States of America. Purchases will be made at the market price of the common shares at the time of acquisition and may be funded by Sandstorm's working capital. Any common shares acquired by the Company under the NCIB will be cancelled. Sandstorm's average daily trading volume on the TSX during the last six calendar months was 365,501 common shares. Under the rules of the TSX, daily purchases on the TSX will not exceed 91,375 common shares, subject to the Company's ability to make block purchases. The maximum number of shares which can be purchased per day on the NYSE American will be 25% of the average daily trading volume for the four calendar weeks preceding the date of purchase, subject to certain exceptions for block purchases.
The Company has purchased 4,106,772 common shares pursuant to a NCIB in the last twelve months at a weighted average price of C$5.50 per common share on the TSX and alternates and approximately US$4.29 per common share on the NYSE American and alternates.
Sandstorm has filed a NI 43-101 technical report entitled "Hod Maden Project Mineral Resource Estimate" with an effective date of March 29, 2018. This report is available on Sandstorm's SEDAR profile at www.sedar.com. The full Pre-Feasibility Study results and the corresponding NI 43-101 report is expected to be completed within the next quarter.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, no shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Sandstorm Gold to Unveil “Launch Lab”
Streaming group to launch an internal equity sales desk, says CEO Nolan Watson, turning Sandstorm into a one-stop shop for smaller companies
Vancouver-based streaming group Sandstorm Gold is launching its own in-house equity sales desk to help push the small companies it works with, founder Nolan Watson told Global Mining Observer in an interview.
Internally dubbed the “launch lab”, Sandstorm, which has built a C$1.1bn ($852m) market cap by buying gold royalties and streams, plans to start supporting its partner companies by pooling its internal resources, from its IR department through to its database of investors, turning the group into a one stop shop for smaller mining companies looking to raise capital.
Sandstorm has hired three staff in advertising, design and for brokerage calls and will launch the lab alongside its next streaming deal “over the next few months”, Watson said.
The new sales desk will be “stepping into a gap” created by the rapid rise of passive investing, which has sucked capital out of specialist mining funds, making it harder for mining bosses to pull money into promising new mining stories, Watson says. “I really do see a massive shift. Even with market caps of half a billion, companies cannot attract the capital that they once could.”
“One of the things Sandstorm is trying to do is say, hey, if you do a financing with
Sandstorm and you sell us a royalty and we really like your story, your stock, your management team, we will act as the catalyst to draw attention to your story.”
Nearly $7 trillion globally is now managed by passive funds, which track indices and have low fees, up from under $3 trillion five years ago, according to data group Morningstar. At current rates, more than half of all money is tipped to turn passive in the next five years, replacing hundreds of fund managers with algorithms.
Sandstorm says its own investor base has changed dramatically in recent years, with passive funds gobbling-up a third of its stock since 2014. Watson, who founded the company in 2009, believes its other shareholders, including over 40,000 private investors, can help boost its partner-companies in the sub-$300m bracket.
“We don't want to saddle Sandstorm's shareholders with a bunch of G&A, so the idea is, if we have more and more demand for those services we'll just continue to hire people.”
Sandstorm reported record revenue of $68m in February, up from $52m two years ago, collecting 55,000 ounces of gold, its eighth consecutive annual record. “Hopefully we can keep that going,” Watson said.
Streaming group to launch an internal equity sales desk, says CEO Nolan Watson, turning Sandstorm into a one-stop shop for smaller companies
Vancouver-based streaming group Sandstorm Gold is launching its own in-house equity sales desk to help push the small companies it works with, founder Nolan Watson told Global Mining Observer in an interview.
Internally dubbed the “launch lab”, Sandstorm, which has built a C$1.1bn ($852m) market cap by buying gold royalties and streams, plans to start supporting its partner companies by pooling its internal resources, from its IR department through to its database of investors, turning the group into a one stop shop for smaller mining companies looking to raise capital.
Sandstorm has hired three staff in advertising, design and for brokerage calls and will launch the lab alongside its next streaming deal “over the next few months”, Watson said.
The new sales desk will be “stepping into a gap” created by the rapid rise of passive investing, which has sucked capital out of specialist mining funds, making it harder for mining bosses to pull money into promising new mining stories, Watson says. “I really do see a massive shift. Even with market caps of half a billion, companies cannot attract the capital that they once could.”
“One of the things Sandstorm is trying to do is say, hey, if you do a financing with
Sandstorm and you sell us a royalty and we really like your story, your stock, your management team, we will act as the catalyst to draw attention to your story.”
Nearly $7 trillion globally is now managed by passive funds, which track indices and have low fees, up from under $3 trillion five years ago, according to data group Morningstar. At current rates, more than half of all money is tipped to turn passive in the next five years, replacing hundreds of fund managers with algorithms.
Sandstorm says its own investor base has changed dramatically in recent years, with passive funds gobbling-up a third of its stock since 2014. Watson, who founded the company in 2009, believes its other shareholders, including over 40,000 private investors, can help boost its partner-companies in the sub-$300m bracket.
“We don't want to saddle Sandstorm's shareholders with a bunch of G&A, so the idea is, if we have more and more demand for those services we'll just continue to hire people.”
Sandstorm reported record revenue of $68m in February, up from $52m two years ago, collecting 55,000 ounces of gold, its eighth consecutive annual record. “Hopefully we can keep that going,” Watson said.
Antwort auf Beitrag Nr.: 57.430.451 von KMST am 30.03.18 11:33:22Warum wurde der Technische Report zu „Hod Maden“ (Schreibfehler) so versteckt ?
Ist auf jeden Fall sehr lesenswert und interessant für die Zukunft von Sandstorm.
Ist auf jeden Fall sehr lesenswert und interessant für die Zukunft von Sandstorm.
Sandstorm Gold Announces First Quarter Sales Numbers
Wed April 4, 2018 4:24 PM|PR Newswire|About: SAND
VANCOUVER, April 4, 2018 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) (NYSE American: SAND, TSX: SSL) is pleased to report that the Company has sold approximately 14,650 attributable gold equivalent ounces during the first quarter of 2018; the second highest quarterly total in Company history. Approximately 85% of the ounces came from operations run by major and mid-tier mining companies.
Wed April 4, 2018 4:24 PM|PR Newswire|About: SAND
VANCOUVER, April 4, 2018 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) (NYSE American: SAND, TSX: SSL) is pleased to report that the Company has sold approximately 14,650 attributable gold equivalent ounces during the first quarter of 2018; the second highest quarterly total in Company history. Approximately 85% of the ounces came from operations run by major and mid-tier mining companies.
Antwort auf Beitrag Nr.: 57.451.304 von Fantomas96 am 03.04.18 17:29:17
How can a 43-101 compliant resource like this one for Hod Maden...
...as revealed on Friday evening by 30% owner Sandstorm Gold (SAND) (SSL.to), be all-but forgotten by the market in just three days? Seriously, what's a miner gotta do these days, announce they've found a lost cache of a hundred thousand Bitcoin on one of its old hard-drives?
And not just forgotten and back to neutral, SAND is actually negative for the week. This is gnat's memory-span stuff, I mean look at that table it's 12g AuEq at a two gram cut-off! Or in the words used to describe the numbers in The IKN Weekly on Sunday...
Using metals prices of U$1,250/oz gold and U$3.00/lb copper, the 43-101 ignores other credit metals (assumes them non-payable) and gets us to a global M+I resource of 11.545m tonnes at 12.1 g/t AuEq and if you do the math, that’s just shy of 4.5m oz AuEq.
This is certain to form the basis of the upcoming Pre-Feasibility Study (no inferred allowed in a PFS) and with a 12.1g average using a 2g/t gold cut-off, even though we don’t know what the economic study is going to give us we do know that SAND (30%) and its partner, the Turkish mining company Lidya Madencilik (70%) is going to have one humdinger of an underground mine project on their hands. I’m going to wait with the rest of you for the PFS to come out before committing but for sure I’ve been playing with numbers so here are a couple of simple lines to get us in the mood:
On just this M+I resource (not forgetting there is masses of exploration upside potential at Hot Maden, a 2,500 tonne per day underground mine operation would have enough rock for 13 years of operation.
At 12.1g/t AuEq and 85% recoveries, that would represent production of nearly 300,000 oz AuEq per year.
As the 43-101 technical report gives us a 2g/t AuEq cut off and U$1,300/oz gold price, we can assume they’re working on a per-tonne cut-off of U$83.60. As I like rounding up and being conservative, let’s call that a $90/tonne cost cut-off.
- 300,000 oz gold at U$1,300/oz is U$390m.
- $90/tonne X 360 days X 2,500 tonnes per day is a cost of U$81m
Now that’s what I call margin.
Of course there are a whole bunch of other things to take into account and gross margin is not bottom line profits. But needless to say, I’m looking forward to the PFS now.
Otto @ IKN versteht die Welt nicht mehr
https://incakolanews.blogspot.de/2018/04/i-am-having-serious…How can a 43-101 compliant resource like this one for Hod Maden...
...as revealed on Friday evening by 30% owner Sandstorm Gold (SAND) (SSL.to), be all-but forgotten by the market in just three days? Seriously, what's a miner gotta do these days, announce they've found a lost cache of a hundred thousand Bitcoin on one of its old hard-drives?
And not just forgotten and back to neutral, SAND is actually negative for the week. This is gnat's memory-span stuff, I mean look at that table it's 12g AuEq at a two gram cut-off! Or in the words used to describe the numbers in The IKN Weekly on Sunday...
Using metals prices of U$1,250/oz gold and U$3.00/lb copper, the 43-101 ignores other credit metals (assumes them non-payable) and gets us to a global M+I resource of 11.545m tonnes at 12.1 g/t AuEq and if you do the math, that’s just shy of 4.5m oz AuEq.
This is certain to form the basis of the upcoming Pre-Feasibility Study (no inferred allowed in a PFS) and with a 12.1g average using a 2g/t gold cut-off, even though we don’t know what the economic study is going to give us we do know that SAND (30%) and its partner, the Turkish mining company Lidya Madencilik (70%) is going to have one humdinger of an underground mine project on their hands. I’m going to wait with the rest of you for the PFS to come out before committing but for sure I’ve been playing with numbers so here are a couple of simple lines to get us in the mood:
On just this M+I resource (not forgetting there is masses of exploration upside potential at Hot Maden, a 2,500 tonne per day underground mine operation would have enough rock for 13 years of operation.
At 12.1g/t AuEq and 85% recoveries, that would represent production of nearly 300,000 oz AuEq per year.
As the 43-101 technical report gives us a 2g/t AuEq cut off and U$1,300/oz gold price, we can assume they’re working on a per-tonne cut-off of U$83.60. As I like rounding up and being conservative, let’s call that a $90/tonne cost cut-off.
- 300,000 oz gold at U$1,300/oz is U$390m.
- $90/tonne X 360 days X 2,500 tonnes per day is a cost of U$81m
Now that’s what I call margin.
Of course there are a whole bunch of other things to take into account and gross margin is not bottom line profits. But needless to say, I’m looking forward to the PFS now.
Antwort auf Beitrag Nr.: 57.485.621 von Fantomas96 am 06.04.18 21:48:32Mark @ IKN hat ja schon eine nette Kalkulation aufgestellt (s.o.).
Ich bin aber immer noch völlig überrascht, wie wenig Notiz von derartigen Zahlen genommen wird.
Hod Maden ist ja längst noch nicht „ausexploriert“ und man kann jetzt schon 4,49 Mio. Unzen (Measured & Indicated) @ 12,1 g/t Au nachweisen.
Sandstorm hält 30% an dem Projekt und ich denke, die Fehlentscheidungen von Nolan Watson in der Vergangenheit (Colossus, Luna) sollten mal so langsam abgehakt werden, denn hier hat er m.A.n. einen echten Voll-Treffer gelandet.
Wenn der Markt mal wieder in Richtung Pro Gold Miner dreht, sehe ich hier noch einiges an Kurspotenzial.
Ich bin aber immer noch völlig überrascht, wie wenig Notiz von derartigen Zahlen genommen wird.
Hod Maden ist ja längst noch nicht „ausexploriert“ und man kann jetzt schon 4,49 Mio. Unzen (Measured & Indicated) @ 12,1 g/t Au nachweisen.
Sandstorm hält 30% an dem Projekt und ich denke, die Fehlentscheidungen von Nolan Watson in der Vergangenheit (Colossus, Luna) sollten mal so langsam abgehakt werden, denn hier hat er m.A.n. einen echten Voll-Treffer gelandet.
Wenn der Markt mal wieder in Richtung Pro Gold Miner dreht, sehe ich hier noch einiges an Kurspotenzial.
VANCOUVER, May 9, 2018 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) (NYSE American: SAND, TSX: SSL) has released its results for the first quarter ended March 31, 2018 (all figures in U.S. dollars).
— FIRST QUARTER HIGHLIGHTS
Record revenue of $19.5 million (Q1 2017 - $18.8 million);
Attributable gold equivalent ounces sold1 of 14,685 ounces (Q1 2017 – 15,558 ounces);
Average cash cost per attributable gold equivalent ounce of $276 resulting in cash operating margins1 of $1,050 per ounce (Q1 2017 - $258 per ounce and $952 per ounce respectively);
Cash flows from operating activities, excluding changes in non-cash working capital1, of $13.4 million (Q1 2017 – $13.2 million);
Net income of $0.4 million (Q1 2017 – $7.0 million);
On January 17, 2018, the Company completed its previously announced transaction to acquire a 2.0% NSR on the producing Houndé gold mine in Burkina Faso which is owned and operated by Endeavour Mining Corporation.
In January 2018, the Company completed its previously announced arrangement to sell $18.3 million in debt and equity securities of Equinox Gold Corp. The monetization of a significant portion of Sandstorm's debt and equity investments is a part of the Company's strategy of selling non-core assets and using the capital raised to continue growing the stream and royalty portfolio.
Sandstorm acquired 4 royalties on exploration-stage projects in Canada and Mexico. The Company now has 180 royalties in its portfolio.
— OUTLOOK
Based on the Company's existing royalties, attributable gold equivalent production for 2018 is forecasted to be between 53,000 – 60,000 ounces. The Company is forecasting attributable gold equivalent production of 125,000 ounces per annum by 2022.
— FINANCIAL RESULTS
Sandstorm's revenue during the first quarter of 2018 was a record for the company. Revenue was $0.6 million higher than in the first quarter of 2017, driven by a 10% increase in the average realized selling price of gold. The revenue increase was partially offset by a 6% decrease in the number of attributable gold equivalent ounces sold, largely due to the timing of sales.
Net income was lower when compared to the same period in 2017 due to a number of factors including a $4.5 million non-cash impairment charge related to the Gualcamayo royalty and a decrease in the gains recognized on the revaluation of the Company's investments. The decrease in net income was partially offset by a decrease in the Company's income tax expense, whereby a recovery of $1.4 million was recognized largely related to the Gualcamayo royalty impairment.
— STREAMS & ROYALTIES: Q1 UPDATES
Of the gold equivalent ounces sold by Sandstorm, approximately 38% were attributable to mines located in Canada, 16% from the rest of North America and 46% from South America and other countries.
Three months ended Mar. 31, 2018
Revenue (in $000s)
Gold Equivalent Ounces
Canada
$ 7,423
5,591
North America excl. Canada
$ 3,035
2,293
South America & Other
$ 9,012
6,801
Total
$19,470
14,685
Canada
Streams and royalties on Canadian mines contributed 18% less gold equivalent ounces sold to Sandstorm when compared to the first quarter of 2017. The change is primarily attributable to a decrease in gold equivalent ounces sold attributable to the Diavik mine in the Northwest Territories and the Black Fox mine in Ontario, offset by an increase in ounces from the Ming mine in Newfoundland.
North America Excluding Canada
When compared to the first quarter of 2017, gold equivalent ounces coming from North America, excluding Canada, decreased by 36%. The change was driven by a decrease in royalty revenue from the Emigrant Springs mine in Nevada.
South America & Other
Operations in South America and other countries contributed an additional 1,621 gold equivalent ounces sold when compared to the first quarter of 2017, representing a 31% increase. The newly acquired Houndé royalty contributed approximately 1,304 of those ounces.
Yamana Silver Streams
Sandstorm has a silver stream with Yamana Gold Inc. ("Yamana") whereby it will purchase silver from the Cerro Moro mine in Argentina beginning in 2019. Up until 2019, Sandstorm is purchasing silver from Yamana's Minera Florida and Chapada mines.
At Cerro Moro, Yamana recently reported that open pit operations have commenced and development activities are underway at the high grade Escondida central pit. First ore was fed to the ball mill on April 25, 2018 and first doré production is expected in May 2018. The start-up is progressing well with milling rates and feed grades expected to ramp up through the second quarter. The project remains on budget and is on track to reach 2018 production guidance of 3.75 million ounces of silver.
For more information refer to www.yamana.com and see the press release dated May 2, 2018.
Chapada Copper Stream
Yamana recently announced that they have completed studies to evaluate several development opportunities at Chapada. These opportunities range in scope from plant optimization initiatives to enhance copper and gold recoveries, to a plant expansion to bring forward cash flows, and pit wall pushbacks to expose higher grade ore zones. Based on the results from the studies, Yamana is progressing the opportunities to the next stage of evaluation and development.
The studies on expanding the Chapada processing plant capacity up to 32 million tonnes per annum have concluded that higher throughput can be achieved with the installation of new equipment. A feasibility study has been initiated for the plant expansion and is expected to be completed in early 2019.
For more information refer to www.yamana.com and see the press release dated May 2, 2018.
Aurizona Royalty
Equinox Gold Corp. ("Equinox Gold") announced that mining activities commenced in mid-April at the Aurizona gold mine in Brazil. They are currently working on removing waste from two locations in the Piaba pit and developing access roads in preparation for ore mining in the third quarter of 2018. Construction is proceeding on schedule to pour gold by the end of 2018.
Equinox Gold's exploration team is focused on mine life extension and district-scale opportunities. During the first quarter of 2018, they announced positive drilling results from six targets east and north east of the reserve pit. These discoveries will be tested in upcoming exploration programs and a study is underway examining opportunities to develop the underground potential of the Aurizona gold deposit. In addition, drill results from more than 11,000 metres of drilling in 2017 at the Piaba and Piaba West targets are being incorporated into a resource update that is targeted for completion in mid-2018.
For more information refer to www.equinoxgold.com and see the press release dated May 3, 2018.
— FIRST QUARTER HIGHLIGHTS
Record revenue of $19.5 million (Q1 2017 - $18.8 million);
Attributable gold equivalent ounces sold1 of 14,685 ounces (Q1 2017 – 15,558 ounces);
Average cash cost per attributable gold equivalent ounce of $276 resulting in cash operating margins1 of $1,050 per ounce (Q1 2017 - $258 per ounce and $952 per ounce respectively);
Cash flows from operating activities, excluding changes in non-cash working capital1, of $13.4 million (Q1 2017 – $13.2 million);
Net income of $0.4 million (Q1 2017 – $7.0 million);
On January 17, 2018, the Company completed its previously announced transaction to acquire a 2.0% NSR on the producing Houndé gold mine in Burkina Faso which is owned and operated by Endeavour Mining Corporation.
In January 2018, the Company completed its previously announced arrangement to sell $18.3 million in debt and equity securities of Equinox Gold Corp. The monetization of a significant portion of Sandstorm's debt and equity investments is a part of the Company's strategy of selling non-core assets and using the capital raised to continue growing the stream and royalty portfolio.
Sandstorm acquired 4 royalties on exploration-stage projects in Canada and Mexico. The Company now has 180 royalties in its portfolio.
— OUTLOOK
Based on the Company's existing royalties, attributable gold equivalent production for 2018 is forecasted to be between 53,000 – 60,000 ounces. The Company is forecasting attributable gold equivalent production of 125,000 ounces per annum by 2022.
— FINANCIAL RESULTS
Sandstorm's revenue during the first quarter of 2018 was a record for the company. Revenue was $0.6 million higher than in the first quarter of 2017, driven by a 10% increase in the average realized selling price of gold. The revenue increase was partially offset by a 6% decrease in the number of attributable gold equivalent ounces sold, largely due to the timing of sales.
Net income was lower when compared to the same period in 2017 due to a number of factors including a $4.5 million non-cash impairment charge related to the Gualcamayo royalty and a decrease in the gains recognized on the revaluation of the Company's investments. The decrease in net income was partially offset by a decrease in the Company's income tax expense, whereby a recovery of $1.4 million was recognized largely related to the Gualcamayo royalty impairment.
— STREAMS & ROYALTIES: Q1 UPDATES
Of the gold equivalent ounces sold by Sandstorm, approximately 38% were attributable to mines located in Canada, 16% from the rest of North America and 46% from South America and other countries.
Three months ended Mar. 31, 2018
Revenue (in $000s)
Gold Equivalent Ounces
Canada
$ 7,423
5,591
North America excl. Canada
$ 3,035
2,293
South America & Other
$ 9,012
6,801
Total
$19,470
14,685
Canada
Streams and royalties on Canadian mines contributed 18% less gold equivalent ounces sold to Sandstorm when compared to the first quarter of 2017. The change is primarily attributable to a decrease in gold equivalent ounces sold attributable to the Diavik mine in the Northwest Territories and the Black Fox mine in Ontario, offset by an increase in ounces from the Ming mine in Newfoundland.
North America Excluding Canada
When compared to the first quarter of 2017, gold equivalent ounces coming from North America, excluding Canada, decreased by 36%. The change was driven by a decrease in royalty revenue from the Emigrant Springs mine in Nevada.
South America & Other
Operations in South America and other countries contributed an additional 1,621 gold equivalent ounces sold when compared to the first quarter of 2017, representing a 31% increase. The newly acquired Houndé royalty contributed approximately 1,304 of those ounces.
Yamana Silver Streams
Sandstorm has a silver stream with Yamana Gold Inc. ("Yamana") whereby it will purchase silver from the Cerro Moro mine in Argentina beginning in 2019. Up until 2019, Sandstorm is purchasing silver from Yamana's Minera Florida and Chapada mines.
At Cerro Moro, Yamana recently reported that open pit operations have commenced and development activities are underway at the high grade Escondida central pit. First ore was fed to the ball mill on April 25, 2018 and first doré production is expected in May 2018. The start-up is progressing well with milling rates and feed grades expected to ramp up through the second quarter. The project remains on budget and is on track to reach 2018 production guidance of 3.75 million ounces of silver.
For more information refer to www.yamana.com and see the press release dated May 2, 2018.
Chapada Copper Stream
Yamana recently announced that they have completed studies to evaluate several development opportunities at Chapada. These opportunities range in scope from plant optimization initiatives to enhance copper and gold recoveries, to a plant expansion to bring forward cash flows, and pit wall pushbacks to expose higher grade ore zones. Based on the results from the studies, Yamana is progressing the opportunities to the next stage of evaluation and development.
The studies on expanding the Chapada processing plant capacity up to 32 million tonnes per annum have concluded that higher throughput can be achieved with the installation of new equipment. A feasibility study has been initiated for the plant expansion and is expected to be completed in early 2019.
For more information refer to www.yamana.com and see the press release dated May 2, 2018.
Aurizona Royalty
Equinox Gold Corp. ("Equinox Gold") announced that mining activities commenced in mid-April at the Aurizona gold mine in Brazil. They are currently working on removing waste from two locations in the Piaba pit and developing access roads in preparation for ore mining in the third quarter of 2018. Construction is proceeding on schedule to pour gold by the end of 2018.
Equinox Gold's exploration team is focused on mine life extension and district-scale opportunities. During the first quarter of 2018, they announced positive drilling results from six targets east and north east of the reserve pit. These discoveries will be tested in upcoming exploration programs and a study is underway examining opportunities to develop the underground potential of the Aurizona gold deposit. In addition, drill results from more than 11,000 metres of drilling in 2017 at the Piaba and Piaba West targets are being incorporated into a resource update that is targeted for completion in mid-2018.
For more information refer to www.equinoxgold.com and see the press release dated May 3, 2018.
ATON ANNOUNCES $2.1 MILLION FINANCING PACKAGE WITH SANDSTORM GOLD LTD AND CONCURRENT PRIVATE PLACEMENT FOR PROCEEDS UP TO $3.0 MILLION
Aton Resources Inc. it has signed a $2.1-million financing package with Sandstorm Gold Ltd., which includes the purchase of a royalty by Sandstorm and significant participation by Sandstorm in a $3-million private placement being undertaken by Aton.
The net proceeds from the royalty sale and the private placement will be used to finance continued exploration and development activities at Aton's Abu Marawat concession in Egypt.
Private placement highlights:
Non-brokered Private Placement Financing of up to 66,700,000 units (the "Units") at $0.045 per unit for total proceeds of up to $3,001,500.
Each Unit will consist of one common share in the capital of the Corporation and one half of one common share purchase warrant.
Each whole warrant will entitle the holder to acquire one additional common share for five years from the closing of the Private Placement at a price of $ 0.08 per common share.
The Private Placement will close on May 15, 2018, or such other date or dates as the Corporation may decide.
Securities issued pursuant to the Private Placement shall be subject to a restricted resale period of four months from closing.
Sandstorm Transaction
Sandstorm has agreed to subscribe for 40,000,000 Units for total proceeds of $1.8 million and to pay Aton $300,000 in consideration for it granting Sandstorm a 1% Net Smelter Royalty over the Abu Marawat Concession Area. Sandstorm has also agreed not to dispose of any Units for a minimum of twelve (12) months from the date of closing.
"We are extremely pleased to have attracted the interest of Sandstorm," said Mark Campbell, CEO of Aton. "Sandstorm is one of world's preeminent resource-focused royalty firms and I believe their involvement and partnership with Aton speaks to the quality of our team and our assets. These funds will help us to advance and unlock the value of the Abu Marawat concession. Right now, we are working toward preparing everything at Rodruin, which will be the focus at the start of the next drilling campaign. We have signed a drilling contract with Capital Drilling Ltd, to carry out our drilling program at Rodruin, along with some other areas within our concession area and they will mobilize their multi purpose rig into Rodruin after the Ramadan holiday."
Sandstorm's President and CEO Nolan Watson commented, "We are glad to be contributing to the next phase of exploration at Aton's Abu Marawat project. There are a number of high quality gold targets on the extensive land package and the Aton team is putting together a story that has district-scale potential."
All dollar amounts in this news release are in Canadian dollars. The Private Placement and the transaction with Sandstorm are subject to the final approval of the TSX Venture Exchange.
Activity update:
Access road construction is continuing at Rodruin, and it is estimated that the road will reach the main western workings before the Hamama Camp shuts down for the Ramadan break.
Preparation is underway to begin the drilling campaign at Rodruin and other selected areas at Abu Marawat. The Corporation has secured a rig from Capital Drilling and this has now been mobilized into Egypt. The drilling program will begin after the Ramadan holiday.
Laboratory testwork has been completed at the Soil Mechanics and Geotechnical Engineering Research Institute (Housing and Building National Research Centre) in Cairo on the geotechnical samples collected from the trial pits in the Wadi Um Salamat area for the Hamama West heap leach facility design work, and the final report received.
A short programme of excavator trenching has been completed at Hamama East to test for possible surface zones of Au and Zn oxide mineralisation. Samples have been dispatched to ALS Minerals in Romania, and results are expected soon.
A preliminary programme of surface sampling has been undertaken over the Zeno prospect area. Numerous significant ancient workings have been identified at the Zeno area, and visible gold has been identified from several samples. Samples have been dispatched to ALS Minerals in Romania, and results are expected soon.
Aton is working with Wardell Armstrong to complete its study in support of its declaration of commerciality at its Hamama project and expects this to be completed by the end of May as planned.
Aton Resources Inc. it has signed a $2.1-million financing package with Sandstorm Gold Ltd., which includes the purchase of a royalty by Sandstorm and significant participation by Sandstorm in a $3-million private placement being undertaken by Aton.
The net proceeds from the royalty sale and the private placement will be used to finance continued exploration and development activities at Aton's Abu Marawat concession in Egypt.
Private placement highlights:
Non-brokered Private Placement Financing of up to 66,700,000 units (the "Units") at $0.045 per unit for total proceeds of up to $3,001,500.
Each Unit will consist of one common share in the capital of the Corporation and one half of one common share purchase warrant.
Each whole warrant will entitle the holder to acquire one additional common share for five years from the closing of the Private Placement at a price of $ 0.08 per common share.
The Private Placement will close on May 15, 2018, or such other date or dates as the Corporation may decide.
Securities issued pursuant to the Private Placement shall be subject to a restricted resale period of four months from closing.
Sandstorm Transaction
Sandstorm has agreed to subscribe for 40,000,000 Units for total proceeds of $1.8 million and to pay Aton $300,000 in consideration for it granting Sandstorm a 1% Net Smelter Royalty over the Abu Marawat Concession Area. Sandstorm has also agreed not to dispose of any Units for a minimum of twelve (12) months from the date of closing.
"We are extremely pleased to have attracted the interest of Sandstorm," said Mark Campbell, CEO of Aton. "Sandstorm is one of world's preeminent resource-focused royalty firms and I believe their involvement and partnership with Aton speaks to the quality of our team and our assets. These funds will help us to advance and unlock the value of the Abu Marawat concession. Right now, we are working toward preparing everything at Rodruin, which will be the focus at the start of the next drilling campaign. We have signed a drilling contract with Capital Drilling Ltd, to carry out our drilling program at Rodruin, along with some other areas within our concession area and they will mobilize their multi purpose rig into Rodruin after the Ramadan holiday."
Sandstorm's President and CEO Nolan Watson commented, "We are glad to be contributing to the next phase of exploration at Aton's Abu Marawat project. There are a number of high quality gold targets on the extensive land package and the Aton team is putting together a story that has district-scale potential."
All dollar amounts in this news release are in Canadian dollars. The Private Placement and the transaction with Sandstorm are subject to the final approval of the TSX Venture Exchange.
Activity update:
Access road construction is continuing at Rodruin, and it is estimated that the road will reach the main western workings before the Hamama Camp shuts down for the Ramadan break.
Preparation is underway to begin the drilling campaign at Rodruin and other selected areas at Abu Marawat. The Corporation has secured a rig from Capital Drilling and this has now been mobilized into Egypt. The drilling program will begin after the Ramadan holiday.
Laboratory testwork has been completed at the Soil Mechanics and Geotechnical Engineering Research Institute (Housing and Building National Research Centre) in Cairo on the geotechnical samples collected from the trial pits in the Wadi Um Salamat area for the Hamama West heap leach facility design work, and the final report received.
A short programme of excavator trenching has been completed at Hamama East to test for possible surface zones of Au and Zn oxide mineralisation. Samples have been dispatched to ALS Minerals in Romania, and results are expected soon.
A preliminary programme of surface sampling has been undertaken over the Zeno prospect area. Numerous significant ancient workings have been identified at the Zeno area, and visible gold has been identified from several samples. Samples have been dispatched to ALS Minerals in Romania, and results are expected soon.
Aton is working with Wardell Armstrong to complete its study in support of its declaration of commerciality at its Hamama project and expects this to be completed by the end of May as planned.
Sandstorm Gold Ltd (TSX: SSL) takes 17.3% ownership stake in Nexus
Vancouver, Canada / TheNewswire / May 24, 2018 - Nexus Gold Corp. ("Nexus" or the "Company") (TSX-V: NXS, OTC: NXXGF, FSE: N6E) is pleased to announce that it has closed its non-brokered private placement (the "Private Placement") of 20,027,123 units (each, a "Unit"), at a price of $0.15 per Unit, for gross proceeds of $3,004,068. Each Unit consists of one common share of the Company, and one-half-of-one common share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant is exercisable to acquire one additional common share of the Company at a price of $0.25 per share for a period of twelve months.
The Private Placement was fully-subscribed, and due to strong demand, the Company intends to complete a further offering (the "Follow-On Private Placement") of up to 6,000,000 units (each, a "Follow-On Unit"), at a price of $0.25 per Follow-On Unit, for gross proceeds of up to $1,500,000. Each Follow-On Unit will consist of one common share of the Company, and one common share purchase warrant (each, a "Follow-On Warrant"). Each Follow-On Warrant will be exercisable to acquire one additional common share of the Company at a price of $0.35 per share for a period of twelve months from the date of issue. Completion of the Follow-On Private Placement remains subject to the approval of the TSX Venture Exchange.
In connection with completion of the Private Placement, the Company has paid cash commissions of $113,954.46, and issued 759,696 share purchase warrants (each, a "Finders' Warrant") to certain persons who have introduced subscribers to the Company. Each Finders' Warrant is exercisable to acquire an additional common share of the Company on the same terms as the Warrants comprising the Units. All securities issued in connection with the Private Placement are subject to a four-month-and-one-day statutory hold period.
Pursuant to National Instrument 62-103 - The Early Warning System and Related Take Over Bid and Insider Reporting Issues, Sandstorm Gold Ltd. (TSX: SSL) ("Sandstorm") acquired an aggregate of 6,000,000 common shares of Nexus and 3,000,000 Warrants through the Private Placement.
With the acquisition Sandstorm now holds an approximately 17.3% of the outstanding common shares. Sandstorm is only entitled to exercise, from time to time, such number of Warrants held by it such that, after the applicable exercise, the number of common shares of Nexus then owned by Sandstorm and its affiliates shall not exceed 19.99% of the then issued and outstanding shares.
The acquisition by Sandstorm was effected for investment purposes. Sandstorm may from time to time acquire additional securities of Nexus, dispose of some or all of the existing or additional securities it holds or will hold, or may continue to hold its current position. The early warning report, as required under National Instrument 62-103, contains additional information with respect to the foregoing matters and will be filed by Sandstorm on Nexus' SEDAR profile at www.sedar.com. In connection with completion of the Private Placement, the Company has agreed to grant to Sandstorm a 1.0% net smelter returns royalty on production from the Company's Bouboulou, Niangouela and Rakounga concessions.
Vancouver, Canada / TheNewswire / May 24, 2018 - Nexus Gold Corp. ("Nexus" or the "Company") (TSX-V: NXS, OTC: NXXGF, FSE: N6E) is pleased to announce that it has closed its non-brokered private placement (the "Private Placement") of 20,027,123 units (each, a "Unit"), at a price of $0.15 per Unit, for gross proceeds of $3,004,068. Each Unit consists of one common share of the Company, and one-half-of-one common share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant is exercisable to acquire one additional common share of the Company at a price of $0.25 per share for a period of twelve months.
The Private Placement was fully-subscribed, and due to strong demand, the Company intends to complete a further offering (the "Follow-On Private Placement") of up to 6,000,000 units (each, a "Follow-On Unit"), at a price of $0.25 per Follow-On Unit, for gross proceeds of up to $1,500,000. Each Follow-On Unit will consist of one common share of the Company, and one common share purchase warrant (each, a "Follow-On Warrant"). Each Follow-On Warrant will be exercisable to acquire one additional common share of the Company at a price of $0.35 per share for a period of twelve months from the date of issue. Completion of the Follow-On Private Placement remains subject to the approval of the TSX Venture Exchange.
In connection with completion of the Private Placement, the Company has paid cash commissions of $113,954.46, and issued 759,696 share purchase warrants (each, a "Finders' Warrant") to certain persons who have introduced subscribers to the Company. Each Finders' Warrant is exercisable to acquire an additional common share of the Company on the same terms as the Warrants comprising the Units. All securities issued in connection with the Private Placement are subject to a four-month-and-one-day statutory hold period.
Pursuant to National Instrument 62-103 - The Early Warning System and Related Take Over Bid and Insider Reporting Issues, Sandstorm Gold Ltd. (TSX: SSL) ("Sandstorm") acquired an aggregate of 6,000,000 common shares of Nexus and 3,000,000 Warrants through the Private Placement.
With the acquisition Sandstorm now holds an approximately 17.3% of the outstanding common shares. Sandstorm is only entitled to exercise, from time to time, such number of Warrants held by it such that, after the applicable exercise, the number of common shares of Nexus then owned by Sandstorm and its affiliates shall not exceed 19.99% of the then issued and outstanding shares.
The acquisition by Sandstorm was effected for investment purposes. Sandstorm may from time to time acquire additional securities of Nexus, dispose of some or all of the existing or additional securities it holds or will hold, or may continue to hold its current position. The early warning report, as required under National Instrument 62-103, contains additional information with respect to the foregoing matters and will be filed by Sandstorm on Nexus' SEDAR profile at www.sedar.com. In connection with completion of the Private Placement, the Company has agreed to grant to Sandstorm a 1.0% net smelter returns royalty on production from the Company's Bouboulou, Niangouela and Rakounga concessions.
Progress Minerals Announces $10M Equity Financing, Strategic Investment by Sandstorm and 100% Acquisition of Bobosso Project
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, British Columbia (FSCwire) - Progress Minerals Inc. (“Progress” or the “Company”) is pleased to provide the following updates to its shareholders regarding financing plans and strategic initiatives underway by the Company.
Highlights:
Raising up to C$10,000,000 in a non-brokered private placement;
Strategic equity and royalty investments secured with Sandstorm Gold Royalties and another royalty party totalling C$5,000,000;
100% acquisition of the Bobosso project in Côte d’Ivoire.
Progress has commenced a non-brokered private placement of up to C$10,000,000 in gross proceeds through the sale of up to 40,000,000 common shares of the Company priced at C$0.25 per common share (the “Offering”).
In connection with the Offering, Sandstorm Gold Royalties (“Sandstorm”) has agreed to subscribe for 10,000,000 common shares representing an investment of C$2,500,000. In exchange for this commitment, Sandstorm will receive a 1% NSR covering Progress’ current portfolio of mineral properties in Burkina Faso and Côte d’Ivoire, as well as a right-of-first-refusal on any future royalty and metal stream sales undertaken by the Company. In additional to the Sandstorm commitment, a second royalty company has committed to invest alongside Sandstorm on the same terms (including receiving a 1% NSR), bringing the total strategic investment commitments to C$5,000,000 as part of the Offering.
The net proceeds from the Offering shall be used for exploration activities in Burkina Faso and Côte d’Ivoire, payment of the upfront consideration with respect to the Bobosso acquisition and for general corporate purposes.
The Company reserves the right to adjust the size of the Offering at any time. The common shares issued pursuant to the Offering will be subject to a statutory four month and one day hold period. A finder’s fee equal to 8% may be payable in connection with the Offering to eligible finders for subscriptions from arm’s length purchasers. Progress intends to complete the Offering on or about June 29, 2018.
Progress is also pleased to announce that it has signed a binding memorandum of understanding (the “MOU”) with Predictive Discovery Ltd. (“Predictive”) and West African Venture Investment LLC (“WAVI”) pursuant to which Progress will acquire a 100% interest in the Bobosso project in Côte d’Ivoire. The terms of the MOU provide that Progress will make an upfront payment of C$1,150,000 in cash and potential bonus payments tied primarily to the achievement of production on up to a maximum of three mine developments. Bonus payments will be set at US$10 per ounce of gold within a proven and probable reserve and will accrue no earlier than the point in time when Progress has completed a bankable feasibility study and received a mining license. Progress has the flexibility to satisfy bonus payments through the issuance of common shares, subject to certain conditions. The completion of the Bobosso purchase is subject to a number of conditions and is expected to be completed on or prior to August 31, 2018.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, British Columbia (FSCwire) - Progress Minerals Inc. (“Progress” or the “Company”) is pleased to provide the following updates to its shareholders regarding financing plans and strategic initiatives underway by the Company.
Highlights:
Raising up to C$10,000,000 in a non-brokered private placement;
Strategic equity and royalty investments secured with Sandstorm Gold Royalties and another royalty party totalling C$5,000,000;
100% acquisition of the Bobosso project in Côte d’Ivoire.
Progress has commenced a non-brokered private placement of up to C$10,000,000 in gross proceeds through the sale of up to 40,000,000 common shares of the Company priced at C$0.25 per common share (the “Offering”).
In connection with the Offering, Sandstorm Gold Royalties (“Sandstorm”) has agreed to subscribe for 10,000,000 common shares representing an investment of C$2,500,000. In exchange for this commitment, Sandstorm will receive a 1% NSR covering Progress’ current portfolio of mineral properties in Burkina Faso and Côte d’Ivoire, as well as a right-of-first-refusal on any future royalty and metal stream sales undertaken by the Company. In additional to the Sandstorm commitment, a second royalty company has committed to invest alongside Sandstorm on the same terms (including receiving a 1% NSR), bringing the total strategic investment commitments to C$5,000,000 as part of the Offering.
The net proceeds from the Offering shall be used for exploration activities in Burkina Faso and Côte d’Ivoire, payment of the upfront consideration with respect to the Bobosso acquisition and for general corporate purposes.
The Company reserves the right to adjust the size of the Offering at any time. The common shares issued pursuant to the Offering will be subject to a statutory four month and one day hold period. A finder’s fee equal to 8% may be payable in connection with the Offering to eligible finders for subscriptions from arm’s length purchasers. Progress intends to complete the Offering on or about June 29, 2018.
Progress is also pleased to announce that it has signed a binding memorandum of understanding (the “MOU”) with Predictive Discovery Ltd. (“Predictive”) and West African Venture Investment LLC (“WAVI”) pursuant to which Progress will acquire a 100% interest in the Bobosso project in Côte d’Ivoire. The terms of the MOU provide that Progress will make an upfront payment of C$1,150,000 in cash and potential bonus payments tied primarily to the achievement of production on up to a maximum of three mine developments. Bonus payments will be set at US$10 per ounce of gold within a proven and probable reserve and will accrue no earlier than the point in time when Progress has completed a bankable feasibility study and received a mining license. Progress has the flexibility to satisfy bonus payments through the issuance of common shares, subject to certain conditions. The completion of the Bobosso purchase is subject to a number of conditions and is expected to be completed on or prior to August 31, 2018.
Sandstorm Gold Royalties Announces Second Quarter Sales Numbers
VANCOUVER, July 3, 2018 /CNW/ - Sandstorm Gold Ltd. (dba Sandstorm Gold Royalties, "Sandstorm" or the "Company") (NYSE American: SAND, TSX: SSL) is pleased to report that the Company has sold approximately 14,450 attributable gold equivalent ounces1 during the second quarter of 2018. Approximately 85% of the ounces came from operations run by major and mid-tier mining companies.
VANCOUVER, July 3, 2018 /CNW/ - Sandstorm Gold Ltd. (dba Sandstorm Gold Royalties, "Sandstorm" or the "Company") (NYSE American: SAND, TSX: SSL) is pleased to report that the Company has sold approximately 14,450 attributable gold equivalent ounces1 during the second quarter of 2018. Approximately 85% of the ounces came from operations run by major and mid-tier mining companies.
July 16, 2018
Sandstorm Gold Royalties Provides Corporate and Asset Updates
Vancouver, British Columbia | Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", “Sandstorm” or the “Company”) (NYSE American: SAND, TSX: SSL) is pleased to provide an update related to share repurchases under the Company’s Normal Course Issuer Bid (“NCIB”), recent developments from the Company’s royalty portfolio, as well as the acquisition of eight royalties on exploration-staged properties.
Normal Course Issuer Bid Update
Since the renewal of the NCIB on April 5, 2018, Sandstorm has acted on its stated intention to repurchase shares of the Company. Approximately 1.4 million shares have been repurchased since April. Sandstorm may purchase up to a maximum of 9.2 million shares under the current NCIB program.
Yamana Declares Commercial Production At Cerro Moro And Increases Exploration Budget
Yamana Gold Inc. (“Yamana”) announced the declaration of commercial production at the Cerro Moro project in Argentina in late June 2018. Yamana is now focusing on optimizing the operation to ensure that gold and silver production and operating costs reach guidance levels.
The exploration budget at Cerro Moro for 2018 has increased from $9.0 million to $11.2 million. Yamana has set an exploration objective of adding one million gold equivalent ounces to the mineral inventory at Cerro Moro.
The objectives for the 2018 exploration program are:
Convert 110,000 gold equivalent ounces of inferred resources to measured and indicated mineral resources;
Discover 250,000 gold equivalent ounces of new inferred mineral resources; and
Define future drill targets through scout drilling, soil and rock sampling, and mapping.
For more information, visit the Yamana website at www.yamana.com and see press releases dated May 16, 2018 and June 26, 2018.
Beginning in 2019, Sandstorm has a silver stream agreement to purchase an amount of silver from Cerro Moro equal to 20% of the silver produced, up to a maximum of 1.2 million ounces of silver annually, until Yamana has delivered to Sandstorm 7.0 million ounces of silver; then 9.0% of the silver produced thereafter for the life of the mine. Sandstorm will make ongoing payments for each ounce of silver received, equal to 30% of the spot price per ounce of silver.
Endeavour Announces High Grade Discoveries At Houndé
Endeavour Mining Corporation (“Endeavour”) announced that the ongoing exploration program at its Houndé mine in Burkina Faso has successfully extended the Kari Pump high grade mineralization and has discovered two new large mineralized zones named Kari Centre and Kari West. Following the discovery of Kari Pump zone in late 2017, Endeavour prioritized efforts on the wider Kari area which hosts a large gold-in-soil geochemical anomaly. Kari is located seven kilometres west of the Houndé processing plant and in proximity to an existing haul road.
Since late December, more than 1,000 holes totaling 76,000 metres have been drilled in the Kari area, extending the mineralized zone to an area measuring 4.0 kilometres long and 3.0 kilometres wide. Approximately 25% of the gold-in-soil anomaly is remaining to be drilled. The Kari Center discovery extends 1.2 kilometres along strike and across a width of over 200 metres, with mineralization open at depth. The Kari West discovery extends at least 1.0 kilometre along strike and across a width of 500 metres, with mineralization open at depth and towards Kari Pump.
A further 65,000 metres drilling program is underway to delineate and extend the three discoveries made, with in-fill drilling planned on the Kari Pump target. A maiden resource on the Kari Pump area is expected to be completed by the end of 2018.
For more information, visit the Endeavour website at www.endeavourmining.com and see the press release dated May 24, 2018.
Sandstorm holds a 2% NSR royalty that covers approximately 480 square kilometres of the Houndé property.
Hod Maden Drill Results
Recent exploration and infill drill results have been reported by Lidya Madencilik San. ve Tic. A.S. (“Lidya”), Sandstorm’s 70% partner at Hod Maden. Drilling is ongoing and a total of 7,069 metres in 19 drill holes have been completed in 2018 at the project. Highlights include:
HTD-182: 72.5 metres of 20.4 g/t gold and 4.9% copper from 66.5 metres, including 9.0 metres of 69.9 g/t gold and 7.0% copper from 109.0 metres; and
HTD-185: 18.5 metres of 17.6 g/t gold from 486.5 metres, including 3.2 metres of 59.7 g/t gold from 487.8 metres.
Infill drill hole HTD-182 is a high-grade intersection that is an up-dip extension of the main mineralized body that has the potential to extend to below the surface alluvials. Extension drill hole HTD-185 is a new intersection on the drill section 2075 N that is open at depth in the southwest area of the Main Zone.
For QA/QC information see the appendix of this news release. Sandstorm has a 30% interest and a 2% NSR royalty on the Hod Maden project.
Equinox Gold Provides Construction Update At Aurizona
Equinox Gold Corp. (“Equinox Gold”) has provided an update on construction progress at the Aurizona gold mine in Brazil. Construction remains on schedule to pour gold by late 2018. As of the middle of June, the plant construction was 45% complete and progressing on a number of areas including grinding, crushing, and installation of agitators in the CIP circuit. Pre-production mining activities commenced in mid-April, including removing waste from two locations in the Piaba pit and developing access roads. The mining contractor has removed more than 600,000 tonnes of waste and roadwork is underway in preparation for ore mining in the third quarter of 2018.
For more information and complete drill results, visit the Equinox Gold website at www.equinoxgold.com and see the press release dated June 14, 2018.
Sandstorm has a 3% - 5% sliding scale NSR royalty on the Aurizona project. At gold prices less than or equal to US$1,500 per ounce, the royalty is a 3% NSR. In addition, Sandstorm holds a 2% NSR royalty on the Aurizona Greenfields property, a 190,073 hectare package of exploration ground adjacent to the Aurizona project. An exploration agreement with AngloGold Ashanti Limited (“AngloGold”) was announced in 2016, whereby AngloGold may invest US$14 million in exploration to earn a 70% interest in Aurizona Greenfields.
Kirkland Lake Gold Reports High-Grade Intersections From Underground Exploration Drilling
Kirkland Lake Gold Ltd. (“KL Gold”) has announced high-grade intersections from the continuation of their 2018 infill drilling program at the Macassa mine located in Ontario. The results support further mineral resource expansion, as all but two of the intersections are located outside of the existing mineral resource blocks. In addition, the results have identified a high-potential area within the eastern extension of the South Mine Complex which is located approximately 560 metres south-southeast of the new #4 Shaft, which is currently under construction with the first phase scheduled for completion in early 2022. Highlighted underground drill results from the HM Claim include:
53-3453: 3.7 metres of 34.6 g/t gold from 222.2 metres;
53-3455: 3.9 metres of 38.4 g/t from 220.4 metres; and
53-3466: 3.6 metres of 65.5 g/t from 218.7 metres.
Reported drill lengths are true widths. For more information visit the KL Gold website at www.klgold.com and see the press release dated July 5, 2018.
Sandstorm holds a 2% NSR royalty on the HM Claim which is located within the South Mine Complex at the Macassa Mine.
Metanor Intercepts 10.7 G/T Gold Over 4.4 Metres At Bachelor Lake And 5.0 G/T Gold Over 12.1 Metres At Barry
Metanor Resources Inc. (“Metanor”) has announced results from the Moroy zone ongoing underground development at the Bachelor Lake mine in Québec, Canada. Exploration drilling is ongoing at Moroy with one underground diamond drill rig. Part of the ore sill and haulage drift development is complete and the ore drift is being pushed eastward along strike. This development into the Moroy zone will provide additional ore for production. Highlighted drill results from the zone include:
MY18-054: 4.4 metres of 10.7 g/t gold from 87.8 metres;
MY18-063: 5.5 metres of 8.4 g/t gold from 140.2 metres; and
MY18-070: 4.0 metres of 11.0 g/t gold from 140.5 metres.
Metanor has also released results from the ongoing drill campaign at the Barry project, located 65 kilometres to the south of the Bachelor Lake mine. Recent drilling has demonstrated the continuity and predictability of the shear-hosted gold deposit for over 1.1 kilometres in strike length. Highlighted drill results from Barry include:
MB-18-176: 2.7 metres of 12.2 g/t gold from 387.0 metres;
MB-18-187: 1.8 metres of 14.6 g/t gold from 330.6 metres; and
MB-18-185: 12.1 metres of 5.0 g/t gold from 113.5 metres including 2.4 metres of 15.7 g/t gold.
True widths are estimated to range between 65% - 80% of core lengths at Moroy and 70% - 95% of core lengths at Barry. Grades were uncapped at both Moroy and Barry. For more information and complete drill results, visit the Metanor website at www.metanor.ca and see the press releases dated March 1, 2018 and April 9, 2018.
Sandstorm receives a minimum of 1,500 ounces of gold per quarter from Bachelor Lake until 12,000 ounces of gold have been delivered. The gold stream will then convert to a 3.9% NSR royalty. In addition to this, Sandstorm holds a 1.0% NSR royalty on Bachelor Lake. At Barry, Sandstorm has a NSR royalty of 3.9% - 4.9%.
Sandstorm Acquires Eight Royalties On Exploration Properties
During the second quarter of 2018, Sandstorm acquired eight royalties on exploration-stage projects located in Egypt, Burkina Faso, and Côte d’Ivoire. Sandstorm now has 188 royalty assets in its portfolio. A complete list of the royalties acquired is below:
Project Owner/Partner Country Property
Size Stage NSR
Royalty
Abu Marawat Aton Resources Inc. Egypt 738 km2 Advanced Exploration 1.0%
Bouboulou Nexus Gold Corp Burkina Faso 39 km2 Exploration 1.0%
Niangouela Nexus Gold Corp Burkina Faso 178 km2 Exploration 1.0%
Rakounga Nexus Gold Corp Burkina Faso 250 km2 Exploration 1.0%
Bobosso Progress Minerals Inc. Côte d’Ivoire 800 km2 Exploration 1.0%
Bira Progress Minerals Inc. Burkina Faso 371 km2 Exploration 1.0%
Bonsiega Progress Minerals Inc. Burkina Faso 480 km2 Exploration 1.0%
Tambiri Progress Minerals Inc. Burkina Faso 127 km2 Exploration 1.0%
Abu Marawat
Sandstorm acquired a 1.0% NSR royalty on the Abu Marawat concession located in Egypt. The project is owned by Aton Resources Inc. (“Aton”) and covers more than 700 square kilometres. Aton has been actively exploring the property resulting in the identification of an extensive 40 kilometre long gold mineralized trend containing numerous gold exploration targets and two mineral resource estimates: the Hamama West gold-silver resource, and the Abu Marawat gold-silver-copper-zinc vein resource.
Recent exploration has included surface sampling programs at the Rodruin and Zeno targets and included more than 100 grab samples. A 4,000 metre RC drilling program at the Rodruin target is expected to start in early August.
For more information, visit the Aton website at www.atonresources.com and see the press releases dated May 30, 2018 and July 11, 2018.
Bouboulou, Niangouela & Rakounga
Sandstorm acquired 1.0% NSR royalties on three projects owned by Nexus Gold Corp. (“Nexus”), the Bouboulou, Niangouela, and Rakounga projects located in Burkina Faso. The Bouboulou property has five known mineralized zones and three 5 kilometre long anomalous gold trends. A drilling program completed in 2017 at Bouboulou was designed to test and extend the zones previously identified on the property. Nine of the ten diamond drill holes successfully intersected gold mineralization.
The 250 square kilometre Rakounga property is contiguous to the Bouboulou property, bordering it on the west and south sides. Two of the trends at Bouboulou extend southwest on to Rakounga. A 3,000 metre drill program was completed in 2017 that successfully identified a broad zone of gold mineralization extending over 300 metres along strike and to depths of 80 metres below surface.
The Niangouela property covers 178 square kilometres and is located on the Boromo greenstone belt. The property contains numerous quartz veins and outcroppings proximal to artisanal pits and workings. A 2,000 metre drilling program in 2017 was conducted with the objective to test a primary quartz vein and associated shear zone at depth and along strike while targeting areas of gold anomalies identified from rock samples and RAB drilling. Results from the drilling program delivered gold intercepts in eight of the first nine holes drilled.
For more information, visit the Nexus website at www.nexusgoldcorp.com and see the press releases dated May 24, 2018 and June 21, 2018.
Bira, Bonsiega, Tambiri & Bobosso
As part of a financing package, Sandstorm will receive 1.0% NSR royalties on four project areas owned or controlled by Progress Minerals Inc. (“Progress”) in Burkina Faso and Côte d’Ivoire.
The Bira property includes a 28 kilometre long composite geochemical anomaly along the southern margin of a large granitic intrusion and possible shear zone. The trend contains several areas with artisanal mining. To date, Progress has completed a power auger sampling program covering the majority of the geochemical anomaly and 5,000 metres of RC drilling, targeting the northern most portion of the anomaly. Progress has identified eight drill-ready targets and plans to complete a minimum of 20,000 metres of RC drilling across these targets commencing in the fall of 2018. Progress conducted preliminary metallurgical testing on composites from its RC drill program and received positive results suggesting that the Bira mineralization may be amendable to cyanide-leaching.
The Tambiri property hosts artisanal mining activities in several areas of the property. Progress is planning 5,000 metres of RC drilling on the Tamibiri property to target a 1.0 kilometre strike extension of one of the active artisanal mining areas, to follow-up on historic drilling. Additional programs on Tamibiri will include mapping, soil sampling and power auger sampling to define additional drill targets.
The Bonsiega property is along the western extension of the Bira trend. An IP survey and power auger sampling program are planned across several target areas in the fourth quarter of 2018.
The Bobosso property, located in Cote d’Ivoire, hosts a seven square kilometre gold-in-soil anomaly. Progress completed two drilling programs in 2017 (4,244 metres of RC and 1,657 metres of diamond drilling) which were successful in identifying gold mineralization in seven target areas, including multiple zones with continuity over 300 metres of strike length. Progress also conducted initial bulk-leak extractable gold tests on several composites from the drilling. This preliminary metallurgical test work indicated that mineralization may be amenable to cyanide-leaching. An IP survey is planned for July 2018 and will be followed up on in the fall of 2018, with an RC drilling program of 10,000 metres.
For more information, visit the Progress website at www.progressminerals.com and see the press release dated June 12, 2018.
Erdene Intercepts 2.6 G/T Gold Over 81.4 Metres At Bayan Khundii
Erdene Resource Development Corp. (“Erdene”) has announced the results from its second quarter drill program at the Bayan Khundii project in southwest Mongolia. The drill program was designed to test priority structural targets, complete closer-spaced drilling within specific zones, and to test areas within the larger 1.4 kilometre trend that demonstrate good potential for establishing additional extensions to the gold mineralizes zones. Highlighted drill results from Bayan Khundii include:
BKD-251: 51.8 metres of 2.8 g/t gold from 93.0 metres; and
BKD-254: 81.4 metres of 2.6 g/t gold from 102.6 metres, including 17.0 metres of 9.2 g/t gold.
Erdene is currently working on a maiden resource estimate at Bayan Khundii that is expected to be announced in 2018.
For more information, visit the Erdene website at www.erdene.com and see the press releases dated May 10, 2018 and July 5, 2018. Sandstorm has a 2% NSR royalty on Erdene’s Bayan Khundii and Altan Nar properties.
Appendix
Table 1: Hod Maden Drill Results
Hole Zone Section From To Intercept (m) Au (g/t) Cu (%) Azimuth Dip Depth
HTD 182 Main L2225N 66.50 139.00 72.50 20.39 4.87 090 -30 150.0
Includes 109.00 118.00 9.00 69.94 7.02
HTD 185 Main L2075N 411.00 419.00 8.00 2.97 0.77 090 -65 531.00
486.50 505.00 18.50 17.55 -
Includes 487.80 491.00 3.20 59.71 -
QA/QC
All assay data was provided to Sandstorm by Lidya. Mineralised intervals presented in Table 1 are drill intersection widths and may not represent true widths of mineralisation. Drill core obtained from the diamond drill program was dominantly HQ-sized core with the remainder being PQ-sized core. Intercepts are calculated using a 0.5 g/t cut-off allowing one interval of internal and adjacent dilution. All drill core was photographed and quick logged prior to sampling. Standard sampling protocol involved the halving of all drill core and sampling over generally 1 metre intervals (in clearly mineralised sections) or 2 metre intervals (elsewhere), with one half of the core being placed in a sealed sample bag and dispatched to the analytical laboratory for analysis. Samples have been analyzed at ALS Laboratories’ facility in Izmir, western Turkey. All samples have been analyzed for gold using a 30 gram Fire Assay with AAS finish (or Screen Fire Assay for higher grade samples), in addition to a 32 element ICP-AES analysis of an aqua regia digest. Samples in which ICP analyses returned greater than the maximum detection limit for the elements Ag (10 ppm), Cu (10,000 ppm), Fe (15%), Pb (10,000 ppm), and Zn (10,000 ppm) were reanalyzed using the AAS analytical technique. Standards and blanks were inserted in to the analytical sequence on the basis of one standard for every 20 samples, 2 blanks in every batch, and one duplicate every 40 samples.
Sandstorm Gold Royalties Provides Corporate and Asset Updates
Vancouver, British Columbia | Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", “Sandstorm” or the “Company”) (NYSE American: SAND, TSX: SSL) is pleased to provide an update related to share repurchases under the Company’s Normal Course Issuer Bid (“NCIB”), recent developments from the Company’s royalty portfolio, as well as the acquisition of eight royalties on exploration-staged properties.
Normal Course Issuer Bid Update
Since the renewal of the NCIB on April 5, 2018, Sandstorm has acted on its stated intention to repurchase shares of the Company. Approximately 1.4 million shares have been repurchased since April. Sandstorm may purchase up to a maximum of 9.2 million shares under the current NCIB program.
Yamana Declares Commercial Production At Cerro Moro And Increases Exploration Budget
Yamana Gold Inc. (“Yamana”) announced the declaration of commercial production at the Cerro Moro project in Argentina in late June 2018. Yamana is now focusing on optimizing the operation to ensure that gold and silver production and operating costs reach guidance levels.
The exploration budget at Cerro Moro for 2018 has increased from $9.0 million to $11.2 million. Yamana has set an exploration objective of adding one million gold equivalent ounces to the mineral inventory at Cerro Moro.
The objectives for the 2018 exploration program are:
Convert 110,000 gold equivalent ounces of inferred resources to measured and indicated mineral resources;
Discover 250,000 gold equivalent ounces of new inferred mineral resources; and
Define future drill targets through scout drilling, soil and rock sampling, and mapping.
For more information, visit the Yamana website at www.yamana.com and see press releases dated May 16, 2018 and June 26, 2018.
Beginning in 2019, Sandstorm has a silver stream agreement to purchase an amount of silver from Cerro Moro equal to 20% of the silver produced, up to a maximum of 1.2 million ounces of silver annually, until Yamana has delivered to Sandstorm 7.0 million ounces of silver; then 9.0% of the silver produced thereafter for the life of the mine. Sandstorm will make ongoing payments for each ounce of silver received, equal to 30% of the spot price per ounce of silver.
Endeavour Announces High Grade Discoveries At Houndé
Endeavour Mining Corporation (“Endeavour”) announced that the ongoing exploration program at its Houndé mine in Burkina Faso has successfully extended the Kari Pump high grade mineralization and has discovered two new large mineralized zones named Kari Centre and Kari West. Following the discovery of Kari Pump zone in late 2017, Endeavour prioritized efforts on the wider Kari area which hosts a large gold-in-soil geochemical anomaly. Kari is located seven kilometres west of the Houndé processing plant and in proximity to an existing haul road.
Since late December, more than 1,000 holes totaling 76,000 metres have been drilled in the Kari area, extending the mineralized zone to an area measuring 4.0 kilometres long and 3.0 kilometres wide. Approximately 25% of the gold-in-soil anomaly is remaining to be drilled. The Kari Center discovery extends 1.2 kilometres along strike and across a width of over 200 metres, with mineralization open at depth. The Kari West discovery extends at least 1.0 kilometre along strike and across a width of 500 metres, with mineralization open at depth and towards Kari Pump.
A further 65,000 metres drilling program is underway to delineate and extend the three discoveries made, with in-fill drilling planned on the Kari Pump target. A maiden resource on the Kari Pump area is expected to be completed by the end of 2018.
For more information, visit the Endeavour website at www.endeavourmining.com and see the press release dated May 24, 2018.
Sandstorm holds a 2% NSR royalty that covers approximately 480 square kilometres of the Houndé property.
Hod Maden Drill Results
Recent exploration and infill drill results have been reported by Lidya Madencilik San. ve Tic. A.S. (“Lidya”), Sandstorm’s 70% partner at Hod Maden. Drilling is ongoing and a total of 7,069 metres in 19 drill holes have been completed in 2018 at the project. Highlights include:
HTD-182: 72.5 metres of 20.4 g/t gold and 4.9% copper from 66.5 metres, including 9.0 metres of 69.9 g/t gold and 7.0% copper from 109.0 metres; and
HTD-185: 18.5 metres of 17.6 g/t gold from 486.5 metres, including 3.2 metres of 59.7 g/t gold from 487.8 metres.
Infill drill hole HTD-182 is a high-grade intersection that is an up-dip extension of the main mineralized body that has the potential to extend to below the surface alluvials. Extension drill hole HTD-185 is a new intersection on the drill section 2075 N that is open at depth in the southwest area of the Main Zone.
For QA/QC information see the appendix of this news release. Sandstorm has a 30% interest and a 2% NSR royalty on the Hod Maden project.
Equinox Gold Provides Construction Update At Aurizona
Equinox Gold Corp. (“Equinox Gold”) has provided an update on construction progress at the Aurizona gold mine in Brazil. Construction remains on schedule to pour gold by late 2018. As of the middle of June, the plant construction was 45% complete and progressing on a number of areas including grinding, crushing, and installation of agitators in the CIP circuit. Pre-production mining activities commenced in mid-April, including removing waste from two locations in the Piaba pit and developing access roads. The mining contractor has removed more than 600,000 tonnes of waste and roadwork is underway in preparation for ore mining in the third quarter of 2018.
For more information and complete drill results, visit the Equinox Gold website at www.equinoxgold.com and see the press release dated June 14, 2018.
Sandstorm has a 3% - 5% sliding scale NSR royalty on the Aurizona project. At gold prices less than or equal to US$1,500 per ounce, the royalty is a 3% NSR. In addition, Sandstorm holds a 2% NSR royalty on the Aurizona Greenfields property, a 190,073 hectare package of exploration ground adjacent to the Aurizona project. An exploration agreement with AngloGold Ashanti Limited (“AngloGold”) was announced in 2016, whereby AngloGold may invest US$14 million in exploration to earn a 70% interest in Aurizona Greenfields.
Kirkland Lake Gold Reports High-Grade Intersections From Underground Exploration Drilling
Kirkland Lake Gold Ltd. (“KL Gold”) has announced high-grade intersections from the continuation of their 2018 infill drilling program at the Macassa mine located in Ontario. The results support further mineral resource expansion, as all but two of the intersections are located outside of the existing mineral resource blocks. In addition, the results have identified a high-potential area within the eastern extension of the South Mine Complex which is located approximately 560 metres south-southeast of the new #4 Shaft, which is currently under construction with the first phase scheduled for completion in early 2022. Highlighted underground drill results from the HM Claim include:
53-3453: 3.7 metres of 34.6 g/t gold from 222.2 metres;
53-3455: 3.9 metres of 38.4 g/t from 220.4 metres; and
53-3466: 3.6 metres of 65.5 g/t from 218.7 metres.
Reported drill lengths are true widths. For more information visit the KL Gold website at www.klgold.com and see the press release dated July 5, 2018.
Sandstorm holds a 2% NSR royalty on the HM Claim which is located within the South Mine Complex at the Macassa Mine.
Metanor Intercepts 10.7 G/T Gold Over 4.4 Metres At Bachelor Lake And 5.0 G/T Gold Over 12.1 Metres At Barry
Metanor Resources Inc. (“Metanor”) has announced results from the Moroy zone ongoing underground development at the Bachelor Lake mine in Québec, Canada. Exploration drilling is ongoing at Moroy with one underground diamond drill rig. Part of the ore sill and haulage drift development is complete and the ore drift is being pushed eastward along strike. This development into the Moroy zone will provide additional ore for production. Highlighted drill results from the zone include:
MY18-054: 4.4 metres of 10.7 g/t gold from 87.8 metres;
MY18-063: 5.5 metres of 8.4 g/t gold from 140.2 metres; and
MY18-070: 4.0 metres of 11.0 g/t gold from 140.5 metres.
Metanor has also released results from the ongoing drill campaign at the Barry project, located 65 kilometres to the south of the Bachelor Lake mine. Recent drilling has demonstrated the continuity and predictability of the shear-hosted gold deposit for over 1.1 kilometres in strike length. Highlighted drill results from Barry include:
MB-18-176: 2.7 metres of 12.2 g/t gold from 387.0 metres;
MB-18-187: 1.8 metres of 14.6 g/t gold from 330.6 metres; and
MB-18-185: 12.1 metres of 5.0 g/t gold from 113.5 metres including 2.4 metres of 15.7 g/t gold.
True widths are estimated to range between 65% - 80% of core lengths at Moroy and 70% - 95% of core lengths at Barry. Grades were uncapped at both Moroy and Barry. For more information and complete drill results, visit the Metanor website at www.metanor.ca and see the press releases dated March 1, 2018 and April 9, 2018.
Sandstorm receives a minimum of 1,500 ounces of gold per quarter from Bachelor Lake until 12,000 ounces of gold have been delivered. The gold stream will then convert to a 3.9% NSR royalty. In addition to this, Sandstorm holds a 1.0% NSR royalty on Bachelor Lake. At Barry, Sandstorm has a NSR royalty of 3.9% - 4.9%.
Sandstorm Acquires Eight Royalties On Exploration Properties
During the second quarter of 2018, Sandstorm acquired eight royalties on exploration-stage projects located in Egypt, Burkina Faso, and Côte d’Ivoire. Sandstorm now has 188 royalty assets in its portfolio. A complete list of the royalties acquired is below:
Project Owner/Partner Country Property
Size Stage NSR
Royalty
Abu Marawat Aton Resources Inc. Egypt 738 km2 Advanced Exploration 1.0%
Bouboulou Nexus Gold Corp Burkina Faso 39 km2 Exploration 1.0%
Niangouela Nexus Gold Corp Burkina Faso 178 km2 Exploration 1.0%
Rakounga Nexus Gold Corp Burkina Faso 250 km2 Exploration 1.0%
Bobosso Progress Minerals Inc. Côte d’Ivoire 800 km2 Exploration 1.0%
Bira Progress Minerals Inc. Burkina Faso 371 km2 Exploration 1.0%
Bonsiega Progress Minerals Inc. Burkina Faso 480 km2 Exploration 1.0%
Tambiri Progress Minerals Inc. Burkina Faso 127 km2 Exploration 1.0%
Abu Marawat
Sandstorm acquired a 1.0% NSR royalty on the Abu Marawat concession located in Egypt. The project is owned by Aton Resources Inc. (“Aton”) and covers more than 700 square kilometres. Aton has been actively exploring the property resulting in the identification of an extensive 40 kilometre long gold mineralized trend containing numerous gold exploration targets and two mineral resource estimates: the Hamama West gold-silver resource, and the Abu Marawat gold-silver-copper-zinc vein resource.
Recent exploration has included surface sampling programs at the Rodruin and Zeno targets and included more than 100 grab samples. A 4,000 metre RC drilling program at the Rodruin target is expected to start in early August.
For more information, visit the Aton website at www.atonresources.com and see the press releases dated May 30, 2018 and July 11, 2018.
Bouboulou, Niangouela & Rakounga
Sandstorm acquired 1.0% NSR royalties on three projects owned by Nexus Gold Corp. (“Nexus”), the Bouboulou, Niangouela, and Rakounga projects located in Burkina Faso. The Bouboulou property has five known mineralized zones and three 5 kilometre long anomalous gold trends. A drilling program completed in 2017 at Bouboulou was designed to test and extend the zones previously identified on the property. Nine of the ten diamond drill holes successfully intersected gold mineralization.
The 250 square kilometre Rakounga property is contiguous to the Bouboulou property, bordering it on the west and south sides. Two of the trends at Bouboulou extend southwest on to Rakounga. A 3,000 metre drill program was completed in 2017 that successfully identified a broad zone of gold mineralization extending over 300 metres along strike and to depths of 80 metres below surface.
The Niangouela property covers 178 square kilometres and is located on the Boromo greenstone belt. The property contains numerous quartz veins and outcroppings proximal to artisanal pits and workings. A 2,000 metre drilling program in 2017 was conducted with the objective to test a primary quartz vein and associated shear zone at depth and along strike while targeting areas of gold anomalies identified from rock samples and RAB drilling. Results from the drilling program delivered gold intercepts in eight of the first nine holes drilled.
For more information, visit the Nexus website at www.nexusgoldcorp.com and see the press releases dated May 24, 2018 and June 21, 2018.
Bira, Bonsiega, Tambiri & Bobosso
As part of a financing package, Sandstorm will receive 1.0% NSR royalties on four project areas owned or controlled by Progress Minerals Inc. (“Progress”) in Burkina Faso and Côte d’Ivoire.
The Bira property includes a 28 kilometre long composite geochemical anomaly along the southern margin of a large granitic intrusion and possible shear zone. The trend contains several areas with artisanal mining. To date, Progress has completed a power auger sampling program covering the majority of the geochemical anomaly and 5,000 metres of RC drilling, targeting the northern most portion of the anomaly. Progress has identified eight drill-ready targets and plans to complete a minimum of 20,000 metres of RC drilling across these targets commencing in the fall of 2018. Progress conducted preliminary metallurgical testing on composites from its RC drill program and received positive results suggesting that the Bira mineralization may be amendable to cyanide-leaching.
The Tambiri property hosts artisanal mining activities in several areas of the property. Progress is planning 5,000 metres of RC drilling on the Tamibiri property to target a 1.0 kilometre strike extension of one of the active artisanal mining areas, to follow-up on historic drilling. Additional programs on Tamibiri will include mapping, soil sampling and power auger sampling to define additional drill targets.
The Bonsiega property is along the western extension of the Bira trend. An IP survey and power auger sampling program are planned across several target areas in the fourth quarter of 2018.
The Bobosso property, located in Cote d’Ivoire, hosts a seven square kilometre gold-in-soil anomaly. Progress completed two drilling programs in 2017 (4,244 metres of RC and 1,657 metres of diamond drilling) which were successful in identifying gold mineralization in seven target areas, including multiple zones with continuity over 300 metres of strike length. Progress also conducted initial bulk-leak extractable gold tests on several composites from the drilling. This preliminary metallurgical test work indicated that mineralization may be amenable to cyanide-leaching. An IP survey is planned for July 2018 and will be followed up on in the fall of 2018, with an RC drilling program of 10,000 metres.
For more information, visit the Progress website at www.progressminerals.com and see the press release dated June 12, 2018.
Erdene Intercepts 2.6 G/T Gold Over 81.4 Metres At Bayan Khundii
Erdene Resource Development Corp. (“Erdene”) has announced the results from its second quarter drill program at the Bayan Khundii project in southwest Mongolia. The drill program was designed to test priority structural targets, complete closer-spaced drilling within specific zones, and to test areas within the larger 1.4 kilometre trend that demonstrate good potential for establishing additional extensions to the gold mineralizes zones. Highlighted drill results from Bayan Khundii include:
BKD-251: 51.8 metres of 2.8 g/t gold from 93.0 metres; and
BKD-254: 81.4 metres of 2.6 g/t gold from 102.6 metres, including 17.0 metres of 9.2 g/t gold.
Erdene is currently working on a maiden resource estimate at Bayan Khundii that is expected to be announced in 2018.
For more information, visit the Erdene website at www.erdene.com and see the press releases dated May 10, 2018 and July 5, 2018. Sandstorm has a 2% NSR royalty on Erdene’s Bayan Khundii and Altan Nar properties.
Appendix
Table 1: Hod Maden Drill Results
Hole Zone Section From To Intercept (m) Au (g/t) Cu (%) Azimuth Dip Depth
HTD 182 Main L2225N 66.50 139.00 72.50 20.39 4.87 090 -30 150.0
Includes 109.00 118.00 9.00 69.94 7.02
HTD 185 Main L2075N 411.00 419.00 8.00 2.97 0.77 090 -65 531.00
486.50 505.00 18.50 17.55 -
Includes 487.80 491.00 3.20 59.71 -
QA/QC
All assay data was provided to Sandstorm by Lidya. Mineralised intervals presented in Table 1 are drill intersection widths and may not represent true widths of mineralisation. Drill core obtained from the diamond drill program was dominantly HQ-sized core with the remainder being PQ-sized core. Intercepts are calculated using a 0.5 g/t cut-off allowing one interval of internal and adjacent dilution. All drill core was photographed and quick logged prior to sampling. Standard sampling protocol involved the halving of all drill core and sampling over generally 1 metre intervals (in clearly mineralised sections) or 2 metre intervals (elsewhere), with one half of the core being placed in a sealed sample bag and dispatched to the analytical laboratory for analysis. Samples have been analyzed at ALS Laboratories’ facility in Izmir, western Turkey. All samples have been analyzed for gold using a 30 gram Fire Assay with AAS finish (or Screen Fire Assay for higher grade samples), in addition to a 32 element ICP-AES analysis of an aqua regia digest. Samples in which ICP analyses returned greater than the maximum detection limit for the elements Ag (10 ppm), Cu (10,000 ppm), Fe (15%), Pb (10,000 ppm), and Zn (10,000 ppm) were reanalyzed using the AAS analytical technique. Standards and blanks were inserted in to the analytical sequence on the basis of one standard for every 20 samples, 2 blanks in every batch, and one duplicate every 40 samples.
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October 1, 2018
SANDSTORM GOLD ROYALTIES ANNOUNCES 2018 THIRD QUARTER SALES NUMBERS
Vancouver, British Columbia | Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE American: SAND, TSX: SSL) is pleased to report that the Company has sold approximately 14,300 attributable gold equivalent ounces1 during the third quarter of 2018. Approximately 85% of the ounces came from operations run by major and mid-tier mining companies.
SANDSTORM GOLD ROYALTIES ANNOUNCES 2018 THIRD QUARTER SALES NUMBERS
Vancouver, British Columbia | Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE American: SAND, TSX: SSL) is pleased to report that the Company has sold approximately 14,300 attributable gold equivalent ounces1 during the third quarter of 2018. Approximately 85% of the ounces came from operations run by major and mid-tier mining companies.
October 9, 2018
Sandstorm Gold Royalties Provides Asset Updates
Vancouver, British Columbia | Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE American: SAND, TSX: SSL) is pleased to announce recent updates from the Company’s royalty properties.
Rio Tinto Announces Commencement of Mining from A21 Pipe and 177.7 Carat Diamond
Rio Tinto Group (“Rio Tinto”) announced the opening of a fourth diamond pipe at the Diavik Diamond Mine in the Northwest Territories of Canada. The new open pit pipe will provide a source of incremental supply over the next four years to sustain production levels at the Diavik mine. First ore was delivered in March and the pit is expected to be at full production during the fourth quarter of 2018, following a four year construction period and an investment of approximately US$350 million.
Rio Tinto and joint venture partner, Dominion Diamond Mines, have revealed three of the finest large rough diamonds from Diavik. The three diamonds, collectively known as The Diavik Stars of the Arctic, will be tendered to diamond specialists from around the world. The largest of the three diamonds is a 177.7 carat diamond, which is one of the largest and most valuable gem quality rough diamonds ever produced in Canada.
For more information, visit the Rio Tinto website at www.riotinto.com and see the press releases dated August 20, 2018 and October 1, 2018. Sandstorm has a 1.0% gross proceeds royalty on the Diavik Mine.
Aton Resources Releases Results from First Drill Holes, including 36.0 Metres of 12.5 g/t Gold at Rodruin Target
Aton Resources Inc. (“Aton”) has announced the results from the first three holes of their reverse circulation (“RC”) drilling program at the Abu Marawat project located in Egypt. The drilling commenced on August 27, 2018 at the Rodruin target and is ongoing with all holes to date having intersected logged mineralization. This first phase of drilling is expected to consist of approximately 4,000 to 6,000 metres of RC drilling, initially testing the main zone of ancient workings and mapped mineralization in the Aladdin’s Hill area at Rodruin.
Highlighted results include:
ROP-001: 13.0 metres of 1.0 gram per tonne (“g/t”) gold from 10.0 metres;
ROP-002: 59.0 metres of 0.9 g/t gold from surface; and
ROP-003: 36.0 metres of 12.5 g/t gold (5.4 g/t gold with 30 g/t Au top cut) from 5.0 metres.
For more information and complete drill results, visit the Aton website at www.atonresources.com and see the press release dated October 1, 2018. Sandstorm has a 1.0% net smelter returns (“NSR”) royalty on the Abu Marawat property.
Equinox Gold Releases Drill Results from Tatajuba Target
Equinox Gold Corp. (“Equinox Gold”) has announced positive exploration drill results from the Tatajuba target at the Aurizona Mine in Brazil. Tatajuba is the western extension of the main Piaba Trend that hosts Aurizona and previous exploration work has defined a target more than 4.0 kilometres in length. The drill program focused on a 600-metre long portion of Tatajuba where historical drilling identified gold mineralization in the shallow saprolite zone. All of the 12 drill holes intersected the gold zone, extending gold mineralization to depths up to 150 metres from surface. The drilling also confirmed continuity of mineralization into the deeper fresh rock.
Highlighted drill results from Tatajuba include:
D644: 44.0 metres of 1.3 g/t gold from 98.0 metres;
D645: 37.0 metres of 1.4 g/t gold from 95.0 metres;
D647: 35.0 metres of 2.0 g/t gold from 2.0 metres; and
D654: 20.0 metres of 2.1 g/t gold from 109.0 metres.
True widths of the mineralized intervals are interpreted to be 60% - 90% of the reported lengths. All samples were submitted to ALS Chemex for analysis. For more information and complete drill results, visit the Equinox Gold website at www.equinoxgold.com and see the press release dated September 5, 2018. Sandstorm has a 3% to 5% sliding scale NSR royalty on the Aurizona project. At gold prices less than or equal to US$1,500 per ounce, the royalty is a 3% NSR.
McEwen Intersects 53.9 g/t Gold over 8.3 Metres at the Froome Footwall Zone
McEwen Mining Inc. (“McEwen”) has reported an updated resource estimate from the Froome Deposit and exploration results from its ongoing US$15 million exploration program at the Black Fox Complex near Timmins, Ontario. The updated Indicated Mineral Resource contains 181,000 ounces of gold contained in 1.1 million tonnes at a grade of 5.1 g/t (3.2 g/t cut-off). Surface drilling at the Froome deposit during the third quarter focused on evaluating the down-plunge extension and assessing the potential of the mineralized footwall.
Highlighted drill results from the Black Fox Complex include:
Froome Footwall
18PR-G279: 8.3 metres of 53.9 g/t gold from 113.0 metres;
18PR-G288: 6.1 metres of 3.3 g/t gold from 81.0 metres; and
18PR-G292: 7.1 metres of 3.1 g/t gold from 150.2 metres.
Black Fox Underground
490-l094-98: 0.8 metres of 161.9 g/t gold from 215.8 metres; and
520-EX346-42: 1.3 metres of 6.9 g/t gold from 426.5 metres and 1.7 metres of 35.1 g/t gold from 561.0 metres.
All intercept widths are interpreted to be true widths. Analyses reported were performed by the independent laboratories: ALS Laboratories, Activation Labs, and SGS Canada Laboratories. For more information and complete drill results, visit the McEwen website at www.mcewenmining.com and see the press release dated September 6, 2018. Sandstorm has a gold stream agreement to purchase 8% of the gold produced from Black Fox at an ongoing cost of US$540 per ounce.
Erdene Announces Resource Estimate for Bayan Khundii Deposit
Erdene Resource Development Corp. (“Erdene”) announced a Mineral Resource estimate for the Bayan Khundii deposit in Mongolia. A resource estimate was released in May 2018 on the nearby Altan Nar deposit and Erdene plans to incorporate both resource estimates into one Preliminary Economic Assessment for the Khundii Gold District by year end. They expect to submit mining license applications for both Bayan Khundii and Altan Nar in early 2019. A regional exploration program is currently underway testing multiple targets.
The Bayan Khundii Measured and Indicated Mineral Resource contains 433,000 ounces of gold contained in 5.1 million tonnes at a grade of 2.6 g/t (0.6 g/t cut-off). The Mineral Resource incorporated 255 diamond drill holes totaling over 42,000 metres, completed between Q4-2015 and Q2-2018.
For more information, visit the Erdene website at www.erdene.com and see the press release dated September 18, 2018. Sandstorm has a 2% NSR royalty on Erdene’s Bayan Khundii and Altan Nar properties.
Rambler Provides Update on Underground Exploration Program at Ming
Rambler Metals and Mining plc (“Rambler”) have completed over 11,000 metres of drilling at the Ming Mine located in eastern Canada during the first eight months of 2018. The exploration drilling in the Ming North Zone has discovered significant mineralization down plunge of the historical mining limits in the mine. Results announced from this drilling have extended the high grade massive sulphide zone approximately 300 metres down plunge.
Drilling highlights include:
R18-722-01: 19.0 metres of 4.1% copper and 2.8 g/t gold from 102.0 metres;
R18-722-12: 25.5 metres of 9.4% copper and 5.1 g/t gold from 126.0 metres; and
R18-722-15: 17.0 metres of 3.1% copper and 2.3 g/t gold from 148.7 metres.
True widths are estimated to range between 50% - 75% of core lengths. All core samples assayed and pertaining to these results were completed by Eastern Analytical Limitied. For more information and complete drill results, visit the Rambler website at www.ramblermines.com and see the press release dated October 1, 2018. Sandstorm has a gold stream agreement with Rambler to receive 25% of the first 175,000 ounces of gold produced, and 12% of the gold produced thereafter from the Ming mine.
Sandstorm Files Early Warning Report
Pursuant to National Instrument 62-103 - The Early Warning System and Related Take Over Bid and Insider Reporting Issues, the Company wishes to report that during the period of May 25, 2018 through June 12, 2018, the Company made market purchases aggregating 1,190,000 common shares ("Entrée Shares") in the capital of Entrée Resources Ltd. ("Entrée") at prices ranging from C$0.44 to C$0.55 per Entrée Share through the facilities of the Toronto Stock Exchange (the "Entrée Market Purchases").
Prior to completion of the Entrée Market Purchases, the Company held 23,900,380 Entrée Shares and warrants to purchase an additional 457,317 Entrée Shares ("Entrée Warrants"), representing approximately 13.7% of the current issued and outstanding Entrée Shares on a non-diluted basis. Assuming the exercise of all 457,317 Entrée Warrants held by the Company, the Company previously held an aggregate of 24,357,697 Entrée Shares, representing approximately 13.9% of the current issued and outstanding Entrée Shares (on a partially diluted basis). Sandstorm´s current holdings of 25,090,380 Entrée Shares represent approximately 14.4% of the current issued and outstanding Entrée Shares on a non-diluted basis. Assuming the exercise of the Company´s 457,317 Entrée Warrants, the Company holds 25,547,697 Entrée Shares, representing approximately 14.6% of the current issued and outstanding Entrée Shares (on a partially diluted basis).
The acquisitions by Sandstorm were effected for investment purposes. Sandstorm currently intends to acquire additional securities of Entrée, which acquisitions will be reported in accordance with applicable laws, and may from time to time dispose of some or all of the existing or additional securities it holds or will hold, or may continue to hold its current position. Sandstorm´s early warning report, as required under National Instrument 62-103, contains additional information with respect to the foregoing matters and will be filed by Sandstorm on Entrée´s SEDAR profile at www.sedar.com and may also be obtained by contacting the Company at 604-628-1164 or by email at info@sandstormgold.com.
Sandstorm Gold Royalties Provides Asset Updates
Vancouver, British Columbia | Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE American: SAND, TSX: SSL) is pleased to announce recent updates from the Company’s royalty properties.
Rio Tinto Announces Commencement of Mining from A21 Pipe and 177.7 Carat Diamond
Rio Tinto Group (“Rio Tinto”) announced the opening of a fourth diamond pipe at the Diavik Diamond Mine in the Northwest Territories of Canada. The new open pit pipe will provide a source of incremental supply over the next four years to sustain production levels at the Diavik mine. First ore was delivered in March and the pit is expected to be at full production during the fourth quarter of 2018, following a four year construction period and an investment of approximately US$350 million.
Rio Tinto and joint venture partner, Dominion Diamond Mines, have revealed three of the finest large rough diamonds from Diavik. The three diamonds, collectively known as The Diavik Stars of the Arctic, will be tendered to diamond specialists from around the world. The largest of the three diamonds is a 177.7 carat diamond, which is one of the largest and most valuable gem quality rough diamonds ever produced in Canada.
For more information, visit the Rio Tinto website at www.riotinto.com and see the press releases dated August 20, 2018 and October 1, 2018. Sandstorm has a 1.0% gross proceeds royalty on the Diavik Mine.
Aton Resources Releases Results from First Drill Holes, including 36.0 Metres of 12.5 g/t Gold at Rodruin Target
Aton Resources Inc. (“Aton”) has announced the results from the first three holes of their reverse circulation (“RC”) drilling program at the Abu Marawat project located in Egypt. The drilling commenced on August 27, 2018 at the Rodruin target and is ongoing with all holes to date having intersected logged mineralization. This first phase of drilling is expected to consist of approximately 4,000 to 6,000 metres of RC drilling, initially testing the main zone of ancient workings and mapped mineralization in the Aladdin’s Hill area at Rodruin.
Highlighted results include:
ROP-001: 13.0 metres of 1.0 gram per tonne (“g/t”) gold from 10.0 metres;
ROP-002: 59.0 metres of 0.9 g/t gold from surface; and
ROP-003: 36.0 metres of 12.5 g/t gold (5.4 g/t gold with 30 g/t Au top cut) from 5.0 metres.
For more information and complete drill results, visit the Aton website at www.atonresources.com and see the press release dated October 1, 2018. Sandstorm has a 1.0% net smelter returns (“NSR”) royalty on the Abu Marawat property.
Equinox Gold Releases Drill Results from Tatajuba Target
Equinox Gold Corp. (“Equinox Gold”) has announced positive exploration drill results from the Tatajuba target at the Aurizona Mine in Brazil. Tatajuba is the western extension of the main Piaba Trend that hosts Aurizona and previous exploration work has defined a target more than 4.0 kilometres in length. The drill program focused on a 600-metre long portion of Tatajuba where historical drilling identified gold mineralization in the shallow saprolite zone. All of the 12 drill holes intersected the gold zone, extending gold mineralization to depths up to 150 metres from surface. The drilling also confirmed continuity of mineralization into the deeper fresh rock.
Highlighted drill results from Tatajuba include:
D644: 44.0 metres of 1.3 g/t gold from 98.0 metres;
D645: 37.0 metres of 1.4 g/t gold from 95.0 metres;
D647: 35.0 metres of 2.0 g/t gold from 2.0 metres; and
D654: 20.0 metres of 2.1 g/t gold from 109.0 metres.
True widths of the mineralized intervals are interpreted to be 60% - 90% of the reported lengths. All samples were submitted to ALS Chemex for analysis. For more information and complete drill results, visit the Equinox Gold website at www.equinoxgold.com and see the press release dated September 5, 2018. Sandstorm has a 3% to 5% sliding scale NSR royalty on the Aurizona project. At gold prices less than or equal to US$1,500 per ounce, the royalty is a 3% NSR.
McEwen Intersects 53.9 g/t Gold over 8.3 Metres at the Froome Footwall Zone
McEwen Mining Inc. (“McEwen”) has reported an updated resource estimate from the Froome Deposit and exploration results from its ongoing US$15 million exploration program at the Black Fox Complex near Timmins, Ontario. The updated Indicated Mineral Resource contains 181,000 ounces of gold contained in 1.1 million tonnes at a grade of 5.1 g/t (3.2 g/t cut-off). Surface drilling at the Froome deposit during the third quarter focused on evaluating the down-plunge extension and assessing the potential of the mineralized footwall.
Highlighted drill results from the Black Fox Complex include:
Froome Footwall
18PR-G279: 8.3 metres of 53.9 g/t gold from 113.0 metres;
18PR-G288: 6.1 metres of 3.3 g/t gold from 81.0 metres; and
18PR-G292: 7.1 metres of 3.1 g/t gold from 150.2 metres.
Black Fox Underground
490-l094-98: 0.8 metres of 161.9 g/t gold from 215.8 metres; and
520-EX346-42: 1.3 metres of 6.9 g/t gold from 426.5 metres and 1.7 metres of 35.1 g/t gold from 561.0 metres.
All intercept widths are interpreted to be true widths. Analyses reported were performed by the independent laboratories: ALS Laboratories, Activation Labs, and SGS Canada Laboratories. For more information and complete drill results, visit the McEwen website at www.mcewenmining.com and see the press release dated September 6, 2018. Sandstorm has a gold stream agreement to purchase 8% of the gold produced from Black Fox at an ongoing cost of US$540 per ounce.
Erdene Announces Resource Estimate for Bayan Khundii Deposit
Erdene Resource Development Corp. (“Erdene”) announced a Mineral Resource estimate for the Bayan Khundii deposit in Mongolia. A resource estimate was released in May 2018 on the nearby Altan Nar deposit and Erdene plans to incorporate both resource estimates into one Preliminary Economic Assessment for the Khundii Gold District by year end. They expect to submit mining license applications for both Bayan Khundii and Altan Nar in early 2019. A regional exploration program is currently underway testing multiple targets.
The Bayan Khundii Measured and Indicated Mineral Resource contains 433,000 ounces of gold contained in 5.1 million tonnes at a grade of 2.6 g/t (0.6 g/t cut-off). The Mineral Resource incorporated 255 diamond drill holes totaling over 42,000 metres, completed between Q4-2015 and Q2-2018.
For more information, visit the Erdene website at www.erdene.com and see the press release dated September 18, 2018. Sandstorm has a 2% NSR royalty on Erdene’s Bayan Khundii and Altan Nar properties.
Rambler Provides Update on Underground Exploration Program at Ming
Rambler Metals and Mining plc (“Rambler”) have completed over 11,000 metres of drilling at the Ming Mine located in eastern Canada during the first eight months of 2018. The exploration drilling in the Ming North Zone has discovered significant mineralization down plunge of the historical mining limits in the mine. Results announced from this drilling have extended the high grade massive sulphide zone approximately 300 metres down plunge.
Drilling highlights include:
R18-722-01: 19.0 metres of 4.1% copper and 2.8 g/t gold from 102.0 metres;
R18-722-12: 25.5 metres of 9.4% copper and 5.1 g/t gold from 126.0 metres; and
R18-722-15: 17.0 metres of 3.1% copper and 2.3 g/t gold from 148.7 metres.
True widths are estimated to range between 50% - 75% of core lengths. All core samples assayed and pertaining to these results were completed by Eastern Analytical Limitied. For more information and complete drill results, visit the Rambler website at www.ramblermines.com and see the press release dated October 1, 2018. Sandstorm has a gold stream agreement with Rambler to receive 25% of the first 175,000 ounces of gold produced, and 12% of the gold produced thereafter from the Ming mine.
Sandstorm Files Early Warning Report
Pursuant to National Instrument 62-103 - The Early Warning System and Related Take Over Bid and Insider Reporting Issues, the Company wishes to report that during the period of May 25, 2018 through June 12, 2018, the Company made market purchases aggregating 1,190,000 common shares ("Entrée Shares") in the capital of Entrée Resources Ltd. ("Entrée") at prices ranging from C$0.44 to C$0.55 per Entrée Share through the facilities of the Toronto Stock Exchange (the "Entrée Market Purchases").
Prior to completion of the Entrée Market Purchases, the Company held 23,900,380 Entrée Shares and warrants to purchase an additional 457,317 Entrée Shares ("Entrée Warrants"), representing approximately 13.7% of the current issued and outstanding Entrée Shares on a non-diluted basis. Assuming the exercise of all 457,317 Entrée Warrants held by the Company, the Company previously held an aggregate of 24,357,697 Entrée Shares, representing approximately 13.9% of the current issued and outstanding Entrée Shares (on a partially diluted basis). Sandstorm´s current holdings of 25,090,380 Entrée Shares represent approximately 14.4% of the current issued and outstanding Entrée Shares on a non-diluted basis. Assuming the exercise of the Company´s 457,317 Entrée Warrants, the Company holds 25,547,697 Entrée Shares, representing approximately 14.6% of the current issued and outstanding Entrée Shares (on a partially diluted basis).
The acquisitions by Sandstorm were effected for investment purposes. Sandstorm currently intends to acquire additional securities of Entrée, which acquisitions will be reported in accordance with applicable laws, and may from time to time dispose of some or all of the existing or additional securities it holds or will hold, or may continue to hold its current position. Sandstorm´s early warning report, as required under National Instrument 62-103, contains additional information with respect to the foregoing matters and will be filed by Sandstorm on Entrée´s SEDAR profile at www.sedar.com and may also be obtained by contacting the Company at 604-628-1164 or by email at info@sandstormgold.com.
Antwort auf Beitrag Nr.: 58.939.791 von KMST am 12.10.18 09:47:21
https://www.tradesignalonline.com/ext/edt.ashx/wo/16604975-9…
https://www.tradesignalonline.com/ext/edt.ashx/wo/3ABF2E0D-3…
SANDSTORM GOLD ROYALTIES ANNOUNCES 2018 THIRD QUARTER RESULTS
Vancouver, British Columbia — November 14, 2018 Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE American: SAND, TSX: SSL) has released its results for the third quarter ended September 30, 2018 (all figures in U.S. dollars).
— THIRD QUARTER HIGHLIGHTS
●
Revenue of $17.3 million (Q3 2017 - $17.9 million);
●
Attributable gold equivalent ounces 1 sold of 14,314 ounces (Q3 2017 – 14,293 ounces);
●
Average cash cost per attributable gold equivalent ounce 1 of $248 resulting in cash operating margins 1 of $960 per ounce (Q3 2017 - $246 per ounce and $1,009 per ounce respectively);
●
Cash flows from operating activities, excluding changes in non-cash working capital 1 , of $11.4 million (Q3 2017 – $11.1 million);
●
Net income of $2.1 million (Q3 2017 – net income of $4.8 million).
— OUTLOOK
Based on the Company’s existing royalties, attributable gold equivalent ounces sold is forecasted to be between 56,000 – 60,000 for 2018 and between 63,000 – 73,000 ounces in 2019. The Company is forecasting attributable gold equivalent production of 140,000 ounces in 2023.
— FINANCIAL RESULTS
Sandstorm’s revenue during the third quarter of 2018 was $17.3 million compared with $17.9 million for the comparable period in 2017. The decrease is largely attributable to a 4% decrease in the average realized selling price of gold.
Net income was lower when compared to the same period in 2017 partly due to certain non-recurring items that were recognized during the third quarter of 2017, including a $3.4 million gain primarily resulting from the Bachelor Lake gold stream amendment. The decrease in net income was partially offset by a $0.7 million decrease in depletion expense and a $0.3 million reduction in the administrative costs due to cost reduction strategies.
Vancouver, British Columbia — November 14, 2018 Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE American: SAND, TSX: SSL) has released its results for the third quarter ended September 30, 2018 (all figures in U.S. dollars).
— THIRD QUARTER HIGHLIGHTS
●
Revenue of $17.3 million (Q3 2017 - $17.9 million);
●
Attributable gold equivalent ounces 1 sold of 14,314 ounces (Q3 2017 – 14,293 ounces);
●
Average cash cost per attributable gold equivalent ounce 1 of $248 resulting in cash operating margins 1 of $960 per ounce (Q3 2017 - $246 per ounce and $1,009 per ounce respectively);
●
Cash flows from operating activities, excluding changes in non-cash working capital 1 , of $11.4 million (Q3 2017 – $11.1 million);
●
Net income of $2.1 million (Q3 2017 – net income of $4.8 million).
— OUTLOOK
Based on the Company’s existing royalties, attributable gold equivalent ounces sold is forecasted to be between 56,000 – 60,000 for 2018 and between 63,000 – 73,000 ounces in 2019. The Company is forecasting attributable gold equivalent production of 140,000 ounces in 2023.
— FINANCIAL RESULTS
Sandstorm’s revenue during the third quarter of 2018 was $17.3 million compared with $17.9 million for the comparable period in 2017. The decrease is largely attributable to a 4% decrease in the average realized selling price of gold.
Net income was lower when compared to the same period in 2017 partly due to certain non-recurring items that were recognized during the third quarter of 2017, including a $3.4 million gain primarily resulting from the Bachelor Lake gold stream amendment. The decrease in net income was partially offset by a $0.7 million decrease in depletion expense and a $0.3 million reduction in the administrative costs due to cost reduction strategies.
November 15, 2018
Sandstorm Gold Royalties Board Approves Share Buyback of Up to 18.3 Million Shares
Vancouver, British Columbia | Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE American: SAND, TSX: SSL) is pleased to announce that the Company’s Board of Directors has approved the purchase of up to 18.3 million of its common shares (“Common Shares”), between now and the end of 2019, subject to Toronto Stock Exchange (“TSX”) approval (the “Buyback”). The 18.3 million shares represent approximately 10% of Sandstorm’s current shares outstanding and it is the Company’s current intention to complete the entire share buyback of 18.3 million shares.
Under the Company’s current Normal Course Issuer Bid (“NCIB”), Sandstorm has the option to purchase up to 9.2 million Common Shares until April 4, 2019. As of November 14, 2018, the Company has purchased 2.5 million Common Shares, leaving 6.7 million Common Shares still available to purchase under the current NCIB. After the current NCIB expires on April 4, 2019, the Company plans to seek approval for a new NCIB from the TSX. Subject to TSX approval, the new NCIB would provide Sandstorm the ability to purchase the remaining shares under the Buyback.
For more information regarding the current NCIB, see Sandstorm’s press released dated March 29, 2018 at www.sandstormgold.com or on Sandstorm’s Sedar profile at www.sedar.com.
The actual number of Common Shares that may be purchased and the timing of such purchases will be determined by the Company. Decisions regarding purchases will be based on market conditions, share price, best use of available cash, and other factors. Any securities acquired under the NCIB will be cancelled.
Sandstorm Gold Royalties Board Approves Share Buyback of Up to 18.3 Million Shares
Vancouver, British Columbia | Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE American: SAND, TSX: SSL) is pleased to announce that the Company’s Board of Directors has approved the purchase of up to 18.3 million of its common shares (“Common Shares”), between now and the end of 2019, subject to Toronto Stock Exchange (“TSX”) approval (the “Buyback”). The 18.3 million shares represent approximately 10% of Sandstorm’s current shares outstanding and it is the Company’s current intention to complete the entire share buyback of 18.3 million shares.
Under the Company’s current Normal Course Issuer Bid (“NCIB”), Sandstorm has the option to purchase up to 9.2 million Common Shares until April 4, 2019. As of November 14, 2018, the Company has purchased 2.5 million Common Shares, leaving 6.7 million Common Shares still available to purchase under the current NCIB. After the current NCIB expires on April 4, 2019, the Company plans to seek approval for a new NCIB from the TSX. Subject to TSX approval, the new NCIB would provide Sandstorm the ability to purchase the remaining shares under the Buyback.
For more information regarding the current NCIB, see Sandstorm’s press released dated March 29, 2018 at www.sandstormgold.com or on Sandstorm’s Sedar profile at www.sedar.com.
The actual number of Common Shares that may be purchased and the timing of such purchases will be determined by the Company. Decisions regarding purchases will be based on market conditions, share price, best use of available cash, and other factors. Any securities acquired under the NCIB will be cancelled.
December 6, 2018
Sandstorm Gold Royalties Increases Credit Facility to US$225 Million
Vancouver, British Columbia | Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE American: SAND, TSX: SSL) is pleased to announce that it has amended its revolving credit agreement (the “Revolving Loan”), allowing the Company to borrow up to US$225 million for general corporate purposes, including acquisitions, share buybacks, and dividends.
The amounts drawn on the Revolving Loan are subject to interest at LIBOR plus 2.00%-3.00% per annum, and the undrawn portion of the Revolving Loan is subject to a standby fee of 0.45%-0.675% per annum, both of which are dependent on the Company's leverage ratio. The syndicate of banks include The Bank of Nova Scotia, Bank of Montreal, National Bank of Canada, Canadian Imperial Bank of Commerce, and Royal Bank of Canada. The Revolving Loan has a term of four years, maturing in December 2022.
Sandstorm’s President and CEO Nolan Watson commented, “With our commitment to use current cash on hand as well as our 2019 operating cash flow to fully complete our 10% share buyback plan, we are pleased to be able to increase the size and reduce the cost of our undrawn revolving credit facility in order to ensure that we continue to have sufficient liquidity to grow the company.”
Sandstorm Gold Royalties Increases Credit Facility to US$225 Million
Vancouver, British Columbia | Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE American: SAND, TSX: SSL) is pleased to announce that it has amended its revolving credit agreement (the “Revolving Loan”), allowing the Company to borrow up to US$225 million for general corporate purposes, including acquisitions, share buybacks, and dividends.
The amounts drawn on the Revolving Loan are subject to interest at LIBOR plus 2.00%-3.00% per annum, and the undrawn portion of the Revolving Loan is subject to a standby fee of 0.45%-0.675% per annum, both of which are dependent on the Company's leverage ratio. The syndicate of banks include The Bank of Nova Scotia, Bank of Montreal, National Bank of Canada, Canadian Imperial Bank of Commerce, and Royal Bank of Canada. The Revolving Loan has a term of four years, maturing in December 2022.
Sandstorm’s President and CEO Nolan Watson commented, “With our commitment to use current cash on hand as well as our 2019 operating cash flow to fully complete our 10% share buyback plan, we are pleased to be able to increase the size and reduce the cost of our undrawn revolving credit facility in order to ensure that we continue to have sufficient liquidity to grow the company.”
Sandstorm Gold Royalties Announces Record Gold Sales in 2018
14:20 Uhr | Accesswire
VANCOUVER, January 4, 2019 - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE American: SAND, TSX: SSL) is pleased to report that the Company has sold approximately 14,150 attributable gold equivalent ounces1 during the fourth quarter of 2018 and approximately 57,600 attributable gold equivalent ounces1 for the full 2018 year, the highest yearly total in Company history. Approximately 85% of the ounces came from operations run by major and mid-tier mining companies.
14:20 Uhr | Accesswire
VANCOUVER, January 4, 2019 - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE American: SAND, TSX: SSL) is pleased to report that the Company has sold approximately 14,150 attributable gold equivalent ounces1 during the fourth quarter of 2018 and approximately 57,600 attributable gold equivalent ounces1 for the full 2018 year, the highest yearly total in Company history. Approximately 85% of the ounces came from operations run by major and mid-tier mining companies.
neuer deal. keine dillution. noch 2019er cashflow. kosten $32,75 mio. cash flow ca. $4 mio im jahr bei $1285oz
3000oz/y, 10 mio oz über alle kategorien, fast 700qkm fläche
sieht gut aus aber ecuador
Sandstorm Gold Ltd.: Sandstorm Gold Royalties Acquires 0.9% NSR Royalty on Lundin Gold's Fruta Del Norte Mine
VANCOUVER, BC / ACCESSWIRE / January 18, 2019 / Sandstorm Gold Ltd. (SAND) (''Sandstorm Gold Royalties'', ''Sandstorm'' or the ''Company'') (NYSE American: SAND; TSX: SSL) is pleased to announce that the Company has acquired a 0.9% net smelter returns royalty (''NSR Royalty'') on precious metals produced from the Fruta del Norte gold project in Ecuador (''Fruta del Norte''), currently under construction by Lundin Gold Corporation (''Lundin Gold (FTMNF)'').
The NSR Royalty was acquired from a private third party for US$32.75 million in cash and covers more than 644 square kilometres, including all 30 mining concessions held by Lundin Gold. The Fruta del Norte Mineral Reserve contains 5.0 million ounces of gold in 17.8 million tonnes (''Mt'') of ore with an average grade of 8.7 grams per tonne (''g/t'') as of September 2018, ranking it amongst the highest-grade gold projects in the world.
Acquisition Highlights
Near-Term Cash Flow: Lundin expects to pour first gold at Fruta del Norte in the fourth quarter of 2019, with commercial production expected in the first half of 2020. Fruta del Norte's average annual production is expected to exceed 330,000 ounces of gold per year over the first 13 years of the operation at an all-in-sustaining cost of US$583 per ounce. Current reserves support a 15 year initial mine life.
Exploration Upside: The royalty covers precious metals production from all 644 square kilometres of concessions held by Lundin Gold, plus an additional one kilometre area of interest around the property. Exploration potential at Fruta del Norte remains excellent, with multiple early and advanced exploration targets already identified. Exploration is currently focused on the Suarez pull-apart basin, the structure that hosts the Fruta del Norte gold deposit.
Strong Partner: Lundin Gold is backed by Lukas Lundin, an established mining entrepreneur, and its management team has significant mine development and operating experience.
3000oz/y, 10 mio oz über alle kategorien, fast 700qkm fläche
sieht gut aus aber ecuador
Sandstorm Gold Ltd.: Sandstorm Gold Royalties Acquires 0.9% NSR Royalty on Lundin Gold's Fruta Del Norte Mine
VANCOUVER, BC / ACCESSWIRE / January 18, 2019 / Sandstorm Gold Ltd. (SAND) (''Sandstorm Gold Royalties'', ''Sandstorm'' or the ''Company'') (NYSE American: SAND; TSX: SSL) is pleased to announce that the Company has acquired a 0.9% net smelter returns royalty (''NSR Royalty'') on precious metals produced from the Fruta del Norte gold project in Ecuador (''Fruta del Norte''), currently under construction by Lundin Gold Corporation (''Lundin Gold (FTMNF)'').
The NSR Royalty was acquired from a private third party for US$32.75 million in cash and covers more than 644 square kilometres, including all 30 mining concessions held by Lundin Gold. The Fruta del Norte Mineral Reserve contains 5.0 million ounces of gold in 17.8 million tonnes (''Mt'') of ore with an average grade of 8.7 grams per tonne (''g/t'') as of September 2018, ranking it amongst the highest-grade gold projects in the world.
Acquisition Highlights
Near-Term Cash Flow: Lundin expects to pour first gold at Fruta del Norte in the fourth quarter of 2019, with commercial production expected in the first half of 2020. Fruta del Norte's average annual production is expected to exceed 330,000 ounces of gold per year over the first 13 years of the operation at an all-in-sustaining cost of US$583 per ounce. Current reserves support a 15 year initial mine life.
Exploration Upside: The royalty covers precious metals production from all 644 square kilometres of concessions held by Lundin Gold, plus an additional one kilometre area of interest around the property. Exploration potential at Fruta del Norte remains excellent, with multiple early and advanced exploration targets already identified. Exploration is currently focused on the Suarez pull-apart basin, the structure that hosts the Fruta del Norte gold deposit.
Strong Partner: Lundin Gold is backed by Lukas Lundin, an established mining entrepreneur, and its management team has significant mine development and operating experience.
VANCOUVER, BC / ACCESSWIRE / February 19, 2019 / Sandstorm Gold Ltd. (SAND) ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE American: SAND, TSX: SSL) has released its results for the fourth quarter and year ended December 31, 2018 (all figures in U.S. dollars).
Fourth Quarter Highlights
Attributable gold equivalent ounces sold1 of 14,182 ounces (Q4 2017 - 12,032 ounces);
Revenue of $17.5 million (Q4 2017 - $15.4 million);
Cash flows from operating activities, excluding changes in non-cash working capital1 of $10.9 million (Q4 2017 - $9.6 million);
Net income of $2.7 million (Q4 2017 - $0.7 million);
Credit Facility Amendment: The Company's revolving credit facility was increased to $225 million for acquisitions and general corporate purposes. The tenure of the facility is four years and is extendable by mutual consent of Sandstorm and the majority of the banking syndicate.
Full Year Highlights
Record attributable gold equivalent ounces sold1 of 57,646 ounces (FY 2017 – 54,633 ounces);
Record revenue of $73.2 million (FY 2017 - $68.3 million);
Average cash cost per attributable gold equivalent ounce of $278 resulting in cash operating margins1 of $991 per ounce (FY 2017 - $280 per ounce and $970 per ounce respectively);
Record Cash flows from operating activities, excluding changes in non-cash working capital1 of $48.1 million (FY 2017 - $44.0 million);
Net income of $5.9 million (FY 2017 - $10.5 million);
Significant Acquisitions: Immediate/near term cash flow, strong counterparties, and significant exploration upside
In January 2019, the Company acquired a 0.9% NSR on the precious metals produced from the Fruta del Norte gold project in Ecuador, which is currently under construction and owned by Lundin Gold Inc. (FTMNF) The royalty was acquired from a private third party for $32.8 million in cash and covers more than 644 square kilometres, including all 30 mining concessions held by Lundin Gold.
In January 2018, the Company acquired a 2% NSR on the producing Houndé gold mine in West Africa which is owned and operated by Endeavour Mining Corporation (EDVVF). The royalty was acquired from Acacia Mining PLC (ABGLF) for $45 million in cash and covers the Kari North and Kari South tenements, representing approximately 500 square kilometres of the Houndé property package.
Normal Course Issuer Bid: Under Sandstorm's normal course issuer bid, the Company purchased and cancelled approximately 4.8 million common shares in 2018.
Outlook
Based on the Company's existing royalties, attributable gold equivalent ounces sold for 2019 is forecast to be between 63,000 and 73,000 ounces. The Company is forecasting attributable gold equivalent production of over 140,000 ounces in 2023.
Financial results
Over the course of the 2018 year, the Company realized annual records for both revenue and attributable gold equivalent ounces sold of $73.2 million and 57,646 ounces respectively. The records represent a 7% increase in revenue and a 6% increase in attributable gold equivalent ounces sold compared to the 2017 year. A notable contributor to the record gold sales and revenue figures was the addition of the Houndé royalty with $6.7 million in additional revenue being recognized from Houndé in 2018. In addition, the Company realized an increase in annual attributable production from the Karma gold stream, the Chapada copper stream and the Santa Elena gold stream among others.
Net income was lower when comparing the 2018 year to the 2017 year due to factors such as a decrease in gains recognized on the revaluation of investments and certain items that were recognized in 2017 that did not recur in 2018 such as gains related to the Bachelor Lake gold stream amendment, the settlement of certain debt securities in Equinox Gold Corp. (EQXGF) ("Equinox Gold") and a royalty repurchase by Orezone Gold Corporation. The year over year decline in net income was offset by a decrease in non-cash impairments and a decrease in depletion expense. Changes to depletion expenses were partly driven by an adjustment to the number of ounces in the depletable base due to various factors including the conversion of exploration upside into resources and reserves.
Share buyback program
During the fourth quarter of 2018, Sandstorm announced that the Company's Board of Directors approved the purchase of up to 18.3 million of its common shares ("Common Shares") by the end of 2019, subject to Toronto Stock Exchange approval (the "Buyback"). Since the announcement of the Buyback on November 15, 2018, Sandstorm has bought back approximately 4.7 million shares.
Under the Company's current Normal Course Issuer Bid ("NCIB"), Sandstorm has the option to purchase up to 9.2 million Common Shares until April 4, 2019. As of February 19, 2019, the Company has purchased 7.2 million Common Shares, leaving 2.0 million Common Shares still available to purchase under the current NCIB. After the current NCIB expires on April 4, 2019, the Company plans to seek approval for a new NCIB from the TSX. Subject to TSX approval, the new NCIB would provide Sandstorm the ability to purchase the remaining shares under the Buyback.
For more information regarding the current NCIB, see Sandstorm's press releases dated March 29, 2018 and November 15, 2018 at www.sandstormgold.com or on Sandstorm's Sedar profile at www.sedar.com.
The actual number of Common Shares that may be purchased and the timing of such purchases will be determined by the Company. Decisions regarding purchases will be based on market conditions, share price, best use of available cash, and other factors. Any securities acquired under the NCIB will be cancelled.
Streams & Royalties
Of the gold equivalent ounces sold by Sandstorm during the fourth quarter of 2018, approximately 32% were attributable to mines located in Canada, 25% from the rest of North America and 43% from South America and other countries.
Three months ended Dec. 31, 2018
Year ended Dec. 31, 2018
Revenue
(in millions)
Gold Equivalent
Ounces
Revenue
(in millions)
Gold Equivalent
Ounces
Canada
$5.7
4,573
$25.1
19,817
North America excl. Canada
$4.3
3,496
$14.8
11,652
South America & Other
$7.5
6,113
$33.3
26,177
Total
$17.5
14,182
$73.2
57.646
Canada
Streams and royalties on Canadian mines contributed 15% fewer gold equivalent ounces to Sandstorm when compared to the fourth quarter of 2017. The change is primarily due to a decrease in gold equivalent ounces sold from the Black Fox mine in Ontario and in royalty revenue from the Bracemac-McLeod mine in Québec, offset by increases from the Diavik mine in the Northwest Territories and the Bachelor Lake mine in Québec.
North America Excluding Canada
The gold equivalent ounces sold from operations located within North America, but outside of Canada, increased by 167% compared to the fourth quarter in 2017. The changes were driven by an increase in gold equivalent ounces sold from the Santa Elena mine in Mexico and in royalty revenue from the Emigrant Springs mine in Nevada, offset by a decrease in royalty revenue from the San Andres mine in Honduras.
South America & Other
Operations in South America and other countries contributed 14% more gold equivalent ounces when compared to the fourth quarter of 2017. The change is primarily due to the addition of royalty revenue from the Houndé mine in Burkina Faso, offset by a decrease in gold equivalent ounces from the Yamana Silver stream on the Minera Florida mine in Chile and the Chapada mine in Brazil.
Aurizona Royalty
Equinox Gold announced in early 2019 that construction is nearing completion at the Aurizona mine in Brazil and that commissioning of the process plant is underway. Commercial production is expected around the end of the first quarter of 2019. Aurizona is expected to produce between 85,000 to 105,000 ounces of gold in 2019, and average 136,000 ounces of gold per year over the life of the mine.
Activities during 2019 at Aurizona will focus on a preliminary assessment of the potential for an underground mine at Aurizona, updating the resource based on near-mine drilling completed during 2017 and 2018, and continuing exploration at Tatajuba and other targets to extend the open-pit mine life.
For more information refer to www.equinoxgold.com and see the press release dated January 8, 2019.
Sandstorm has a 3% - 5% sliding scale NSR royalty on the Aurizona project. At gold prices less than or equal to US$1,500 per ounce, the royalty is a 3% NSR. In addition, Sandstorm holds a 2% NSR royalty on the Aurizona Greenfields property, a package of exploration ground adjacent to the Aurizona project.
Webcast & Conference Call Details
A conference call will be held on Wednesday, February 20, 2019 starting at 8:30am PST to further discuss the fourth quarter results. To participate in the conference call, use the following dial-in numbers and conference ID, or join the webcast using the link below:
Local/International: (+1) 201 389 0899
North American Toll-Free: (+1) 877 407 0312
Conference ID: 13687067
Webcast URL: https://bit.ly/2WXcsmU
Fourth Quarter Highlights
Attributable gold equivalent ounces sold1 of 14,182 ounces (Q4 2017 - 12,032 ounces);
Revenue of $17.5 million (Q4 2017 - $15.4 million);
Cash flows from operating activities, excluding changes in non-cash working capital1 of $10.9 million (Q4 2017 - $9.6 million);
Net income of $2.7 million (Q4 2017 - $0.7 million);
Credit Facility Amendment: The Company's revolving credit facility was increased to $225 million for acquisitions and general corporate purposes. The tenure of the facility is four years and is extendable by mutual consent of Sandstorm and the majority of the banking syndicate.
Full Year Highlights
Record attributable gold equivalent ounces sold1 of 57,646 ounces (FY 2017 – 54,633 ounces);
Record revenue of $73.2 million (FY 2017 - $68.3 million);
Average cash cost per attributable gold equivalent ounce of $278 resulting in cash operating margins1 of $991 per ounce (FY 2017 - $280 per ounce and $970 per ounce respectively);
Record Cash flows from operating activities, excluding changes in non-cash working capital1 of $48.1 million (FY 2017 - $44.0 million);
Net income of $5.9 million (FY 2017 - $10.5 million);
Significant Acquisitions: Immediate/near term cash flow, strong counterparties, and significant exploration upside
In January 2019, the Company acquired a 0.9% NSR on the precious metals produced from the Fruta del Norte gold project in Ecuador, which is currently under construction and owned by Lundin Gold Inc. (FTMNF) The royalty was acquired from a private third party for $32.8 million in cash and covers more than 644 square kilometres, including all 30 mining concessions held by Lundin Gold.
In January 2018, the Company acquired a 2% NSR on the producing Houndé gold mine in West Africa which is owned and operated by Endeavour Mining Corporation (EDVVF). The royalty was acquired from Acacia Mining PLC (ABGLF) for $45 million in cash and covers the Kari North and Kari South tenements, representing approximately 500 square kilometres of the Houndé property package.
Normal Course Issuer Bid: Under Sandstorm's normal course issuer bid, the Company purchased and cancelled approximately 4.8 million common shares in 2018.
Outlook
Based on the Company's existing royalties, attributable gold equivalent ounces sold for 2019 is forecast to be between 63,000 and 73,000 ounces. The Company is forecasting attributable gold equivalent production of over 140,000 ounces in 2023.
Financial results
Over the course of the 2018 year, the Company realized annual records for both revenue and attributable gold equivalent ounces sold of $73.2 million and 57,646 ounces respectively. The records represent a 7% increase in revenue and a 6% increase in attributable gold equivalent ounces sold compared to the 2017 year. A notable contributor to the record gold sales and revenue figures was the addition of the Houndé royalty with $6.7 million in additional revenue being recognized from Houndé in 2018. In addition, the Company realized an increase in annual attributable production from the Karma gold stream, the Chapada copper stream and the Santa Elena gold stream among others.
Net income was lower when comparing the 2018 year to the 2017 year due to factors such as a decrease in gains recognized on the revaluation of investments and certain items that were recognized in 2017 that did not recur in 2018 such as gains related to the Bachelor Lake gold stream amendment, the settlement of certain debt securities in Equinox Gold Corp. (EQXGF) ("Equinox Gold") and a royalty repurchase by Orezone Gold Corporation. The year over year decline in net income was offset by a decrease in non-cash impairments and a decrease in depletion expense. Changes to depletion expenses were partly driven by an adjustment to the number of ounces in the depletable base due to various factors including the conversion of exploration upside into resources and reserves.
Share buyback program
During the fourth quarter of 2018, Sandstorm announced that the Company's Board of Directors approved the purchase of up to 18.3 million of its common shares ("Common Shares") by the end of 2019, subject to Toronto Stock Exchange approval (the "Buyback"). Since the announcement of the Buyback on November 15, 2018, Sandstorm has bought back approximately 4.7 million shares.
Under the Company's current Normal Course Issuer Bid ("NCIB"), Sandstorm has the option to purchase up to 9.2 million Common Shares until April 4, 2019. As of February 19, 2019, the Company has purchased 7.2 million Common Shares, leaving 2.0 million Common Shares still available to purchase under the current NCIB. After the current NCIB expires on April 4, 2019, the Company plans to seek approval for a new NCIB from the TSX. Subject to TSX approval, the new NCIB would provide Sandstorm the ability to purchase the remaining shares under the Buyback.
For more information regarding the current NCIB, see Sandstorm's press releases dated March 29, 2018 and November 15, 2018 at www.sandstormgold.com or on Sandstorm's Sedar profile at www.sedar.com.
The actual number of Common Shares that may be purchased and the timing of such purchases will be determined by the Company. Decisions regarding purchases will be based on market conditions, share price, best use of available cash, and other factors. Any securities acquired under the NCIB will be cancelled.
Streams & Royalties
Of the gold equivalent ounces sold by Sandstorm during the fourth quarter of 2018, approximately 32% were attributable to mines located in Canada, 25% from the rest of North America and 43% from South America and other countries.
Three months ended Dec. 31, 2018
Year ended Dec. 31, 2018
Revenue
(in millions)
Gold Equivalent
Ounces
Revenue
(in millions)
Gold Equivalent
Ounces
Canada
$5.7
4,573
$25.1
19,817
North America excl. Canada
$4.3
3,496
$14.8
11,652
South America & Other
$7.5
6,113
$33.3
26,177
Total
$17.5
14,182
$73.2
57.646
Canada
Streams and royalties on Canadian mines contributed 15% fewer gold equivalent ounces to Sandstorm when compared to the fourth quarter of 2017. The change is primarily due to a decrease in gold equivalent ounces sold from the Black Fox mine in Ontario and in royalty revenue from the Bracemac-McLeod mine in Québec, offset by increases from the Diavik mine in the Northwest Territories and the Bachelor Lake mine in Québec.
North America Excluding Canada
The gold equivalent ounces sold from operations located within North America, but outside of Canada, increased by 167% compared to the fourth quarter in 2017. The changes were driven by an increase in gold equivalent ounces sold from the Santa Elena mine in Mexico and in royalty revenue from the Emigrant Springs mine in Nevada, offset by a decrease in royalty revenue from the San Andres mine in Honduras.
South America & Other
Operations in South America and other countries contributed 14% more gold equivalent ounces when compared to the fourth quarter of 2017. The change is primarily due to the addition of royalty revenue from the Houndé mine in Burkina Faso, offset by a decrease in gold equivalent ounces from the Yamana Silver stream on the Minera Florida mine in Chile and the Chapada mine in Brazil.
Aurizona Royalty
Equinox Gold announced in early 2019 that construction is nearing completion at the Aurizona mine in Brazil and that commissioning of the process plant is underway. Commercial production is expected around the end of the first quarter of 2019. Aurizona is expected to produce between 85,000 to 105,000 ounces of gold in 2019, and average 136,000 ounces of gold per year over the life of the mine.
Activities during 2019 at Aurizona will focus on a preliminary assessment of the potential for an underground mine at Aurizona, updating the resource based on near-mine drilling completed during 2017 and 2018, and continuing exploration at Tatajuba and other targets to extend the open-pit mine life.
For more information refer to www.equinoxgold.com and see the press release dated January 8, 2019.
Sandstorm has a 3% - 5% sliding scale NSR royalty on the Aurizona project. At gold prices less than or equal to US$1,500 per ounce, the royalty is a 3% NSR. In addition, Sandstorm holds a 2% NSR royalty on the Aurizona Greenfields property, a package of exploration ground adjacent to the Aurizona project.
Webcast & Conference Call Details
A conference call will be held on Wednesday, February 20, 2019 starting at 8:30am PST to further discuss the fourth quarter results. To participate in the conference call, use the following dial-in numbers and conference ID, or join the webcast using the link below:
Local/International: (+1) 201 389 0899
North American Toll-Free: (+1) 877 407 0312
Conference ID: 13687067
Webcast URL: https://bit.ly/2WXcsmU
Yamana, Glencore und Goldcorp starten zusammen die Erschließung von Agua Rica!!!
Sandstorm hat ein NSR in place und die option auf einen 40% gold stream.
Das wären weitere 40000oz/y on top!
Wenn das so kommt dann ist ab 2022 hier richtig Ballet.
Hot Maden, Oju Tolgoi und Agua Rica würden dann nach und nach an den Start gehen. Die 3 größten Projekte, das schauen sich meiner Meinung nach die drei großen, Franco, Royal und Wheaton nicht bis zum Ende an. Wenn die Deals dann stehen und die Projekte durchfinanziert sind kommt meiner Meinung nach ein Bid.
Sandstorm hat ein NSR in place und die option auf einen 40% gold stream.
Das wären weitere 40000oz/y on top!
Wenn das so kommt dann ist ab 2022 hier richtig Ballet.
Hot Maden, Oju Tolgoi und Agua Rica würden dann nach und nach an den Start gehen. Die 3 größten Projekte, das schauen sich meiner Meinung nach die drei großen, Franco, Royal und Wheaton nicht bis zum Ende an. Wenn die Deals dann stehen und die Projekte durchfinanziert sind kommt meiner Meinung nach ein Bid.
Wenn das so kommt dann ist ab 2022 hier richtig Ballet.
__________________________________________
Yup, da dürfte, m.E. auch, Einiges zu erwarten sein.
__________________________________________
Yup, da dürfte, m.E. auch, Einiges zu erwarten sein.
Sandstorm Gold Royalties Announces 2019 First Quarter Sales Numbers and Renews Normal Course Issuer Bid
VANCOUVER, April 2, 2019 - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE American: SAND, TSX: SSL) is pleased to report that the Company has sold approximately 14,100 attributable gold equivalent ounces1 during the first quarter of 2019. With the addition of production from Cerro Moro and Aurizona in the second quarter of 2019, attributable gold equivalent ounces are expected to be higher in the remaining three quarters of 2019.
NORMAL COURSE ISSUER BID
The Company's NCIB is being renewed after the existing NCIB expires on April 4, 2019. The NCIB provides Sandstorm with the option to purchase the Company's common shares ("Common Shares") from time to time when Sandstorm's management believes that the Common Shares are undervalued by the market. Under the renewed NCIB, Sandstorm may purchase up to 13.0 million of its Common Shares, representing approximately 7.2% of the Company's issued and outstanding Common Shares of 179,629,255 as of March 15, 2019. The Toronto Stock Exchange ("TSX") has accepted the Company's notice that it intends to proceed with a NCIB in accordance with TSX rules. Purchases under the renewed NCIB may commence on April 5, 2019 and will terminate on the earlier of April 4, 2020, the date that Sandstorm completes its purchases pursuant to the NCIB as filed with the TSX, or the date of notice by Sandstorm of termination of the NCIB.
During the fourth quarter of 2018, Sandstorm announced that the Company's Board of Directors approved the purchase of up to 18.3 million of its Common Shares (the "Buyback"). Since the announcement of the Buyback on November 15, 2018, Sandstorm has bought back approximately 5.5 million Common Shares. The renewed NCIB gives Sandstorm the capacity to purchase the remaining Common Shares from the previously announced Buyback.
All purchases under the NCIB will be executed on the open market through the facilities of the TSX or alternative Canadian trading platforms and through the facilities of the NYSE American or alternative trading platforms in the United States of America. Purchases will be made at the market price of the Common Shares at the time of acquisition and may be funded by Sandstorm's working capital. Any Common Shares acquired by the Company under the NCIB will be cancelled. Sandstorm's average daily trading volume on the TSX during the last six calendar months was 456,688 Common Shares. Under the rules of the TSX, daily purchases on the TSX will not exceed 114,172 Common Shares, subject to the Company's ability to make block purchases. The maximum number of Common Shares which can be purchased per day on the NYSE American will be 25% of the average daily trading volume for the four calendar weeks preceding the date of purchase, subject to certain exceptions for block purchases.
In the last twelve months, the Company has purchased 7,991,505 Common Shares pursuant to its NCIB at a weighted average price of C$6.05 per common share on the TSX and alternates and approximately US$4.52 per common share on the NYSE American and alternates.
VANCOUVER, April 2, 2019 - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE American: SAND, TSX: SSL) is pleased to report that the Company has sold approximately 14,100 attributable gold equivalent ounces1 during the first quarter of 2019. With the addition of production from Cerro Moro and Aurizona in the second quarter of 2019, attributable gold equivalent ounces are expected to be higher in the remaining three quarters of 2019.
NORMAL COURSE ISSUER BID
The Company's NCIB is being renewed after the existing NCIB expires on April 4, 2019. The NCIB provides Sandstorm with the option to purchase the Company's common shares ("Common Shares") from time to time when Sandstorm's management believes that the Common Shares are undervalued by the market. Under the renewed NCIB, Sandstorm may purchase up to 13.0 million of its Common Shares, representing approximately 7.2% of the Company's issued and outstanding Common Shares of 179,629,255 as of March 15, 2019. The Toronto Stock Exchange ("TSX") has accepted the Company's notice that it intends to proceed with a NCIB in accordance with TSX rules. Purchases under the renewed NCIB may commence on April 5, 2019 and will terminate on the earlier of April 4, 2020, the date that Sandstorm completes its purchases pursuant to the NCIB as filed with the TSX, or the date of notice by Sandstorm of termination of the NCIB.
During the fourth quarter of 2018, Sandstorm announced that the Company's Board of Directors approved the purchase of up to 18.3 million of its Common Shares (the "Buyback"). Since the announcement of the Buyback on November 15, 2018, Sandstorm has bought back approximately 5.5 million Common Shares. The renewed NCIB gives Sandstorm the capacity to purchase the remaining Common Shares from the previously announced Buyback.
All purchases under the NCIB will be executed on the open market through the facilities of the TSX or alternative Canadian trading platforms and through the facilities of the NYSE American or alternative trading platforms in the United States of America. Purchases will be made at the market price of the Common Shares at the time of acquisition and may be funded by Sandstorm's working capital. Any Common Shares acquired by the Company under the NCIB will be cancelled. Sandstorm's average daily trading volume on the TSX during the last six calendar months was 456,688 Common Shares. Under the rules of the TSX, daily purchases on the TSX will not exceed 114,172 Common Shares, subject to the Company's ability to make block purchases. The maximum number of Common Shares which can be purchased per day on the NYSE American will be 25% of the average daily trading volume for the four calendar weeks preceding the date of purchase, subject to certain exceptions for block purchases.
In the last twelve months, the Company has purchased 7,991,505 Common Shares pursuant to its NCIB at a weighted average price of C$6.05 per common share on the TSX and alternates and approximately US$4.52 per common share on the NYSE American and alternates.
neuer deal und weitere zukäufe beim übernahmekandidaten entree gold
SANDSTORM GOLD ROYALTIES ANNOUNCES GOLD STREAM ACQUISITION ON RELIEF CANYON AS PART OF US$42.5 MILLION FINANCING PACKAGE WITH AMERICAS SILVER
Vancouver, British Columbia | Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE American: SAND, TSX: SSL) is pleased to announce that the Company has entered into a US$42.5 million financing package with Americas Silver Corporation (“Americas Silver”) that includes a US$25 million gold stream and royalty on the Relief Canyon Project in Nevada, USA (“Relief Canyon” or the “Project”), as well as a US$10 million convertible debenture, and an US$7.5 million equity subscription.
AQUISITION HIGHLIGHTS
Near-Term Cash Flow: Americas Silver expects Relief Canyon to pour gold by the end of 2019 with average annual production of 91,000 ounces of gold at an all-in-sustaining cost of US$801 per ounce.
Precious Metal Stream with Fixed Deliveries: Sandstorm will receive 32,022 ounces of gold over 5.5 years, followed by a 4.0% precious metals stream thereafter. This is expected to increase the Company’s attributable gold equivalent ounces1 by 7% in 2020 and 9% in 2021.
Exploration Upside: Relief Canyon has a large prospective land package that is relatively underexplored. Sandstorm’s royalty covers the full property area surrounding the mine site.
Safe Jurisdiction: Relief Canyon is located in Nevada, USA one of the world’s best mining jurisdictions. Americas Silver has mining and processing permits in place to start operations at the Relief Canyon mine.
STREAM AND ROYALTY TERMS
Figure 1: Relief Canyon Claim Map
In exchange for US$25 million, Sandstorm will receive 32,022 ounces of gold over 5.5 years followed by 4.0% of the gold and silver production from the Relief Canyon Mine. Sandstorm will also have a 1.4% - 2.8% net smelter returns royalty on the area surrounding the Relief Canyon mine, plus a four kilometre area of interest (the “NSR Royalty”).
The 32,022 ounces of fixed gold deliveries will begin on April 3, 2020 and be delivered over a period of 5.5 years (the “Delivery Period”). If the first gold pour at Relief Canyon has not occurred by April 3, 2020, the Delivery Period will begin on the earlier of i) the first gold pour at Relief Canyon, and ii) October 3, 2020. During the first 60 months of the Delivery Period, Sandstorm will receive 492 ounces of gold per month, decreasing to 417 ounces of gold during the last 6 months of the Delivery Period.
Beginning 60 months after the commencement of the Delivery Period, Sandstorm will receive 4.0% of the gold and silver produced at the Relief Canyon Mine for the life of the mine (the “4.0% Stream”) and will pay Americas Silver 30% - 65% of the spot price of gold and silver for each ounce of gold and silver delivered (the “Ongoing Payment”). The Ongoing Payment percentage varies by concession and is calculated based on the pre-existing royalty burden.
Americas Silver may elect to reduce the 4.0% Stream and NSR Royalty on the Relief Canyon property by delivering 4,000 ounces of gold to Sandstorm (the “Purchase Option”). The Purchase Option may be exercised by Americas Silver at any time. The number of gold ounces required to exercise the option increases by 10% per year, compounded annually. Upon exercising the Purchase Option, the 4.0% Stream will decrease to 2.0% and the NSR Royalty will decrease to 1.0%.
The drawdown of the US$25 million will occur alongside the Relief Canyon construction schedule.
CONVERTIBLE DEBENTURE AND EQUITY TERMS
The US$10 million convertible debenture bears an interest rate of 6% per annum and has a term of four years (the "Debenture"). Sandstorm has the right to convert principal and interest owing under the Debenture into common shares of Americas Silver, at any time prior to the maturity date, at a conversion price US$2.14 per Americas Silver share.
Sandstorm has agreed to subscribe for 4,784,689 shares of Americas Silver at C$2.09/share (the “Equity Financing”).
ABOUT RELIEF CANYON
Overview
The Relief Canyon project is a past producing open pit mine located in Nevada, USA at the southern end of the Pershing Gold and Silver Trend, which hosts other projects such as Coeur Mining Inc.’s Rochester mine. Proven and Probable Reserves as of May 2018 totaled 27.5 Mt of 0.72 g/t gold material for 635,000 contained gold ounces (based on 0.17 g/t COG, Technical Report dated May 24, 2018 by Tietz,P., et al., MDA).
A Feasibility Study that was released in May 2018 outlined average annual production of 91,000 ounces of gold over a 5.6 year mine life at an average all-in-sustaining-cost of US$801 per ounce of gold. There is significant exploration potential at Relief Canyon, as only approximately 20% of the 11,700 hectare land package has been explored to date.
Americas Silver has received permits to start construction and resume mining and Relief Canyon is expected to pour gold by the end of 2019. Infrastructure on site includes access to power and water as well as a 21,500 ton per day heap-leach processing facility that is fully permitted and constructed.
SANDSTORM FILES EARLY WARNING REPORT
Pursuant to National Instrument 62-103 - The Early Warning System and Related Take Over Bid and Insider Reporting Issues, Sandstorm is announcing the acquisition of an aggregate of 3,553,500 common shares (the “Entrée Acquired Shares”) of Entrée Resources Ltd. (“Entrée”), representing approximately 2% of the outstanding common shares of Entrée (the “Entrée Shares”).
Prior to the acquisition of the Entrée Acquired Shares, Sandstorm held 25,090,380 Entrée Shares and warrants to purchase an additional 457,317 Entrée Shares (“Entrée Warrants”), representing approximately 14.4% of the outstanding Entrée Shares on a non-diluted basis. Assuming the exercise of all 457,317 Entrée Warrants held by the Company, the Company would have previously held an aggregate of 25,547,697 Entrée Shares, representing approximately 14.6% of the outstanding Entrée Shares (on a partially diluted basis). Upon completion of the acquisition of the Entrée Acquired Shares, an aggregate 28,643,880 Entrée Shares are now owned directly by Sandstorm, representing approximately 16.4% of the outstanding Entrée Shares. Assuming the exercise of the Company´s 457,317 Entrée Warrants, the Company would then hold 29,101,197 Entrée Shares, representing approximately 16.6% of the outstanding Entrée Shares (on a partially diluted basis).
The Entrée Acquired Shares were acquired by Sandstorm on the open market over the facilities of the Toronto Stock Exchange and other published markets for the Entrée Shares at prices ranging from C$0.49 to C$0.55 per Entrée Acquired Share. The acquisition of the Entrée Acquired Shares by Sandstorm was effected for investment purposes. Sandstorm may from time to time acquire additional securities of Entrée, dispose of some or all of the existing or additional securities it holds or will hold, or may continue to hold its current position.
The early warning report, as required under National Instrument 62-103, contains additional information with respect to the foregoing matters and will be filed by the Company on Entrée’s SEDAR profile at www.sedar.com.
SANDSTORM GOLD ROYALTIES ANNOUNCES GOLD STREAM ACQUISITION ON RELIEF CANYON AS PART OF US$42.5 MILLION FINANCING PACKAGE WITH AMERICAS SILVER
Vancouver, British Columbia | Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE American: SAND, TSX: SSL) is pleased to announce that the Company has entered into a US$42.5 million financing package with Americas Silver Corporation (“Americas Silver”) that includes a US$25 million gold stream and royalty on the Relief Canyon Project in Nevada, USA (“Relief Canyon” or the “Project”), as well as a US$10 million convertible debenture, and an US$7.5 million equity subscription.
AQUISITION HIGHLIGHTS
Near-Term Cash Flow: Americas Silver expects Relief Canyon to pour gold by the end of 2019 with average annual production of 91,000 ounces of gold at an all-in-sustaining cost of US$801 per ounce.
Precious Metal Stream with Fixed Deliveries: Sandstorm will receive 32,022 ounces of gold over 5.5 years, followed by a 4.0% precious metals stream thereafter. This is expected to increase the Company’s attributable gold equivalent ounces1 by 7% in 2020 and 9% in 2021.
Exploration Upside: Relief Canyon has a large prospective land package that is relatively underexplored. Sandstorm’s royalty covers the full property area surrounding the mine site.
Safe Jurisdiction: Relief Canyon is located in Nevada, USA one of the world’s best mining jurisdictions. Americas Silver has mining and processing permits in place to start operations at the Relief Canyon mine.
STREAM AND ROYALTY TERMS
Figure 1: Relief Canyon Claim Map
In exchange for US$25 million, Sandstorm will receive 32,022 ounces of gold over 5.5 years followed by 4.0% of the gold and silver production from the Relief Canyon Mine. Sandstorm will also have a 1.4% - 2.8% net smelter returns royalty on the area surrounding the Relief Canyon mine, plus a four kilometre area of interest (the “NSR Royalty”).
The 32,022 ounces of fixed gold deliveries will begin on April 3, 2020 and be delivered over a period of 5.5 years (the “Delivery Period”). If the first gold pour at Relief Canyon has not occurred by April 3, 2020, the Delivery Period will begin on the earlier of i) the first gold pour at Relief Canyon, and ii) October 3, 2020. During the first 60 months of the Delivery Period, Sandstorm will receive 492 ounces of gold per month, decreasing to 417 ounces of gold during the last 6 months of the Delivery Period.
Beginning 60 months after the commencement of the Delivery Period, Sandstorm will receive 4.0% of the gold and silver produced at the Relief Canyon Mine for the life of the mine (the “4.0% Stream”) and will pay Americas Silver 30% - 65% of the spot price of gold and silver for each ounce of gold and silver delivered (the “Ongoing Payment”). The Ongoing Payment percentage varies by concession and is calculated based on the pre-existing royalty burden.
Americas Silver may elect to reduce the 4.0% Stream and NSR Royalty on the Relief Canyon property by delivering 4,000 ounces of gold to Sandstorm (the “Purchase Option”). The Purchase Option may be exercised by Americas Silver at any time. The number of gold ounces required to exercise the option increases by 10% per year, compounded annually. Upon exercising the Purchase Option, the 4.0% Stream will decrease to 2.0% and the NSR Royalty will decrease to 1.0%.
The drawdown of the US$25 million will occur alongside the Relief Canyon construction schedule.
CONVERTIBLE DEBENTURE AND EQUITY TERMS
The US$10 million convertible debenture bears an interest rate of 6% per annum and has a term of four years (the "Debenture"). Sandstorm has the right to convert principal and interest owing under the Debenture into common shares of Americas Silver, at any time prior to the maturity date, at a conversion price US$2.14 per Americas Silver share.
Sandstorm has agreed to subscribe for 4,784,689 shares of Americas Silver at C$2.09/share (the “Equity Financing”).
ABOUT RELIEF CANYON
Overview
The Relief Canyon project is a past producing open pit mine located in Nevada, USA at the southern end of the Pershing Gold and Silver Trend, which hosts other projects such as Coeur Mining Inc.’s Rochester mine. Proven and Probable Reserves as of May 2018 totaled 27.5 Mt of 0.72 g/t gold material for 635,000 contained gold ounces (based on 0.17 g/t COG, Technical Report dated May 24, 2018 by Tietz,P., et al., MDA).
A Feasibility Study that was released in May 2018 outlined average annual production of 91,000 ounces of gold over a 5.6 year mine life at an average all-in-sustaining-cost of US$801 per ounce of gold. There is significant exploration potential at Relief Canyon, as only approximately 20% of the 11,700 hectare land package has been explored to date.
Americas Silver has received permits to start construction and resume mining and Relief Canyon is expected to pour gold by the end of 2019. Infrastructure on site includes access to power and water as well as a 21,500 ton per day heap-leach processing facility that is fully permitted and constructed.
SANDSTORM FILES EARLY WARNING REPORT
Pursuant to National Instrument 62-103 - The Early Warning System and Related Take Over Bid and Insider Reporting Issues, Sandstorm is announcing the acquisition of an aggregate of 3,553,500 common shares (the “Entrée Acquired Shares”) of Entrée Resources Ltd. (“Entrée”), representing approximately 2% of the outstanding common shares of Entrée (the “Entrée Shares”).
Prior to the acquisition of the Entrée Acquired Shares, Sandstorm held 25,090,380 Entrée Shares and warrants to purchase an additional 457,317 Entrée Shares (“Entrée Warrants”), representing approximately 14.4% of the outstanding Entrée Shares on a non-diluted basis. Assuming the exercise of all 457,317 Entrée Warrants held by the Company, the Company would have previously held an aggregate of 25,547,697 Entrée Shares, representing approximately 14.6% of the outstanding Entrée Shares (on a partially diluted basis). Upon completion of the acquisition of the Entrée Acquired Shares, an aggregate 28,643,880 Entrée Shares are now owned directly by Sandstorm, representing approximately 16.4% of the outstanding Entrée Shares. Assuming the exercise of the Company´s 457,317 Entrée Warrants, the Company would then hold 29,101,197 Entrée Shares, representing approximately 16.6% of the outstanding Entrée Shares (on a partially diluted basis).
The Entrée Acquired Shares were acquired by Sandstorm on the open market over the facilities of the Toronto Stock Exchange and other published markets for the Entrée Shares at prices ranging from C$0.49 to C$0.55 per Entrée Acquired Share. The acquisition of the Entrée Acquired Shares by Sandstorm was effected for investment purposes. Sandstorm may from time to time acquire additional securities of Entrée, dispose of some or all of the existing or additional securities it holds or will hold, or may continue to hold its current position.
The early warning report, as required under National Instrument 62-103, contains additional information with respect to the foregoing matters and will be filed by the Company on Entrée’s SEDAR profile at www.sedar.com.
Antwort auf Beitrag Nr.: 60.290.292 von Popeye82 am 05.04.19 17:41:41Gibt auch auf SA eine gute Analyse zu dem Deal:
https://seekingalpha.com/article/4252894-sandstorm-gold-upda…
Royalties sind mMn eine der besseren Businesses im Gold/Mining-Sektor auf lange Sicht -> attraktive Zinsmaschinen mit eingebauten Hedge (Gold) falls der breite Markt mal fällt, kann man ganz gut bei Franco sehen die Outperformance in der Krise 2008/2009. SSL hat meiner Meinung aber ein deutich besseres Wachstumspotential.
https://seekingalpha.com/article/4252894-sandstorm-gold-upda…
Royalties sind mMn eine der besseren Businesses im Gold/Mining-Sektor auf lange Sicht -> attraktive Zinsmaschinen mit eingebauten Hedge (Gold) falls der breite Markt mal fällt, kann man ganz gut bei Franco sehen die Outperformance in der Krise 2008/2009. SSL hat meiner Meinung aber ein deutich besseres Wachstumspotential.
Antwort auf Beitrag Nr.: 60.290.430 von KleinerInvestor am 05.04.19 17:57:40Royalties sind mMn eine der besseren Businesses im Gold/Mining-Sektor auf lange Sicht ->
______________________________________________________________________
An sich schon, m.M.n..
ABER
So ein Royalty, oder auch Streaming, "Business" muss man, auch, erstmal zum "LAUFEN" kriegen.
Und Das ist würde ich sagen gar nicht "soso" einfach.
Dafür bedarf Es m.E., Ein paar Bestimmte Faktoren, Die zusammenkommen.
Und; oder auch ein bisschen Das supportend;
Die Allerallermeisten; Was ja nicht So Viele sind; Erfolgreichen Firmen in Diesem Geschäft haben, Was ich gesehen habe,
meistens, am Anfang auch mal "Ordentlich Glück gehabt, mit Einer Royalty(oder Ähnlichem Equivalent).
Also, in So Eine Royalty investiert, oder auch 2 oder 3,
Die sich rückwirkend im Prinzip als Eine Art "Goldene Gans" rausgestellt hat.
Und an, vor Allem, Der, oder Denen, Die sich dann "hochgearbeitet" haben.
______________________________________________________________________
An sich schon, m.M.n..
ABER
So ein Royalty, oder auch Streaming, "Business" muss man, auch, erstmal zum "LAUFEN" kriegen.
Und Das ist würde ich sagen gar nicht "soso" einfach.
Dafür bedarf Es m.E., Ein paar Bestimmte Faktoren, Die zusammenkommen.
Und; oder auch ein bisschen Das supportend;
Die Allerallermeisten; Was ja nicht So Viele sind; Erfolgreichen Firmen in Diesem Geschäft haben, Was ich gesehen habe,
meistens, am Anfang auch mal "Ordentlich Glück gehabt, mit Einer Royalty(oder Ähnlichem Equivalent).
Also, in So Eine Royalty investiert, oder auch 2 oder 3,
Die sich rückwirkend im Prinzip als Eine Art "Goldene Gans" rausgestellt hat.
Und an, vor Allem, Der, oder Denen, Die sich dann "hochgearbeitet" haben.
Antwort auf Beitrag Nr.: 60.290.562 von Popeye82 am 05.04.19 18:14:51Jupp das stimmt, hab auch ein paar kleinere "Royals" auf der Watchliste (EMX, ELY, TNR), die aber im aktuellen Status sehr unattraktiv sind. Selbst SSL hätte ich vor ein paar Jahren nicht angefasst, da es ständig Verwässerungen bei den Deals gab. Mittlerweile hat SSL aber eine gute "Kampfgröße". OR ist der "andere" den ich auch nicht unattraktiv finde. Die hatten mit Malartic natürlich für den Start ganz ganz andere Voraussetzungen als die (noch) kleinen.
Auch sehe ich bei den Royalties ein gewisses Größenproblem: ab einer bestimmten Größe können sie im Goldesktor relativ gesehen nicht mehr groß wachsen (siehe FNV), weil dieser einfach viel zu "klein" ist. Was nützt einer FNV mit fast 19 Mrd Marketcap (CAD) ein 100 Mio Deal - das bewegt die Nadel nciht mehr groß. Sie schwenken ja nun auch zum Öl, damit sie die Nadel überhaupt noch bewegen können.
Ein Royalty welches ich auch sehr interessant finde ist "DIV" hat aber nix mit Mining zu tun, wäre also hier Off-Topic
Auch sehe ich bei den Royalties ein gewisses Größenproblem: ab einer bestimmten Größe können sie im Goldesktor relativ gesehen nicht mehr groß wachsen (siehe FNV), weil dieser einfach viel zu "klein" ist. Was nützt einer FNV mit fast 19 Mrd Marketcap (CAD) ein 100 Mio Deal - das bewegt die Nadel nciht mehr groß. Sie schwenken ja nun auch zum Öl, damit sie die Nadel überhaupt noch bewegen können.
Ein Royalty welches ich auch sehr interessant finde ist "DIV" hat aber nix mit Mining zu tun, wäre also hier Off-Topic
Antwort auf Beitrag Nr.: 60.290.655 von KleinerInvestor am 05.04.19 18:26:18Kleiner Investor,
Ich weiss nicht ob DU Es schon gemacht hast,
oder ich Dir Das schon(mal) nahegelegt habe.
Wenn nicht, Empfehlung:
Schau auch mal bei "Reiners" Graphex rein.
http://www.wallstreet-online.de/diskussion/1288876-1051-1060…
Der Typ mag Konstruktive Befassung glaub ganz gern.
Nimm Dir Dafür RUHIG mal Zeit,
m.E. SEHR, SEHR lohnenswert.
Ich halte an Dem Verein ~1-2 Kleinwagen.
"Off Topic" OUT.
Ich weiss nicht ob DU Es schon gemacht hast,
oder ich Dir Das schon(mal) nahegelegt habe.
Wenn nicht, Empfehlung:
Schau auch mal bei "Reiners" Graphex rein.
http://www.wallstreet-online.de/diskussion/1288876-1051-1060…
Der Typ mag Konstruktive Befassung glaub ganz gern.
Nimm Dir Dafür RUHIG mal Zeit,
m.E. SEHR, SEHR lohnenswert.
Ich halte an Dem Verein ~1-2 Kleinwagen.
"Off Topic" OUT.
Antwort auf Beitrag Nr.: 60.290.655 von KleinerInvestor am 05.04.19 18:26:18Auch sehe ich bei den Royalties ein gewisses Größenproblem: ab einer bestimmten Größe können sie im Goldesktor relativ gesehen nicht mehr groß wachsen (siehe FNV), weil dieser einfach viel zu "klein" ist. Was nützt einer FNV mit fast 19 Mrd Marketcap (CAD) ein 100 Mio Deal - das bewegt die Nadel nciht mehr groß. Sie schwenken ja nun auch zum Öl, damit sie die Nadel überhaupt noch bewegen können.
_________________________________________________________________________
2 Anmerkungen Dazu nur noch kurz.
Najaaaaa,
Eine Franco Nevada betreibt m.W.'s schon Eine ganze, ganze Weile auch Einiges Andere als "Gold".
Ein Royalty welches ich auch sehr interessant finde ist "DIV" hat aber nix mit Mining zu tun, wäre also hier Off-Topic
_______________________________________________________________________
Und, Ja, ist ganz "lustig" auf Was man Das "auch" Alles übertragen kann.
"Cannabis" gibts zu Beispiel auch,
und hatte Zuletzt auch mal Was "Exotisches" gehört, Was aber gerade nicht mehr einfällt.
Vom Prinzip ist Das würde ich sagen ja nicht an Eine Bestimmte Ware gebunden,
aber ein paar Voraussetzungen braucht Es natürlich.
_________________________________________________________________________
2 Anmerkungen Dazu nur noch kurz.
Najaaaaa,
Eine Franco Nevada betreibt m.W.'s schon Eine ganze, ganze Weile auch Einiges Andere als "Gold".
Ein Royalty welches ich auch sehr interessant finde ist "DIV" hat aber nix mit Mining zu tun, wäre also hier Off-Topic
_______________________________________________________________________
Und, Ja, ist ganz "lustig" auf Was man Das "auch" Alles übertragen kann.
"Cannabis" gibts zu Beispiel auch,
und hatte Zuletzt auch mal Was "Exotisches" gehört, Was aber gerade nicht mehr einfällt.
Vom Prinzip ist Das würde ich sagen ja nicht an Eine Bestimmte Ware gebunden,
aber ein paar Voraussetzungen braucht Es natürlich.
Hi Ihr, vom Royalty Modell bin ich auch sehr angetan. Bei Sandstorm gefällt mir der Hebel durch gute Projekte in der 2.+3.Reihe. Wenn Ihr es exotischer haben wollt: Anglo Pacific (sehr rohstoffdiversifiziert, z.B.Royalty an Largo-Vanadium) oder Altius (Royalty an Windprojekten, neu, ansonsten Rohstoffe)
bei SeekingAlpha gerade gefunden, ist ironisch gemeint ("ignore"), aber faktisch richtig: Aktienrückkauf bei P kleiner NPV macht Sinn, wird aber durch den "In The Money"-Faktor der Warrants (sind nicht so wenige) wieder ausgeglichen
Also, remember P/NAV is the most important thing. But there is one other irrelevant item that I beg you to ignore. Please ignore the fact that when SAND buys it elevates P and when P is elevated warrants more likely to exercise and SAND thereby increases odds of NAV declining due to warrant exercise. So, SAND purchase while warrants are in play increases odds of both P increasing and NAV decreasing. But please ignore, it is a nothing.
I assure you all of this is irrelevant and should not be considered.
I assure you all of this is irrelevant and should not be considered.
Antwort auf Beitrag Nr.: 60.649.631 von muenchenguru am 24.05.19 11:46:31
https://www.tradesignalonline.com/ext/edt.ashx/wo/3DD2BFE9-E…
https://www.tradesignalonline.com/ext/edt.ashx/wo/747B6CD1-2…
Sandstorm Gold Royalties Provides Asset and Corporate Update
25.06.2019 | Accesswire
VANCOUVER, June 25, 2019 - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties Corp.", "Sandstorm" or the "Company") (NYSE American: SAND, TSX: SSL) is pleased to provide an update related to share repurchases under the Company's Normal Course Issuer Bid ("NCIB"), monetization of non-core equity investments, and recent developments from the Company's royalty portfolio.
Share Buyback Program
During the fourth quarter of 2018, Sandstorm announced a share buyback program to purchase up to 18.3 million of the Company's common shares. Since the announcement, Sandstorm has purchased approximately 7.9 million shares of the Company.
For more information regarding Sandstorm's NCIB, see Sandstorm's press releases dated November 15, 2018 and April 2, 2019 at www.sandstormgold.com or on Sandstorm's Sedar profile at www.sedar.com.
The actual number of common shares that may be purchased and the timing of such purchases will be determined by the Company. Decisions regarding purchases will be based on market conditions, share price, best use of available cash, and other factors. Any securities acquired under the NCIB will be cancelled.
Sandstorm Monetizes Non-Core Equity INvestments
Sandstorm recently sold approximately US$17 million of its equity investments, representing a continuation of the Company's strategy to monetize non-core assets. Proceeds from the sale were largely used to pay down debt drawn on the Company's revolving credit facility.
Hod Maden Progress Update
Lidya Madencilik Sanayi ve Ticaret A.S. ("Lidya"), the majority owner and operator of the Hod Maden project in Turkey, has been steadily advancing the project during 2019. A gap analysis and trade-off studies on Hod Maden were completed during the first quarter of 2019 which will contribute to the Feasibility Study work, which began during the second quarter of 2019. The Feasibility Study contract was awarded to GR Engineering Services and AMC Consultants.
In conjunction with the Feasibility Study, an Environmental Impact Assessment has been submitted and a public participation meeting was successfully conducted as part of the permitting process.
The Feasibility Study is expected to be completed in the second quarter of 2020, with first production projected for the fourth quarter of 2022.
Sandstorm has a 30% net profits interest and a 2.0% net smelter returns ("NSR") royalty on the Hod Maden project.
Aurizona Pours First Gold in May 2019
Equinox Gold Corp. ("Equinox Gold") announced on May 14, 2019 that the first gold pour took place at the Aurizona Gold Mine in Brazil. Equinox Gold also announced the receipt of the License to Operate permit, the final operating permit required from the Maranhão State Environmental Agency. The Aurizona Gold Mine is expected to reach commercial production around the end of the second quarter of 2019.
For more information, visit the Equinox Gold website at www.equinoxgold.com and see the press release dated May 14, 2019. Sandstorm has a 3.0% - 5.0% sliding scale NSR royalty on the Aurizona project. At gold prices less than or equal to US$1,500 per ounce, the royalty is a 3.0% NSR. In addition, Sandstorm holds a 2.0% NSR royalty on the Aurizona Greenfields property, a package of exploration ground adjacent to the Aurizona project.
Erdene Intersects 112.0 metres of 5.9 g/t Gold
Erdene Resource Development Corp. ("Erdene") announced results from their ongoing 2019 drill program at the Khundii Gold Project located in Mongolia. An 1,800 metre drill program was conducted in April 2019 to increase confidence in the existing resource, confirm gold grades, and expand Bayan Khundii mineralization. The results will be incorporated into the recently launched Pre-Feasibility Study and used in planning the next phase of the 2019 exploration drill program.
Highlights from the April drill program include:
Midfield Zone
BKD-261: 112.0 metres of 5.9 grams per tonne ("g/t") gold from 13.0 metres; and
BKD-262: 14.0 metres of 14.1 g/t gold from 9.0 metres.
North Midfield
BKD-260: 23.3 metres of 4.4 g/t gold from 97.6 metres; and
BKD-259: 2.0 metres of 39.0 g/t gold from 202.0 metres.
Striker west
BKD-265: 16.0 metres of 1.1 g/t gold from 28.0 metres and 3.0 metres of 40.0 g/t gold from 142.0 metres.
For more information and full drill results, visit the Erdene website at www.erdene.com and see the press release dated May 13, 2019. Sandstorm has a 1.0% NSR royalty on Erdene's Bayan Khundii and Altan Nar properties.
Kinross Completes Scoping Study on Lobo-Marte
Kinross Gold Corporation ("Kinross") announced that they have completed a Scoping Study on the Lobo-Marte project in Chile. The Scoping Study estimates a mine life that could extend more than 10 years, with total life of mine production of approximately 4.1 million gold ounces at a grade of 1.2 g/t gold. Kinross is now progressing to a Pre-Feasibility study with permitting efforts also underway. The Pre-Feasibility study is expected to be completed by mid-2020.
For more information, visit the Kinross website at www.kinross.com and see the press release dated May 7, 2019. Sandstorm has a 1.05% NSR royalty on the Lobo-Marte project.
Bonterra Intersects 12.8 g/t gold over 5.6 metres at moroy
Bonterra Resources Inc. ("Bonterra") announced results from their ongoing drill program at the Gladiator, Barry and Moroy deposits located in Quebec, Canada. Bonterra currently has five drills operating at the properties, which are testing a combination of resource expansion and earlier stage exploration targets.
Highlighted drill results include:
Barry
MB-19-209: 4.2 metres of 5.1 g/t gold from 206.7 metres; and
MB-19-211: 1.5 metres of 6.3 g/t gold from 453.7 metres.
Moroy
MY-19-155: 5.6 metres of 12.8 g/t gold from 256.3 metres; and
MY-19-158: 5.4 metres of 12.2 g/t gold from 70.5 metres.
For more information and complete drill results, visit the Bonterra website at www.bonterraresources.com and see the press release dated June 12, 2019.
Sandstorm receives a minimum of 1,500 ounces of gold per quarter from Bachelor Lake until 12,000 ounces of gold have been delivered. The gold stream will then convert to a 3.9% NSR royalty. In addition to this, Sandstorm holds a 1.0% NSR royalty on Bachelor Lake. When combined with Sandstorm's existing royalties, the Company will then hold a total 4.9% NSR on Bachelor Lake/Moroy project, a 3.9% €‰ €“ €‰4.9% NSR on the Barry project and a 1% NSR on a portion of the Gladiator project.
Sandstorm Files Early Warning Report
Pursuant to National Instrument 62-103 - The Early Warning System and Related Take Over Bid and Insider Reporting Issues, Sandstorm is announcing the acquisition of an aggregate of 3,498,000 common shares (the "Entrée Acquired Shares") of Entrée Resources Ltd. ("Entrée"), representing approximately 2.0% of the outstanding common shares of Entrée (the "Entrée Shares").
Prior to the acquisition of the Entrée Acquired Shares, Sandstorm held 28,643,880 Entrée Shares as well as warrants to purchase an additional 457,317 Entrée Shares ("Entrée Warrants"), representing approximately 16.4% of the outstanding Entrée Shares on a non-diluted basis. Assuming the exercise of all 457,317 Entrée Warrants held by the Company, Sandstorm would have previously held an aggregate of 29,101,197 Entrée Shares, representing approximately 16.6% of the outstanding Entrée Shares (on a partially diluted basis). Upon completion of the acquisition of the Entrée Acquired Shares, an aggregate 32,141,880 Entrée Shares are now owned directly by Sandstorm, representing approximately 18.4% of the outstanding Entrée Shares. Assuming the exercise of the Company ´s 457,317 Entrée Warrants, the Company would then hold 32,599,197 Entrée Shares, representing approximately 18.6% of the outstanding Entrée Shares (on a partially diluted basis).
The Entrée Acquired Shares were acquired by Sandstorm on the open market over the facilities of the Toronto Stock Exchange and other published markets for the Entrée Shares at prices ranging from C$0.44 to C$0.46 per Entrée Acquired Share. The acquisition of the Entrée Acquired Shares by Sandstorm was effected for investment purposes. Sandstorm may from time to time acquire additional securities of Entrée, dispose of some or all of the existing or additional securities it holds or will hold, or may continue to hold its current position.
25.06.2019 | Accesswire
VANCOUVER, June 25, 2019 - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties Corp.", "Sandstorm" or the "Company") (NYSE American: SAND, TSX: SSL) is pleased to provide an update related to share repurchases under the Company's Normal Course Issuer Bid ("NCIB"), monetization of non-core equity investments, and recent developments from the Company's royalty portfolio.
Share Buyback Program
During the fourth quarter of 2018, Sandstorm announced a share buyback program to purchase up to 18.3 million of the Company's common shares. Since the announcement, Sandstorm has purchased approximately 7.9 million shares of the Company.
For more information regarding Sandstorm's NCIB, see Sandstorm's press releases dated November 15, 2018 and April 2, 2019 at www.sandstormgold.com or on Sandstorm's Sedar profile at www.sedar.com.
The actual number of common shares that may be purchased and the timing of such purchases will be determined by the Company. Decisions regarding purchases will be based on market conditions, share price, best use of available cash, and other factors. Any securities acquired under the NCIB will be cancelled.
Sandstorm Monetizes Non-Core Equity INvestments
Sandstorm recently sold approximately US$17 million of its equity investments, representing a continuation of the Company's strategy to monetize non-core assets. Proceeds from the sale were largely used to pay down debt drawn on the Company's revolving credit facility.
Hod Maden Progress Update
Lidya Madencilik Sanayi ve Ticaret A.S. ("Lidya"), the majority owner and operator of the Hod Maden project in Turkey, has been steadily advancing the project during 2019. A gap analysis and trade-off studies on Hod Maden were completed during the first quarter of 2019 which will contribute to the Feasibility Study work, which began during the second quarter of 2019. The Feasibility Study contract was awarded to GR Engineering Services and AMC Consultants.
In conjunction with the Feasibility Study, an Environmental Impact Assessment has been submitted and a public participation meeting was successfully conducted as part of the permitting process.
The Feasibility Study is expected to be completed in the second quarter of 2020, with first production projected for the fourth quarter of 2022.
Sandstorm has a 30% net profits interest and a 2.0% net smelter returns ("NSR") royalty on the Hod Maden project.
Aurizona Pours First Gold in May 2019
Equinox Gold Corp. ("Equinox Gold") announced on May 14, 2019 that the first gold pour took place at the Aurizona Gold Mine in Brazil. Equinox Gold also announced the receipt of the License to Operate permit, the final operating permit required from the Maranhão State Environmental Agency. The Aurizona Gold Mine is expected to reach commercial production around the end of the second quarter of 2019.
For more information, visit the Equinox Gold website at www.equinoxgold.com and see the press release dated May 14, 2019. Sandstorm has a 3.0% - 5.0% sliding scale NSR royalty on the Aurizona project. At gold prices less than or equal to US$1,500 per ounce, the royalty is a 3.0% NSR. In addition, Sandstorm holds a 2.0% NSR royalty on the Aurizona Greenfields property, a package of exploration ground adjacent to the Aurizona project.
Erdene Intersects 112.0 metres of 5.9 g/t Gold
Erdene Resource Development Corp. ("Erdene") announced results from their ongoing 2019 drill program at the Khundii Gold Project located in Mongolia. An 1,800 metre drill program was conducted in April 2019 to increase confidence in the existing resource, confirm gold grades, and expand Bayan Khundii mineralization. The results will be incorporated into the recently launched Pre-Feasibility Study and used in planning the next phase of the 2019 exploration drill program.
Highlights from the April drill program include:
Midfield Zone
BKD-261: 112.0 metres of 5.9 grams per tonne ("g/t") gold from 13.0 metres; and
BKD-262: 14.0 metres of 14.1 g/t gold from 9.0 metres.
North Midfield
BKD-260: 23.3 metres of 4.4 g/t gold from 97.6 metres; and
BKD-259: 2.0 metres of 39.0 g/t gold from 202.0 metres.
Striker west
BKD-265: 16.0 metres of 1.1 g/t gold from 28.0 metres and 3.0 metres of 40.0 g/t gold from 142.0 metres.
For more information and full drill results, visit the Erdene website at www.erdene.com and see the press release dated May 13, 2019. Sandstorm has a 1.0% NSR royalty on Erdene's Bayan Khundii and Altan Nar properties.
Kinross Completes Scoping Study on Lobo-Marte
Kinross Gold Corporation ("Kinross") announced that they have completed a Scoping Study on the Lobo-Marte project in Chile. The Scoping Study estimates a mine life that could extend more than 10 years, with total life of mine production of approximately 4.1 million gold ounces at a grade of 1.2 g/t gold. Kinross is now progressing to a Pre-Feasibility study with permitting efforts also underway. The Pre-Feasibility study is expected to be completed by mid-2020.
For more information, visit the Kinross website at www.kinross.com and see the press release dated May 7, 2019. Sandstorm has a 1.05% NSR royalty on the Lobo-Marte project.
Bonterra Intersects 12.8 g/t gold over 5.6 metres at moroy
Bonterra Resources Inc. ("Bonterra") announced results from their ongoing drill program at the Gladiator, Barry and Moroy deposits located in Quebec, Canada. Bonterra currently has five drills operating at the properties, which are testing a combination of resource expansion and earlier stage exploration targets.
Highlighted drill results include:
Barry
MB-19-209: 4.2 metres of 5.1 g/t gold from 206.7 metres; and
MB-19-211: 1.5 metres of 6.3 g/t gold from 453.7 metres.
Moroy
MY-19-155: 5.6 metres of 12.8 g/t gold from 256.3 metres; and
MY-19-158: 5.4 metres of 12.2 g/t gold from 70.5 metres.
For more information and complete drill results, visit the Bonterra website at www.bonterraresources.com and see the press release dated June 12, 2019.
Sandstorm receives a minimum of 1,500 ounces of gold per quarter from Bachelor Lake until 12,000 ounces of gold have been delivered. The gold stream will then convert to a 3.9% NSR royalty. In addition to this, Sandstorm holds a 1.0% NSR royalty on Bachelor Lake. When combined with Sandstorm's existing royalties, the Company will then hold a total 4.9% NSR on Bachelor Lake/Moroy project, a 3.9% €‰ €“ €‰4.9% NSR on the Barry project and a 1% NSR on a portion of the Gladiator project.
Sandstorm Files Early Warning Report
Pursuant to National Instrument 62-103 - The Early Warning System and Related Take Over Bid and Insider Reporting Issues, Sandstorm is announcing the acquisition of an aggregate of 3,498,000 common shares (the "Entrée Acquired Shares") of Entrée Resources Ltd. ("Entrée"), representing approximately 2.0% of the outstanding common shares of Entrée (the "Entrée Shares").
Prior to the acquisition of the Entrée Acquired Shares, Sandstorm held 28,643,880 Entrée Shares as well as warrants to purchase an additional 457,317 Entrée Shares ("Entrée Warrants"), representing approximately 16.4% of the outstanding Entrée Shares on a non-diluted basis. Assuming the exercise of all 457,317 Entrée Warrants held by the Company, Sandstorm would have previously held an aggregate of 29,101,197 Entrée Shares, representing approximately 16.6% of the outstanding Entrée Shares (on a partially diluted basis). Upon completion of the acquisition of the Entrée Acquired Shares, an aggregate 32,141,880 Entrée Shares are now owned directly by Sandstorm, representing approximately 18.4% of the outstanding Entrée Shares. Assuming the exercise of the Company ´s 457,317 Entrée Warrants, the Company would then hold 32,599,197 Entrée Shares, representing approximately 18.6% of the outstanding Entrée Shares (on a partially diluted basis).
The Entrée Acquired Shares were acquired by Sandstorm on the open market over the facilities of the Toronto Stock Exchange and other published markets for the Entrée Shares at prices ranging from C$0.44 to C$0.46 per Entrée Acquired Share. The acquisition of the Entrée Acquired Shares by Sandstorm was effected for investment purposes. Sandstorm may from time to time acquire additional securities of Entrée, dispose of some or all of the existing or additional securities it holds or will hold, or may continue to hold its current position.
July 2, 2019 / Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE American: SAND, TSX: SSL) is pleased to report that the Company has sold approximately 16,400 attributable gold equivalent ounces1 during the second quarter of 2019, a record for the Company.
Cerro Morro zieht ordentlich an, in q3 kommt dann auch noch 3% von Aurizona dazu
Sandstorm Gold Royalties Announces Record Revenue and Gold Equivalent Ounces Sold in Q3 2019
Wednesday, October 2, 2019 4:30 PM
VANCOUVER, BC / ACCESSWIRE / October 2, 2019 / Sandstorm Gold Ltd. ("Sandstorm Gold Royalties," "Sandstorm" or the "Company") (NYSE American: SAND, TSX: SSL) is pleased to report that the Company has sold approximately 17,300 attributable gold equivalent ounces1 and realized preliminary revenue2 of $25.8 million during the three months ended September 30, 2019, both representing a record for the Company. Preliminary cost of sales, excluding depletion2 for the three month period was $5.0 million resulting in cash operating margins1 of approximately $1,200 per attributable gold equivalent ounce1.
Note 1
Wednesday, October 2, 2019 4:30 PM
VANCOUVER, BC / ACCESSWIRE / October 2, 2019 / Sandstorm Gold Ltd. ("Sandstorm Gold Royalties," "Sandstorm" or the "Company") (NYSE American: SAND, TSX: SSL) is pleased to report that the Company has sold approximately 17,300 attributable gold equivalent ounces1 and realized preliminary revenue2 of $25.8 million during the three months ended September 30, 2019, both representing a record for the Company. Preliminary cost of sales, excluding depletion2 for the three month period was $5.0 million resulting in cash operating margins1 of approximately $1,200 per attributable gold equivalent ounce1.
Note 1
pp von columbus gold gezeichnet. inklusive neuer, kleiner royalties in neuen gebieten
Der Q3-Bericht, Zusammenfassung:
October 30, 2019 | VANCOUVER, BC
SANDSTORM GOLD ROYALTIES ANNOUNCES RECORD 2019 THIRD QUARTER RESULTS
Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE American: SAND, TSX: SSL) has released its results for the third quarter ended September 30, 2019 (all figures in U.S. dollars).
THIRD QUARTER HIGHLIGHTS
Record attributable gold equivalent ounces sold1 of 17,289 ounces (Q3 2018: 14,314 ounces);
Record revenue of $25.8 million (Q3 2018: $17.3 million);
Record cash flows from operating activities, excluding changes in non-cash working capital1 of $18.2 million (Q3 2018: $11.7 million);
Average cash cost per attributable gold equivalent ounce1 of $288 resulting in cash operating margins1 of $1,203 per ounce (Q3 2018: $248 per ounce and $960 per ounce respectively);
Net income of $6.2 million (Q3 2018: $2.1 million);
Normal Course Issuer Bid: Under Sandstorm’s normal course issuer bid, the Company purchased and cancelled approximately 2.4 million shares during the third quarter of 2019;
Commercial production at Aurizona: On July 1, 2019, Equinox Gold Corp. achieved commercial production at the Aurizona mine. Sandstorm has a 3%-5% sliding scale net smelter returns (“NSR”) royalty on the project. At gold prices less than or equal to $1,500 per ounce, the royalty is a 3% NSR royalty. At gold prices between $1,500 and $2,000 per ounce, the royalty is a 4% NSR royalty.
OUTLOOK
Based on the Company’s existing royalties, attributable gold equivalent ounces sold for 2019 is forecasted to be between 63,000 and 70,000 ounces. The Company is forecasting attributable gold equivalent production of 140,000 ounces in 2023.
October 30, 2019 | VANCOUVER, BC
SANDSTORM GOLD ROYALTIES ANNOUNCES RECORD 2019 THIRD QUARTER RESULTS
Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE American: SAND, TSX: SSL) has released its results for the third quarter ended September 30, 2019 (all figures in U.S. dollars).
THIRD QUARTER HIGHLIGHTS
Record attributable gold equivalent ounces sold1 of 17,289 ounces (Q3 2018: 14,314 ounces);
Record revenue of $25.8 million (Q3 2018: $17.3 million);
Record cash flows from operating activities, excluding changes in non-cash working capital1 of $18.2 million (Q3 2018: $11.7 million);
Average cash cost per attributable gold equivalent ounce1 of $288 resulting in cash operating margins1 of $1,203 per ounce (Q3 2018: $248 per ounce and $960 per ounce respectively);
Net income of $6.2 million (Q3 2018: $2.1 million);
Normal Course Issuer Bid: Under Sandstorm’s normal course issuer bid, the Company purchased and cancelled approximately 2.4 million shares during the third quarter of 2019;
Commercial production at Aurizona: On July 1, 2019, Equinox Gold Corp. achieved commercial production at the Aurizona mine. Sandstorm has a 3%-5% sliding scale net smelter returns (“NSR”) royalty on the project. At gold prices less than or equal to $1,500 per ounce, the royalty is a 3% NSR royalty. At gold prices between $1,500 and $2,000 per ounce, the royalty is a 4% NSR royalty.
OUTLOOK
Based on the Company’s existing royalties, attributable gold equivalent ounces sold for 2019 is forecasted to be between 63,000 and 70,000 ounces. The Company is forecasting attributable gold equivalent production of 140,000 ounces in 2023.
Gute Zahlen + etwas mehr als 2 Mio share buyback.
Auch wieder nice, einer der billigroyalties scheint echt was drauf zu haben. Sandstorm hat 2%NSR
Awalé Resources - Maiden Drill Program at Odienné Delivers Near-Surface High-Grade Gold Discovery
15:00 Uhr | CNW
VANCOUVER, Nov. 19, 2019 - Awalé Resources Limited ("Awalé" or the "Company") (TSXV: ARIC) is pleased to announce initial high-grade drill results from the first two holes of its planned 2,500 metre drill program at the Empire prospect, Odienné Gold Project, Cote d'Ivoire (Figure 1). These drill holes represent the first ever test of the core area of the 3 km long, 250m wide soil gold anomaly previously defined by the Company at Empire (figure 2).
Highlights for the first 2 discovery holes include:
OEDD0001 - 18.15 metres ("m") at 4.9 grams per tonne gold ("g/t Au") from 40 m downhole, including 10.4 m at 7.9 g/t Au* from 40m downhole, and
OEDD0002 - 27 m at 3.1 g/t Au from 43.2 m downhole including 9 m at 5.3 g/t Au from 43.2 m downhole*.
*These are downhole drill intercepts from NQ diamond core and do not represent true width. True width of the minersalised envelope is currently estimated to be 15 metres. Broad intercepts are calculated at a 0.2g/t Au trigger with included intercepts calculated at a 0.5 g/t Au trigger. All calculated intercepts include 3m of internal waste.
Both drill holes contain visible gold in extensional quartz veins hosted within a brittle/ductile deformation zone in a diorite body that has intruded a pre-existing WNW trending mylonite bearing structure (Figures 3 and 4). All reported intervals occur beneath the zone of oxidation and within sulfide-bearing vein assemblages.
Hole OEDD0003 has now been completed as a step back behind OEDD002, this hole has intercepted a similar visible gold bearing brittle ductile zone; assays for this hole are awaited. This mineralisation is 80 metres down dip of the intersections in holes OEDD0001 and OEDD0002 and demonstrates down dip continuity of a potentially significant mineralised system. Veins within this deformation zone also contain free gold. Photographs of visible gold in drill core are shown in figure 5.
The mineralisation is contained within a 500 metre greater than 109 ppb core of a 3 kilometre long +18ppb gold in soil anomaly. Subsequent to these initial drill results the original plan of 3 drill lines has been increased a total of 6 lines as the first pass test of this anomaly (figure 2).
Link to Figures: http://awaleresources.com/_resources/maps/2019_11_19_Discove…
Company CEO Glen Parsons commented today:
"We are excited to announce this gold discovery in our first 3 holes of the company's maiden drilling program at the Odienné Project. Our systematic exploration methods over the last year have given the team considerable confidence in the geology and potential of the Empire target. Now that drill testing has commenced these initial holes have surpassed expectations. The high-grade intercepts and visible gold in fresh, unweathered rock is extremely rewarding for the team.
We look forward to continuing drilling along the 3 km long soil anomaly that forms the Empire Prospect. Step out holes are currently being drilled east of these first 3 holes and the company expects to have continual results flow and increased understanding for this exciting prospect"
Awalé Resources - Maiden Drill Program at Odienné Delivers Near-Surface High-Grade Gold Discovery
15:00 Uhr | CNW
VANCOUVER, Nov. 19, 2019 - Awalé Resources Limited ("Awalé" or the "Company") (TSXV: ARIC) is pleased to announce initial high-grade drill results from the first two holes of its planned 2,500 metre drill program at the Empire prospect, Odienné Gold Project, Cote d'Ivoire (Figure 1). These drill holes represent the first ever test of the core area of the 3 km long, 250m wide soil gold anomaly previously defined by the Company at Empire (figure 2).
Highlights for the first 2 discovery holes include:
OEDD0001 - 18.15 metres ("m") at 4.9 grams per tonne gold ("g/t Au") from 40 m downhole, including 10.4 m at 7.9 g/t Au* from 40m downhole, and
OEDD0002 - 27 m at 3.1 g/t Au from 43.2 m downhole including 9 m at 5.3 g/t Au from 43.2 m downhole*.
*These are downhole drill intercepts from NQ diamond core and do not represent true width. True width of the minersalised envelope is currently estimated to be 15 metres. Broad intercepts are calculated at a 0.2g/t Au trigger with included intercepts calculated at a 0.5 g/t Au trigger. All calculated intercepts include 3m of internal waste.
Both drill holes contain visible gold in extensional quartz veins hosted within a brittle/ductile deformation zone in a diorite body that has intruded a pre-existing WNW trending mylonite bearing structure (Figures 3 and 4). All reported intervals occur beneath the zone of oxidation and within sulfide-bearing vein assemblages.
Hole OEDD0003 has now been completed as a step back behind OEDD002, this hole has intercepted a similar visible gold bearing brittle ductile zone; assays for this hole are awaited. This mineralisation is 80 metres down dip of the intersections in holes OEDD0001 and OEDD0002 and demonstrates down dip continuity of a potentially significant mineralised system. Veins within this deformation zone also contain free gold. Photographs of visible gold in drill core are shown in figure 5.
The mineralisation is contained within a 500 metre greater than 109 ppb core of a 3 kilometre long +18ppb gold in soil anomaly. Subsequent to these initial drill results the original plan of 3 drill lines has been increased a total of 6 lines as the first pass test of this anomaly (figure 2).
Link to Figures: http://awaleresources.com/_resources/maps/2019_11_19_Discove…
Company CEO Glen Parsons commented today:
"We are excited to announce this gold discovery in our first 3 holes of the company's maiden drilling program at the Odienné Project. Our systematic exploration methods over the last year have given the team considerable confidence in the geology and potential of the Empire target. Now that drill testing has commenced these initial holes have surpassed expectations. The high-grade intercepts and visible gold in fresh, unweathered rock is extremely rewarding for the team.
We look forward to continuing drilling along the 3 km long soil anomaly that forms the Empire Prospect. Step out holes are currently being drilled east of these first 3 holes and the company expects to have continual results flow and increased understanding for this exciting prospect"
Sandstorm Gold Royalties Amends $225 Million Credit Facility to Include an Accordion Feature to Increase up to $300 Million
Tuesday, December 3, 2019 8:00 AM
VANCOUVER, BC / ACCESSWIRE / December 3, 2019 / Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE American:SAND)(TSX: SSL) is pleased to announce that it has amended its revolving credit agreement (the "Revolving Loan"), allowing the Company to borrow up to $225 million with an additional uncommitted accordion of up to $75 million, for a total availability of up to $300 million.
The amounts drawn on the Revolving Loan are subject to interest at LIBOR plus 1.875%-3.0% per annum, and the undrawn portion of the Revolving Loan is subject to a standby fee of 0.422%-0.675% per annum, both of which are dependent on the Company's leverage ratio. The syndicate of banks include The Bank of Nova Scotia, Bank of Montreal, National Bank of Canada, Canadian Imperial Bank of Commerce, and Royal Bank of Canada. The Revolving Loan has a term of four years, maturing in December 2023.
Tuesday, December 3, 2019 8:00 AM
VANCOUVER, BC / ACCESSWIRE / December 3, 2019 / Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE American:SAND)(TSX: SSL) is pleased to announce that it has amended its revolving credit agreement (the "Revolving Loan"), allowing the Company to borrow up to $225 million with an additional uncommitted accordion of up to $75 million, for a total availability of up to $300 million.
The amounts drawn on the Revolving Loan are subject to interest at LIBOR plus 1.875%-3.0% per annum, and the undrawn portion of the Revolving Loan is subject to a standby fee of 0.422%-0.675% per annum, both of which are dependent on the Company's leverage ratio. The syndicate of banks include The Bank of Nova Scotia, Bank of Montreal, National Bank of Canada, Canadian Imperial Bank of Commerce, and Royal Bank of Canada. The Revolving Loan has a term of four years, maturing in December 2023.
Antwort auf Beitrag Nr.: 61.963.334 von KMST am 19.11.19 18:21:31sandstorm bleibt am ball
Sandstorm Gold Ltd.:Sandstorm Gold Royalties Announces Record Revenue And Gold Equivalent Ounces Sold In 2019
Wednesday, January 8, 2020 8:30 AM
VANCOUVER, BC / ACCESSWIRE / January 8, 2020 / Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE American:SAND)(TSX:SSL) is pleased to report that the Company has sold approximately 63,800 attributable gold equivalent ounces1 and realized preliminary revenue2 of $89.4 million for the full 2019 year, both representing a record for the Company.
During the three months ended December 31, 2019, the Company sold approximately 16,100 attributable gold equivalent ounces1 and realized preliminary revenue2 of $24.0 million. Preliminary cost of sales, excluding depletion2 for the three month period was $5.0 million resulting in cash operating margins1 of approximately $1,180 per attributable gold equivalent ounce1. These results should be read in conjunction with the Company's audited consolidated financial statements for the year ended December 31, 2019 as and when released.
Wednesday, January 8, 2020 8:30 AM
VANCOUVER, BC / ACCESSWIRE / January 8, 2020 / Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE American:SAND)(TSX:SSL) is pleased to report that the Company has sold approximately 63,800 attributable gold equivalent ounces1 and realized preliminary revenue2 of $89.4 million for the full 2019 year, both representing a record for the Company.
During the three months ended December 31, 2019, the Company sold approximately 16,100 attributable gold equivalent ounces1 and realized preliminary revenue2 of $24.0 million. Preliminary cost of sales, excluding depletion2 for the three month period was $5.0 million resulting in cash operating margins1 of approximately $1,180 per attributable gold equivalent ounce1. These results should be read in conjunction with the Company's audited consolidated financial statements for the year ended December 31, 2019 as and when released.
Wenn ich mir die Kursentwicklung so ansehe .. und mit anderen Streamern vergleiche,
dann beschleicht mich allmählich das Gefühl, aufs falsche Pferd gesetzt zu haben ...
dann beschleicht mich allmählich das Gefühl, aufs falsche Pferd gesetzt zu haben ...
es wird geld vorzeitig eingesammelt...deal in vorbereitung!?
VANCOUVER, BC / ACCESSWIRE / March 2, 2020 / Sandstorm Gold Ltd (SAND). ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE:SAND) (TSX:SSL) is pleased to announce an Early Warrant Exercise Incentive Program ("Early Warrant Exercise Program") for its 15 million outstanding and unlisted share purchase warrants having an exercise price of US$3.50 ("Exercise Price") and expiring on October 27, 2020 (the "Warrants"). The Warrants were issued in connection with the Company's acquisition of certain silver, copper and gold streams from Yamana Gold Inc. in 2015.
The Early Warrant Exercise Program is designed to encourage the early exercise of the Warrants during a 10-day early exercise period expected to commence on April 16, 2020 and terminate on April 27, 2020 (the "Incentive Period"). The Company proposes to incentivize the early exercise of the Warrants by offering a reduction in the Exercise Price from US$3.50 to US$3.35 to holders of the Warrants (the "Warrantholders") who exercise the Warrants during the Incentive Period.
Nolan Watson, Sandstorm's President & CEO remarked, "The Early Warrant Exercise Program has the potential to remove the overhang of a large block of in-the-money warrants and provide additional capital for future deals. As a growth company, Sandstorm is continually searching for new opportunities to strengthen its portfolio. With this anticipated $50 million in cash from the early warrant exercise, combined with our strong operating cash flows and credit facility, Sandstorm expects to have capital available to propel the company into the next phase of growth."
All of the Warrantholders have entered into formal support agreements with Sandstorm, pursuant to which they have agreed (subject to the Company receiving regulatory and shareholder approval for the Early Warrant Exercise Program) to exercise their Warrants during the Incentive Period. Assuming exercise of all Warrants during the Incentive Period, Sandstorm expects to receive gross proceeds of US$50.25 million on or before April 27, 2020 (the last day of the Incentive Period). Sandstorm intends to use the proceeds from this program to provide additional capital for potential future deals. The Incentive Program is intended to provide a cost-effective source of financing for Sandstorm.
The Board of Directors of Sandstorm has approved the terms of the Early Warrant Exercise Program and the submission of the program to shareholders of the Company for their approval at the upcoming Annual General and Special Meeting of the shareholders of the Company to be held on April 15, 2020. The Early Warrant Exercise Program is subject to the receipt of all required regulatory approvals and consents, including approval by a simple majority of the "disinterested shareholders" (being those shareholders who do not own Warrants) and the Toronto Stock Exchange (the "TSX"). Sandstorm expects to mail the Management Information Circular and proxy material to its shareholders on March 6, 2020.
The Company notes that, in order for U.S. Warrantholders to exercise their Warrants, U.S. Warrantholders will be required to qualify for an applicable exemption from registration under the United States Securities Act of 1933, as amended.
If the Early Warrant Exercise Program is not approved by the TSX or the shareholders, then the terms of the Warrants shall be deemed unaffected and shall continue in full force and effect. In addition, each Warrant that is not exercised during the Incentive Period will remain outstanding and continue to entitle the holder to acquire one common share of Sandstorm at the Exercise Price of US$3.50 until October 27, 2020.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
VANCOUVER, BC / ACCESSWIRE / March 2, 2020 / Sandstorm Gold Ltd (SAND). ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE:SAND) (TSX:SSL) is pleased to announce an Early Warrant Exercise Incentive Program ("Early Warrant Exercise Program") for its 15 million outstanding and unlisted share purchase warrants having an exercise price of US$3.50 ("Exercise Price") and expiring on October 27, 2020 (the "Warrants"). The Warrants were issued in connection with the Company's acquisition of certain silver, copper and gold streams from Yamana Gold Inc. in 2015.
The Early Warrant Exercise Program is designed to encourage the early exercise of the Warrants during a 10-day early exercise period expected to commence on April 16, 2020 and terminate on April 27, 2020 (the "Incentive Period"). The Company proposes to incentivize the early exercise of the Warrants by offering a reduction in the Exercise Price from US$3.50 to US$3.35 to holders of the Warrants (the "Warrantholders") who exercise the Warrants during the Incentive Period.
Nolan Watson, Sandstorm's President & CEO remarked, "The Early Warrant Exercise Program has the potential to remove the overhang of a large block of in-the-money warrants and provide additional capital for future deals. As a growth company, Sandstorm is continually searching for new opportunities to strengthen its portfolio. With this anticipated $50 million in cash from the early warrant exercise, combined with our strong operating cash flows and credit facility, Sandstorm expects to have capital available to propel the company into the next phase of growth."
All of the Warrantholders have entered into formal support agreements with Sandstorm, pursuant to which they have agreed (subject to the Company receiving regulatory and shareholder approval for the Early Warrant Exercise Program) to exercise their Warrants during the Incentive Period. Assuming exercise of all Warrants during the Incentive Period, Sandstorm expects to receive gross proceeds of US$50.25 million on or before April 27, 2020 (the last day of the Incentive Period). Sandstorm intends to use the proceeds from this program to provide additional capital for potential future deals. The Incentive Program is intended to provide a cost-effective source of financing for Sandstorm.
The Board of Directors of Sandstorm has approved the terms of the Early Warrant Exercise Program and the submission of the program to shareholders of the Company for their approval at the upcoming Annual General and Special Meeting of the shareholders of the Company to be held on April 15, 2020. The Early Warrant Exercise Program is subject to the receipt of all required regulatory approvals and consents, including approval by a simple majority of the "disinterested shareholders" (being those shareholders who do not own Warrants) and the Toronto Stock Exchange (the "TSX"). Sandstorm expects to mail the Management Information Circular and proxy material to its shareholders on March 6, 2020.
The Company notes that, in order for U.S. Warrantholders to exercise their Warrants, U.S. Warrantholders will be required to qualify for an applicable exemption from registration under the United States Securities Act of 1933, as amended.
If the Early Warrant Exercise Program is not approved by the TSX or the shareholders, then the terms of the Warrants shall be deemed unaffected and shall continue in full force and effect. In addition, each Warrant that is not exercised during the Incentive Period will remain outstanding and continue to entitle the holder to acquire one common share of Sandstorm at the Exercise Price of US$3.50 until October 27, 2020.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Guter run und gestern leider schlechte Zahlen...jetzt dürfte erstmal eine Weile die Handbremse angezogen bleiben.
Niemand sagt was zum besten Bohrloch der letzten Monate, wenn nicht Jahre!?
Sandstorm hat 30% +2%NSR an Hod Maden
Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE: SAND, TSX: SSL) is pleased to provide an asset update and announce the Company has filed the prospectus supplement for the previously announced at-the-market equity program. Hod Maden Drill Results Recent infill drill results have been reported by Lidya Madencilik San. ve Tic. A.S. (“Lidya”), Sandstorm’s 70% partner at Hod Maden. A total of 2,864 metres in 24 drill holes have been completed in 2020 and once travel and work restrictions are lifted in Turkey, Lidya plans on continued infill, geotechnical, hydrological and exploration drilling on the project.
drill results include: HTG-002: 85.3 metres at 84.3 grams per tonne (“g/t”) gold and 6.8% copper from 19.0 metres, (using a 2.4 g/t cut-off grade, uncut) including: 32.0 metres at 209.4 g/t gold and 7.4% copper from 19.0 metres (using a 100 g/t cut-off grade, uncut); or 32.0 metres at 164.5 g/t gold and 7.4% copper (using a top-cut grade of 240 g/t);
and HTG-003: 169.3 metres of 39.0 g/t gold and 1.7% copper from 20.8 metres (cut-off grade 2.4 g/t, uncut), including: 13.0 metres at 147.0 g/t gold and 2.0% copper from 63.0 metres. Drill holes HTG-002 and HTG-003 are infill drill holes within the main deposit at Hod Maden. The holes were drilled oblique to the strike, testing the continuity of the high-grade mineralization. Assay results show excellent, uniform grade distributions within the deposit, which has an estimated true thickness of about 65 meters. For QA/QC information see the appendix of this news release. Sandstorm has a 30% interest and a 2% NSR royalty on the Hod Maden project.
Sandstorm hat 30% +2%NSR an Hod Maden
Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE: SAND, TSX: SSL) is pleased to provide an asset update and announce the Company has filed the prospectus supplement for the previously announced at-the-market equity program. Hod Maden Drill Results Recent infill drill results have been reported by Lidya Madencilik San. ve Tic. A.S. (“Lidya”), Sandstorm’s 70% partner at Hod Maden. A total of 2,864 metres in 24 drill holes have been completed in 2020 and once travel and work restrictions are lifted in Turkey, Lidya plans on continued infill, geotechnical, hydrological and exploration drilling on the project.
drill results include: HTG-002: 85.3 metres at 84.3 grams per tonne (“g/t”) gold and 6.8% copper from 19.0 metres, (using a 2.4 g/t cut-off grade, uncut) including: 32.0 metres at 209.4 g/t gold and 7.4% copper from 19.0 metres (using a 100 g/t cut-off grade, uncut); or 32.0 metres at 164.5 g/t gold and 7.4% copper (using a top-cut grade of 240 g/t);
and HTG-003: 169.3 metres of 39.0 g/t gold and 1.7% copper from 20.8 metres (cut-off grade 2.4 g/t, uncut), including: 13.0 metres at 147.0 g/t gold and 2.0% copper from 63.0 metres. Drill holes HTG-002 and HTG-003 are infill drill holes within the main deposit at Hod Maden. The holes were drilled oblique to the strike, testing the continuity of the high-grade mineralization. Assay results show excellent, uniform grade distributions within the deposit, which has an estimated true thickness of about 65 meters. For QA/QC information see the appendix of this news release. Sandstorm has a 30% interest and a 2% NSR royalty on the Hod Maden project.
Hi Kmst
hat mich auch überrascht, dass der Kursanstieg nicht höher war. Aber Sand ist halt auch eine Mrd.Aktie und das nur Explorgebiet. Konnte auf der Sand-Seite nicht viel rausfinden.....Partner Lidya ist privat?
hat mich auch überrascht, dass der Kursanstieg nicht höher war. Aber Sand ist halt auch eine Mrd.Aktie und das nur Explorgebiet. Konnte auf der Sand-Seite nicht viel rausfinden.....Partner Lidya ist privat?
Ja, ist ein privates conglomerat mit besten Connections in der Türkei und zu Erdogan.
Die haben weitere Minen in der Türkei und mehrere JV unter anderem mit Alacer die jetzt mit SSR fusionieren und Polimetal. Erdogans Schwiegersohn war bevor er Finanzminister wurde Geschäftsführer der Holding zu der Lydia gehört.
Das dürfte wie ein Länderspiel laufen mit den permits und der Finanzierung. Payback bei den Goldpreisen wäre dann ein knappes Jahr 😜🤪
Die haben weitere Minen in der Türkei und mehrere JV unter anderem mit Alacer die jetzt mit SSR fusionieren und Polimetal. Erdogans Schwiegersohn war bevor er Finanzminister wurde Geschäftsführer der Holding zu der Lydia gehört.
Das dürfte wie ein Länderspiel laufen mit den permits und der Finanzierung. Payback bei den Goldpreisen wäre dann ein knappes Jahr 😜🤪
Pacton Enters into $2.1 Million Financing Package with Sandstorm Gold Ltd. and Arranges Concurrent Private Placement of $5,000,000 and Share Consolidation
VANCOUVER, May 27, 2020 - Pacton Gold Inc. (TSXV:PAC, OTC PINK:PACXF, FSE: 2NKN) (the "Company" or "Pacton") is pleased to announce that it has entered in a $2,155,000 financing package (the "Transaction") with Sandstorm Gold Ltd. ("Sandstorm"), which includes the purchase of royalties by Sandstorm on all of Pacton's mineral properties and significant participation by Sandstorm in a $5,000,000 private placement being undertaken by the Company (the "Private Placement"). The net proceeds from the royalty sale and the Private Placement will be used to fund continued exploration and development activities at the Company's Red Lake and Australian properties and for general working capital.
Dale Ginn, the Company's Executive Chairman stated, "We are very pleased to be entering into this long-term partnership with Sandstorm Gold. Our technical team is going to be hard at work over the coming period as we advance our projects in Canada and Australia. Thanks to the recent acquisitions, we have a land package of more than 28,000 ha in the prolific high-grade gold district of Red Lake, Ontario, where we expect to continue drilling this summer as well as conducting field work on the new claims. We also have comprehensive programs planned for our attractive land package in Western Australia, focusing along strike from De Grey Mining Ltd.'s (ASXEG) new Hemi deposit with shear hosted mineralization, as well as gold bearing gravels in the Egina district."
VANCOUVER, May 27, 2020 - Pacton Gold Inc. (TSXV:PAC, OTC PINK:PACXF, FSE: 2NKN) (the "Company" or "Pacton") is pleased to announce that it has entered in a $2,155,000 financing package (the "Transaction") with Sandstorm Gold Ltd. ("Sandstorm"), which includes the purchase of royalties by Sandstorm on all of Pacton's mineral properties and significant participation by Sandstorm in a $5,000,000 private placement being undertaken by the Company (the "Private Placement"). The net proceeds from the royalty sale and the Private Placement will be used to fund continued exploration and development activities at the Company's Red Lake and Australian properties and for general working capital.
Dale Ginn, the Company's Executive Chairman stated, "We are very pleased to be entering into this long-term partnership with Sandstorm Gold. Our technical team is going to be hard at work over the coming period as we advance our projects in Canada and Australia. Thanks to the recent acquisitions, we have a land package of more than 28,000 ha in the prolific high-grade gold district of Red Lake, Ontario, where we expect to continue drilling this summer as well as conducting field work on the new claims. We also have comprehensive programs planned for our attractive land package in Western Australia, focusing along strike from De Grey Mining Ltd.'s (ASX
EG) new Hemi deposit with shear hosted mineralization, as well as gold bearing gravels in the Egina district."
Sandstorm Gold Royalties Announces 2020 Second Quarter Sales Numbers
14:00 Uhr | Business Wire
Designated News Release
Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE: SAND, TSX: SSL) is pleased to announce the Company has sold approximately 10,900 attributable gold equivalent ounces1 and realized preliminary revenue2 of $18.7 million during the three months ended June 30, 2020. Preliminary cost of sales, excluding depletion2 for the three month period was $2.8 million resulting in cash operating margins1 of approximately $1,460 per attributable gold equivalent ounce1.
Due to the effects of COVID-19, several countries implemented restrictions on business operations. During the second quarter of 2020, some of the mines which Sandstorm receives royalty revenue or gold ounces from experienced limited mine production or temporarily suspended operations. Although this impacted Sandstorm’s attributable gold equivalent ounces sold during the second quarter of 2020, all mines have now resumed operations.
14:00 Uhr | Business Wire
Designated News Release
Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE: SAND, TSX: SSL) is pleased to announce the Company has sold approximately 10,900 attributable gold equivalent ounces1 and realized preliminary revenue2 of $18.7 million during the three months ended June 30, 2020. Preliminary cost of sales, excluding depletion2 for the three month period was $2.8 million resulting in cash operating margins1 of approximately $1,460 per attributable gold equivalent ounce1.
Due to the effects of COVID-19, several countries implemented restrictions on business operations. During the second quarter of 2020, some of the mines which Sandstorm receives royalty revenue or gold ounces from experienced limited mine production or temporarily suspended operations. Although this impacted Sandstorm’s attributable gold equivalent ounces sold during the second quarter of 2020, all mines have now resumed operations.
ich habe heute morgen mal ein paar verkauft...bin gespannt wie es weitergeht. hoffe aber auf einen rückkauf eine gute etage tiefer
als weiterhin investierter wünsche ich mir natürlich dass das mit der Etage tiefer erst einmal nicht klappt. Aber die Zukunft ist natürlich schwer zu sehen... beim aktuellen POG klingeln natürlich die Kassen.
Sandstorm heute halted...possible joint deal mit Royal Gold leaked. Das Ziel soll angeblich ein 1 Mrd. silver stream mit Hindustan Zinc sein
Antwort auf Beitrag Nr.: 65.146.225 von KMST am 21.09.20 17:14:24
https://www.tradesignalonline.com/ext/edt.ashx/wo/C163719F-4…
https://finance.yahoo.com/news/sandstorm-gold-royalties-anno…
Sandstorm Gold Royalties Announces 2020 Third Quarter Sales and Provides Asset Update
[Business Wire]
Sandstorm Gold Royalties Announces 2020 Third Quarter Sales and Provides Asset Update
[Business Wire]
Sandstorm Gold Royalties Announces Record Revenue in 2020
14:30 Uhr | Business Wire
Designated News Release
Sandstorm Gold Ltd. (“Sandstorm Gold Royalties” or the “Company”) (NYSE: SAND, TSX: SSL) is pleased to report that the Company has sold approximately 52,200 attributable gold equivalent ounces1 and realized preliminary record revenue2 of $93.0 million for the full 2020 year.
During the three months ended December 31, 2020, the Company sold approximately 15,800 attributable gold equivalent ounces1 and realized preliminary record revenue2 of $29.7 million. Preliminary cost of sales, excluding depletion2 for the three month period was $3.9 million resulting in cash operating margins1 of approximately $1,630 per attributable gold equivalent ounce1. These results should be read in conjunction with the Company’s audited consolidated financial statements for the year ended December 31, 2020 as and when released.
14:30 Uhr | Business Wire
Designated News Release
Sandstorm Gold Ltd. (“Sandstorm Gold Royalties” or the “Company”) (NYSE: SAND, TSX: SSL) is pleased to report that the Company has sold approximately 52,200 attributable gold equivalent ounces1 and realized preliminary record revenue2 of $93.0 million for the full 2020 year.
During the three months ended December 31, 2020, the Company sold approximately 15,800 attributable gold equivalent ounces1 and realized preliminary record revenue2 of $29.7 million. Preliminary cost of sales, excluding depletion2 for the three month period was $3.9 million resulting in cash operating margins1 of approximately $1,630 per attributable gold equivalent ounce1. These results should be read in conjunction with the Company’s audited consolidated financial statements for the year ended December 31, 2020 as and when released.
Sandstorm Gold Royalties Provides Asset Update
19.01.2021
Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE: SAND, TSX: SSL) is pleased to provide an asset update of recent developments from the Company’s royalty portfolio.
LUNDIN GOLD ANNOUNCES 20% THROUGHPUT EXPANSION IN 2021
In the fourth quarter of 2020, Lundin Gold Inc. (“Lundin Gold”) announced a 20% expansion of the mine and mill throughput at Fruta del Norte. Lundin Gold plans to commence construction in the first quarter of 2021. The expansion is expected to be completed with minimal disruption to operations and funded by cash flow from operations.
Gold production guidance for Fruta del Norte in 2021 is estimated between 380,000 to 420,000 ounces. Mill production is estimated at an average of 3,500 tpd until the fourth quarter when production is planned to ramp up to 4,200 tpd following completion of the planned mill expansion. In 2021, Lundin Gold has planned an $11 million, 9,000 metre drilling program on two high priority exploration targets.
Due to changes in planned mining method, Lundin Gold has updated its estimates of Probable Mineral Reserves to 5.41 million ounces of gold (20.8 million tonnes at a grade of 8.1 grams per tonne (“g/t”) effective July 31, 2020, based on a cut-off grade of 3.8 g/t for transverse stopes and 4.4 g/t for drift and fill stopes). This represents an increase of 427,000 ounces compared to the 2019 year-end reconciliation of Probable Mineral Reserves presented in Lundin Gold's Annual Information Form, dated March 24, 2020.
The new life of mine plan, which is based on the updated Probable Mineral Reserves and throughput expansion, provides for a total of 4.8 million ounces of gold production over a 14 year mine. The annual average gold production for the first five years (2021-2025) is estimated at 390,000 ounces of gold.
For more information, visit the Lundin Gold website at www.lundingold.com and see the press release dated December 8, 2020. Sandstorm has a 0.9% NSR royalty on the precious metals produced from the Fruta del Norte project.
EQUINOX GOLD ANNOUNCES DRILL RESULTS FROM 2020 DRILLING PROGRAM AT AURIZONA
Equinox Gold Corp. (“Equinox Gold”) released drill results from the Piaba underground target and the Genipapo target at the Aurizona gold mine in Brazil.
Piaba Underground
In 2020, a total of 23,916 metres were drilled at the Piaba underground deposit. Drilling tested depths up to one kilometre below surface and results to date have shown that the deposit remains open at depth. Highlighted drill results include:
BRAZD696: 24.0 metres of 5.6 g/t gold, from 314.0 metres;
BRAZD698: 1.0 metres of 96.8 g/t gold, from 282.0 metres;
BRAZD708: 11.0 metres of 4.2 g/t gold, from 305.0 metres and 11.0 metres of 6.15 g/t gold, from 363.0 metres;
BRAZD737: 37.0 metres of 4.35 g/t gold, from 452.0 metres.
Genipapo
The Genipapo target is located approximately one kilometre from the existing Piaba open-pit mine and is the most advanced of three targets that potentially could host a series of smaller, near-surface deposits. Drilling completed in 2020 continues to demonstrate the potential to develop Genipapo as an open-pit feed for the Piaba mill. Highlighted drill results include:
P630: 25.0 metres of 1.4 g/t gold, from 3.0 metres;
P631: 19.0 metres of 3.15 g/t gold, from 40.0 metres;
P650: 17.0 metres of 1.6 g/t gold, from 21.0 metres.
Equinox Gold has a $7.3 million exploration program planned for Aurizona in 2021, including 49,000 metres of drilling. A Pre-Feasibility study is underway to assess the potential to operate an underground mine concurrent with the existing open-pit mine, with completion of the study targeted for late 2021.
True widths are estimated to be 60-90% of the reported lengths. For more information and complete drill results, visit the Equinox Gold website at www.equinoxgold.com and see the press release dated January 18, 2021. Sandstorm has a 3% - 5% sliding scale NSR royalty on the Aurizona project. At gold prices between $1,500 and $2,000 per ounce, the royalty is a 4% NSR.
ENDEAVOUR RELEASES UPDATED MINERAL RESOURCE AT HOUNDÉ MINE
Endeavour Mining Corp. (“Endeavour”) recently announced an update to the Houndé mine plan to include the newly discovered Kari Pump and Kari West deposits. The Houndé mine is now expected to produce approximately 2.3 million ounces of gold through 2031, with average production of 250,000 ounces for the 5-year period starting in 2021 and 202,000 ounces of gold for the following 5-year period starting in 2026. Sandstorm’s royalty covers a portion of the Kari area.
Endeavour expects the conversion of existing Mineral Resources into Mineral Reserves and near-mine exploration will continue to add further ounces and extend the mine life.
For more information, visit the Endeavour website at www.endeavourmining.com and see the press release dated November 12, 2020. Sandstorm has a 2.0% NSR royalty on a portion of the Houndé mine.
RESUMPTION OF FULL PRODUCTION RATES AT CHAPADA IN DECEMBER
Lundin Mining Corporation (“Lundin Mining”) announced that the Chapada mine returned to full production rates on December 20, 2020 after the processing activities were interrupted in late September due to damaged SAG and ball mill motors following a power outage.
For more information, visit the Lundin Mining website at www.lundinmining.com and see the press release dated December 21, 2020.
Sandstorm has a copper stream agreement to purchase 4.2% of the copper produced at Chapada up to a maximum of 3.9 million pounds annually. When 39 million pounds of copper has been delivered to Sandstorm, the copper stream will reduce to 3.0%. Once 50 million pounds of copper have been delivered to Sandstorm on a cumulative basis, the stream will reduce to 1.5% of the copper produced for the life of the mine. Sandstorm will make ongoing payments for each pound of copper purchased equal to 30% of the spot price of copper.
ERDENE EXPANDS GOLD MINERALIZATION IN MULTIPLE ZONES ADJACENT TO THE BAYAN KHUNDII DEPOSIT
Erdene Resource Development Corp. (“Erdene”) reported results from an ongoing 18,000 metre drill program. Results from the recent drilling include multiple high-grade gold intersections in areas adjacent to the Bayan Khundii deposit and at the Dark Horse deposit, located 3.5 kilometres north of the Bayan Khundii deposit.
Highlight drill results include:
Striker West (200 metres west of the Bayan Khundii pit)
BKD-334: 28.0 metres of 2.5 g/t gold, from 122.0 metres;
BKD-338: 38.0 metres of 1.8 g/t gold, from 108.0 metres;
BKD-339: 54.0 metres of 1.2 g/t gold, from 129.0 metres.
Dark Horse Deposit
AAD-58: 45.0 metres of 6.0 g/t gold, from 10.0 metres;
AAD-57: 48.0 metres of 1.2 g/t gold, from 194.0 metres;
AAD-51: 3.0 metres of 5.6 g/t gold, from 138.0 metres.
Reporting intervals are apparent thicknesses. For more information and for complete drill results visit the Erdene website at www.erdene.com and see the press releases dates November 17, 2020 and January 6, 2021. Sandstorm has a 1.0% NSR royalty on the Bayan Khundii project.
GOWEST GOLD ANNOUNCES PROCESSING OF ORE FROM BRADSHAW BULK SAMPLE PROGRAM
Gowest Gold Ltd. (“Gowest”) announced that Northern Sun’s Redstone Mill began processing the first gold-bearing mixed development ore from the Bradshaw project on December 1, 2020. This ore was collected and stockpiled on-site from Gowest’s ongoing bulk sample program at the Bradshaw project. Gowest is reviewing financing opportunities to raise sufficient funds to complete the bulk sample and advance Bradshaw towards commercial production.
For more information, visit the Gowest website at www.gowestgold.com and see the press release dated December 9, 2020. Sandstorm has a 1.0% GSR royalty on the Bradshaw project.
BONTERRA COMPLETES C$15 MILLION FINANCING
Bonterra Resources Inc. (“Bonterra”) announced in December they closed an equity financing of C$15 million. The net proceeds of the financing will be used to fund drilling campaigns at the Moroy, Gladiator and Barry projects and to prepare a Preliminary Economic Assessment (“PEA”) on these projects. The PEA is expected to be completed in the fall of 2021.
For more information, visit the Bonterra website at www.btrgold.com and see the press release dated December 15, 2020. Sandstorm has a 3.9%–4.9% NSR on the Moroy/Bachelor Lake project, a 3.9%–4.9% NSR on the Barry project and a 1.0% NSR on a portion of the Gladiator project.
19.01.2021
Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE: SAND, TSX: SSL) is pleased to provide an asset update of recent developments from the Company’s royalty portfolio.
LUNDIN GOLD ANNOUNCES 20% THROUGHPUT EXPANSION IN 2021
In the fourth quarter of 2020, Lundin Gold Inc. (“Lundin Gold”) announced a 20% expansion of the mine and mill throughput at Fruta del Norte. Lundin Gold plans to commence construction in the first quarter of 2021. The expansion is expected to be completed with minimal disruption to operations and funded by cash flow from operations.
Gold production guidance for Fruta del Norte in 2021 is estimated between 380,000 to 420,000 ounces. Mill production is estimated at an average of 3,500 tpd until the fourth quarter when production is planned to ramp up to 4,200 tpd following completion of the planned mill expansion. In 2021, Lundin Gold has planned an $11 million, 9,000 metre drilling program on two high priority exploration targets.
Due to changes in planned mining method, Lundin Gold has updated its estimates of Probable Mineral Reserves to 5.41 million ounces of gold (20.8 million tonnes at a grade of 8.1 grams per tonne (“g/t”) effective July 31, 2020, based on a cut-off grade of 3.8 g/t for transverse stopes and 4.4 g/t for drift and fill stopes). This represents an increase of 427,000 ounces compared to the 2019 year-end reconciliation of Probable Mineral Reserves presented in Lundin Gold's Annual Information Form, dated March 24, 2020.
The new life of mine plan, which is based on the updated Probable Mineral Reserves and throughput expansion, provides for a total of 4.8 million ounces of gold production over a 14 year mine. The annual average gold production for the first five years (2021-2025) is estimated at 390,000 ounces of gold.
For more information, visit the Lundin Gold website at www.lundingold.com and see the press release dated December 8, 2020. Sandstorm has a 0.9% NSR royalty on the precious metals produced from the Fruta del Norte project.
EQUINOX GOLD ANNOUNCES DRILL RESULTS FROM 2020 DRILLING PROGRAM AT AURIZONA
Equinox Gold Corp. (“Equinox Gold”) released drill results from the Piaba underground target and the Genipapo target at the Aurizona gold mine in Brazil.
Piaba Underground
In 2020, a total of 23,916 metres were drilled at the Piaba underground deposit. Drilling tested depths up to one kilometre below surface and results to date have shown that the deposit remains open at depth. Highlighted drill results include:
BRAZD696: 24.0 metres of 5.6 g/t gold, from 314.0 metres;
BRAZD698: 1.0 metres of 96.8 g/t gold, from 282.0 metres;
BRAZD708: 11.0 metres of 4.2 g/t gold, from 305.0 metres and 11.0 metres of 6.15 g/t gold, from 363.0 metres;
BRAZD737: 37.0 metres of 4.35 g/t gold, from 452.0 metres.
Genipapo
The Genipapo target is located approximately one kilometre from the existing Piaba open-pit mine and is the most advanced of three targets that potentially could host a series of smaller, near-surface deposits. Drilling completed in 2020 continues to demonstrate the potential to develop Genipapo as an open-pit feed for the Piaba mill. Highlighted drill results include:
P630: 25.0 metres of 1.4 g/t gold, from 3.0 metres;
P631: 19.0 metres of 3.15 g/t gold, from 40.0 metres;
P650: 17.0 metres of 1.6 g/t gold, from 21.0 metres.
Equinox Gold has a $7.3 million exploration program planned for Aurizona in 2021, including 49,000 metres of drilling. A Pre-Feasibility study is underway to assess the potential to operate an underground mine concurrent with the existing open-pit mine, with completion of the study targeted for late 2021.
True widths are estimated to be 60-90% of the reported lengths. For more information and complete drill results, visit the Equinox Gold website at www.equinoxgold.com and see the press release dated January 18, 2021. Sandstorm has a 3% - 5% sliding scale NSR royalty on the Aurizona project. At gold prices between $1,500 and $2,000 per ounce, the royalty is a 4% NSR.
ENDEAVOUR RELEASES UPDATED MINERAL RESOURCE AT HOUNDÉ MINE
Endeavour Mining Corp. (“Endeavour”) recently announced an update to the Houndé mine plan to include the newly discovered Kari Pump and Kari West deposits. The Houndé mine is now expected to produce approximately 2.3 million ounces of gold through 2031, with average production of 250,000 ounces for the 5-year period starting in 2021 and 202,000 ounces of gold for the following 5-year period starting in 2026. Sandstorm’s royalty covers a portion of the Kari area.
Endeavour expects the conversion of existing Mineral Resources into Mineral Reserves and near-mine exploration will continue to add further ounces and extend the mine life.
For more information, visit the Endeavour website at www.endeavourmining.com and see the press release dated November 12, 2020. Sandstorm has a 2.0% NSR royalty on a portion of the Houndé mine.
RESUMPTION OF FULL PRODUCTION RATES AT CHAPADA IN DECEMBER
Lundin Mining Corporation (“Lundin Mining”) announced that the Chapada mine returned to full production rates on December 20, 2020 after the processing activities were interrupted in late September due to damaged SAG and ball mill motors following a power outage.
For more information, visit the Lundin Mining website at www.lundinmining.com and see the press release dated December 21, 2020.
Sandstorm has a copper stream agreement to purchase 4.2% of the copper produced at Chapada up to a maximum of 3.9 million pounds annually. When 39 million pounds of copper has been delivered to Sandstorm, the copper stream will reduce to 3.0%. Once 50 million pounds of copper have been delivered to Sandstorm on a cumulative basis, the stream will reduce to 1.5% of the copper produced for the life of the mine. Sandstorm will make ongoing payments for each pound of copper purchased equal to 30% of the spot price of copper.
ERDENE EXPANDS GOLD MINERALIZATION IN MULTIPLE ZONES ADJACENT TO THE BAYAN KHUNDII DEPOSIT
Erdene Resource Development Corp. (“Erdene”) reported results from an ongoing 18,000 metre drill program. Results from the recent drilling include multiple high-grade gold intersections in areas adjacent to the Bayan Khundii deposit and at the Dark Horse deposit, located 3.5 kilometres north of the Bayan Khundii deposit.
Highlight drill results include:
Striker West (200 metres west of the Bayan Khundii pit)
BKD-334: 28.0 metres of 2.5 g/t gold, from 122.0 metres;
BKD-338: 38.0 metres of 1.8 g/t gold, from 108.0 metres;
BKD-339: 54.0 metres of 1.2 g/t gold, from 129.0 metres.
Dark Horse Deposit
AAD-58: 45.0 metres of 6.0 g/t gold, from 10.0 metres;
AAD-57: 48.0 metres of 1.2 g/t gold, from 194.0 metres;
AAD-51: 3.0 metres of 5.6 g/t gold, from 138.0 metres.
Reporting intervals are apparent thicknesses. For more information and for complete drill results visit the Erdene website at www.erdene.com and see the press releases dates November 17, 2020 and January 6, 2021. Sandstorm has a 1.0% NSR royalty on the Bayan Khundii project.
GOWEST GOLD ANNOUNCES PROCESSING OF ORE FROM BRADSHAW BULK SAMPLE PROGRAM
Gowest Gold Ltd. (“Gowest”) announced that Northern Sun’s Redstone Mill began processing the first gold-bearing mixed development ore from the Bradshaw project on December 1, 2020. This ore was collected and stockpiled on-site from Gowest’s ongoing bulk sample program at the Bradshaw project. Gowest is reviewing financing opportunities to raise sufficient funds to complete the bulk sample and advance Bradshaw towards commercial production.
For more information, visit the Gowest website at www.gowestgold.com and see the press release dated December 9, 2020. Sandstorm has a 1.0% GSR royalty on the Bradshaw project.
BONTERRA COMPLETES C$15 MILLION FINANCING
Bonterra Resources Inc. (“Bonterra”) announced in December they closed an equity financing of C$15 million. The net proceeds of the financing will be used to fund drilling campaigns at the Moroy, Gladiator and Barry projects and to prepare a Preliminary Economic Assessment (“PEA”) on these projects. The PEA is expected to be completed in the fall of 2021.
For more information, visit the Bonterra website at www.btrgold.com and see the press release dated December 15, 2020. Sandstorm has a 3.9%–4.9% NSR on the Moroy/Bachelor Lake project, a 3.9%–4.9% NSR on the Barry project and a 1.0% NSR on a portion of the Gladiator project.
Zahlen und Ausblick solide aber davon hatte ich mir mehr erwartet.
Cashposition jetzt bei $110 Mio. Das ist ordentlich aber leider keinerlei News was damit passieren soll. Weder Dividende noch Buyback, keine Deals in 2020...enttäuschend. Am Ende der News heißt es nur das Sandstorm mit ihren $450 Mio Gesamtliquidität bereit ist für die nächste Stufe beim Wachstum.
Das Fenster dafür ist jetzt aber fast rum. Goldminer haben Kohle ohne Ende oder können sich einfach oder billig welches beschaffen. Und bei den Basemetal Producern wurde auch nichts draus und diese gehen aktuell auch alle durch die Decke.
Man könnte fast meinen das alle royalties den Zug verpasst haben.
Außer natürlich die ganzen Kleinen. Die machen Deals aber bezahlen dafür alle viel zu viel.
Cashposition jetzt bei $110 Mio. Das ist ordentlich aber leider keinerlei News was damit passieren soll. Weder Dividende noch Buyback, keine Deals in 2020...enttäuschend. Am Ende der News heißt es nur das Sandstorm mit ihren $450 Mio Gesamtliquidität bereit ist für die nächste Stufe beim Wachstum.
Das Fenster dafür ist jetzt aber fast rum. Goldminer haben Kohle ohne Ende oder können sich einfach oder billig welches beschaffen. Und bei den Basemetal Producern wurde auch nichts draus und diese gehen aktuell auch alle durch die Decke.
Man könnte fast meinen das alle royalties den Zug verpasst haben.
Außer natürlich die ganzen Kleinen. Die machen Deals aber bezahlen dafür alle viel zu viel.
Im Konferenz Call hat Watson a bissl was dazu gesagt.
Bei Schwäche der Aktie wird zurück gekauft. Ende diesen oder Anfang nächsten Jahres soll mit einer Dividende angefangen werden. Zunächst sehr klein, soll aber dafür dann regelmäßig gesteigert werden.
Deals will er sich umschauen, etwas Konkretes kam aber nicht was auch nicht zu erwarten war. Nachdem 2020 wegen der Virushysterie nichts möglich war , denke ich aber schon das was kommt. Er hat nochmal darauf verwiesen dass Sandstorm ein Wachstumsunternehmen ist und definitiv neue Deals machen will.
Generell: ich sehe Sandstorm als interessantes Langfristinvest. 2024 soll die Hod Maden Mine in der Osttürkei online gehen und das Cashflow von Sandstorm verdoppeln. Das würde die Bewertung auf ein Drittel der Peer-Group reduzieren. Außerdem: von 200 Streams und Royalties die Sandstorm hat produzieren derzeit nur 24. Alle anderen sind in der Development- oder Explorationsphase. Steigende Goldpreise würden diese ganzen Projekte erst rentabel machen und/oder beschleunigen. Ich sehe deshalb einen gigantischen Hebel bei minimalem Risiko, da man ja bereits jetzt 100 Mio Einnahmen pro Jahr hat was bei 1,3 Mrd $ MCap vernünftig ist.
Bei Schwäche der Aktie wird zurück gekauft. Ende diesen oder Anfang nächsten Jahres soll mit einer Dividende angefangen werden. Zunächst sehr klein, soll aber dafür dann regelmäßig gesteigert werden.
Deals will er sich umschauen, etwas Konkretes kam aber nicht was auch nicht zu erwarten war. Nachdem 2020 wegen der Virushysterie nichts möglich war , denke ich aber schon das was kommt. Er hat nochmal darauf verwiesen dass Sandstorm ein Wachstumsunternehmen ist und definitiv neue Deals machen will.
Generell: ich sehe Sandstorm als interessantes Langfristinvest. 2024 soll die Hod Maden Mine in der Osttürkei online gehen und das Cashflow von Sandstorm verdoppeln. Das würde die Bewertung auf ein Drittel der Peer-Group reduzieren. Außerdem: von 200 Streams und Royalties die Sandstorm hat produzieren derzeit nur 24. Alle anderen sind in der Development- oder Explorationsphase. Steigende Goldpreise würden diese ganzen Projekte erst rentabel machen und/oder beschleunigen. Ich sehe deshalb einen gigantischen Hebel bei minimalem Risiko, da man ja bereits jetzt 100 Mio Einnahmen pro Jahr hat was bei 1,3 Mrd $ MCap vernünftig ist.
Sandstorm Gold Royalties Announces Record Sales and Revenue in Q1 2021 and Renews Normal Course Issuer Bid
https://www.sandstormgold.com/news/news-releases/sandstorm-g…
https://www.sandstormgold.com/news/news-releases/sandstorm-g…
Sandstorm kauft weiterhin jeden share von Entree den sie bekommen können.
Anteil von Sandstorm an Entree erreicht jetzt ca 25%
der Kurs hat sich seither zwar fast verdreifacht aber mittlerweile steht ja auch das nötige financing von Rio Tinto
Anteil von Sandstorm an Entree erreicht jetzt ca 25%
der Kurs hat sich seither zwar fast verdreifacht aber mittlerweile steht ja auch das nötige financing von Rio Tinto
Sandstorm Gold Royalties Announces Record 2021 First Quarter Results
https://www.sandstormgold.com/news/press-releases/sandstorm-…
https://www.sandstormgold.com/news/press-releases/sandstorm-…
Antwort auf Beitrag Nr.: 68.003.492 von rolleg am 30.04.21 12:45:38
https://www.tradesignalonline.com/ext/edt.ashx/wo/370AA490-F…
Sandstorm Gold Royalties Acquires Multiple Cash-Flowing Stream and Royalty Assets For US$138M, Increases 2021 Guidance
Die voraussichtliche Anzahl von Goldunzen wird von 55000 - 62000 auf
62000–69000 erhöht.
https://finance.yahoo.com/news/sandstorm-gold-royalties-acqu…
Die voraussichtliche Anzahl von Goldunzen wird von 55000 - 62000 auf
62000–69000 erhöht.
https://finance.yahoo.com/news/sandstorm-gold-royalties-acqu…
Antwort auf Beitrag Nr.: 68.654.101 von chonz am 30.06.21 18:17:06die vale royalties hat auch franco nevada seit frühjahr im depot.
zwar haben die für 580mio eingekauft aber wenn franco zugreift ist das auch schon ein qualitätssiegel.
die andere mine kennt kein mensch...zum glück läuft die seit 85 jahren. spricht ja auch schon mal für sich. counterparty aber irgendwelche chinesen...das stinkt eigentlich fast immer
zwar haben die für 580mio eingekauft aber wenn franco zugreift ist das auch schon ein qualitätssiegel.
die andere mine kennt kein mensch...zum glück läuft die seit 85 jahren. spricht ja auch schon mal für sich. counterparty aber irgendwelche chinesen...das stinkt eigentlich fast immer
Eisenerz hätte ich auf den Niveau nicht gekauft, Fiji gefällt mir aber aufgrund einer weiteren geographischen Diversifizierung und bei de Vale Projekten gibts wohl auch etwas Kupfer-Gold Optionalität.
100%tig überzeugt bin ich nicht , aber vermutlich musste man irgendwas machen nachdem man letztes Jahr schon nichts gekauft hat.
Mir wäre es lieber gewesen nichts zu tun und die Früchte dessen zu ernten was man zum Tief des Zyklus billig gekauft hat. Immerhin 90% der Royalties produzieren noch nichts, denke man kann somit auch ohne neue Käufe sehr gut wachsen.
Für die vale royalties wurde ein langjähriger preis von 60% zum derzeitigen spot preis als Grundlage gewählt. Das ist jetzt ein cornerstone asset mit mindestens 30 jahre Laufzeit. Mit exploration werden’s wohl eher 60 Jahre werden. Teuer aber counterparty, laufzeit und das bei weiterer Kapazitätsausweitungen sind super. Cashflowing gold ist derzeit fast nicht mehr wirtschaftlich. Viel zuviel Konkurrenz, da wird’s Zeit für Konsolidierung im Sektor. Sandstorm ist dafür aber leider zur Zeit zu billig. Die müssen eher aufpassen nicht selber gefressen zu werden
Sandstorm Gold Royalties Announces Record Sales and Revenue in Q2 2021
DESIGNATED NEWS RELEASE
Sandstorm Gold Ltd. (“Sandstorm Gold Royalties” or the “Company”) (NYSE: SAND, TSX: SSL) is pleased to announce that the Company sold approximately 18,000 attributable gold equivalent ounces1 and realized preliminary revenue2 of $32.4 million during the three months ended June 30, 2021, both representing a record for the Company. Preliminary cost of sales, excluding depletion2 for the three month period was $4.1 million resulting in cash operating margins1 of approximately $1,570 per attributable gold equivalent ounce1.
https://www.sandstormgold.com/news/press-releases/sandstorm-…
DESIGNATED NEWS RELEASE
Sandstorm Gold Ltd. (“Sandstorm Gold Royalties” or the “Company”) (NYSE: SAND, TSX: SSL) is pleased to announce that the Company sold approximately 18,000 attributable gold equivalent ounces1 and realized preliminary revenue2 of $32.4 million during the three months ended June 30, 2021, both representing a record for the Company. Preliminary cost of sales, excluding depletion2 for the three month period was $4.1 million resulting in cash operating margins1 of approximately $1,570 per attributable gold equivalent ounce1.
https://www.sandstormgold.com/news/press-releases/sandstorm-…
Ende September soll nun endlich die mehrmalig verschobene Genehmigung für das "Hod Maden" Projekt in der Türkei kommen.
Die Sache wurde schon so oft verschoben dass der Markt nicht mehr so richtig daran glaubt.
Sollte die Sache klappen würde sich alleine dadurch Sandstorms Cashflow ab 2024 um 35% erhöhen.
Die Sache wurde schon so oft verschoben dass der Markt nicht mehr so richtig daran glaubt.
Sollte die Sache klappen würde sich alleine dadurch Sandstorms Cashflow ab 2024 um 35% erhöhen.
VANCOUVER, BC, Nov. 3, 2021 /PRNewswire/ - Sandstorm Gold Ltd. (SAND) ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE: SAND) (TSX: SSL) has released its results for the third quarter ended September 30, 2021 (all figures in U.S. dollars unless stated otherwise).
https://mma.prnewswire.com/media/1677922/Sandstorm_Gold_Ltd_…
INITIATION OF DIVIDEND PROGRAM
Sandstorm is pleased to announce that the Company's Board of Directors has approved the initiation of the Company's quarterly dividend program. Sandstorm currently intends to declare and pay its first quarterly dividend of approximately C$0.02 per common share in the first quarter of 2022. In accordance with the rules of the Toronto Stock Exchange and the New York Stock Exchange, as applicable, Sandstorm will issue a press release at the time each quarterly dividend is declared.
The declaration, timing, amount, and payment of Sandstorm's first and all future dividends will be subject to the discretion and approval of the Board of Directors. The Company will review the dividend program on an ongoing basis and may amend it at any time depending on the Company's then current financial position, capital allocation framework, profitability, cash flow, debt covenant compliance, legal requirements and other factors considered relevant. As such, no assurances can be made that any future dividends will be declared and/or paid. Dividends paid to shareholders outside Canada (non-resident investors) will be subject to Canadian non-resident withholding taxes.
"At Sandstorm, we've built a globally diversified royalty and streaming portfolio comprised of low-cost assets generating significant cash flow," stated Nolan Watson, President & CEO. "We are very pleased that Sandstorm is able to sustainably support a dividend program while maintaining a competitive industry position that enables the continued growth of our asset base—both for the benefit of shareholders."
THIRD QUARTER HIGHLIGHTS
Attributable gold equivalent ounces1 of 15,514 ounces (Q3 2020 — 12,068 ounces);
Revenue of $27.6 million (Q3 2020 — $23.3 million);
Cash flows from operating activities, excluding changes in non-cash working capital1 of $20.8 million (Q3 2020 — $18.0 million);
Average cash cost per attributable gold equivalent ounce1 of $238 resulting in cash operating margins1 of $1,541 per ounce (Q3 2020 — $258 per ounce and $1,670 per ounce respectively);
Net income of $6.6 million (Q3 2020 —$6.5 million);
Expanded Credit Facility: On October 6, 2021, Sandstorm amended its revolving credit agreement allowing the Company to borrow up to $350 million and incorporating sustainability-linked performance targets to become the first royalty company to establish an Environment, Social, and Governance ("ESG") linked credit facility ("ESG Revolving Facility"). The ESG Revolving Facility incorporates sustainability-linked incentive pricing terms that allow Sandstorm to reduce borrowing costs as the Company's sustainability performance targets are met. The tenure of the facility is four years and is extendable by mutual consent of Sandstorm and the banking syndicate.
Normal Course Issuer Bid: Under Sandstorm's normal course issuer bid, the Company purchased and cancelled approximately 2.3 million shares for total consideration of $14.2 million during the third quarter of 2021. Subsequent to quarter end, Sandstorm purchased an additional 1.3 million shares for consideration of $8.2 million.
OUTLOOK
Based on the Company's existing royalties, attributable gold equivalent ounces for 2021 is forecast to be between 64,000 and 69,000 ounces. The Company is forecasting attributable gold equivalent production to be over 125,000 ounces in 2025.
FINANCIAL RESULTS
Sandstorm's revenue during the third quarter of 2021 was $27.6 million compared with $23.3 million for the comparable period in 2020. The increase is largely due to a 29% increase in the attributable gold equivalent ounces, partially offset by an 8% decrease in the average realized selling price of gold.
Net income was higher when compared to the same period in 2020 primarily due to an increase in revenue, partially offset by a $1.5 million decrease in gains recognized on the revaluation of the Company's investments. The increase in net income was also partially offset by an increase in depletion expense largely due to an increase in attributable gold equivalent ounces sold.
STREAMS & ROYALTIES
Of the gold equivalent ounces sold by Sandstorm during the third quarter of 2021, approximately 16% were attributable to mines located in Canada, 23% from the rest of North America, 53% from South America, and 8% from other countries.
https://mma.prnewswire.com/media/1677922/Sandstorm_Gold_Ltd_…
INITIATION OF DIVIDEND PROGRAM
Sandstorm is pleased to announce that the Company's Board of Directors has approved the initiation of the Company's quarterly dividend program. Sandstorm currently intends to declare and pay its first quarterly dividend of approximately C$0.02 per common share in the first quarter of 2022. In accordance with the rules of the Toronto Stock Exchange and the New York Stock Exchange, as applicable, Sandstorm will issue a press release at the time each quarterly dividend is declared.
The declaration, timing, amount, and payment of Sandstorm's first and all future dividends will be subject to the discretion and approval of the Board of Directors. The Company will review the dividend program on an ongoing basis and may amend it at any time depending on the Company's then current financial position, capital allocation framework, profitability, cash flow, debt covenant compliance, legal requirements and other factors considered relevant. As such, no assurances can be made that any future dividends will be declared and/or paid. Dividends paid to shareholders outside Canada (non-resident investors) will be subject to Canadian non-resident withholding taxes.
"At Sandstorm, we've built a globally diversified royalty and streaming portfolio comprised of low-cost assets generating significant cash flow," stated Nolan Watson, President & CEO. "We are very pleased that Sandstorm is able to sustainably support a dividend program while maintaining a competitive industry position that enables the continued growth of our asset base—both for the benefit of shareholders."
THIRD QUARTER HIGHLIGHTS
Attributable gold equivalent ounces1 of 15,514 ounces (Q3 2020 — 12,068 ounces);
Revenue of $27.6 million (Q3 2020 — $23.3 million);
Cash flows from operating activities, excluding changes in non-cash working capital1 of $20.8 million (Q3 2020 — $18.0 million);
Average cash cost per attributable gold equivalent ounce1 of $238 resulting in cash operating margins1 of $1,541 per ounce (Q3 2020 — $258 per ounce and $1,670 per ounce respectively);
Net income of $6.6 million (Q3 2020 —$6.5 million);
Expanded Credit Facility: On October 6, 2021, Sandstorm amended its revolving credit agreement allowing the Company to borrow up to $350 million and incorporating sustainability-linked performance targets to become the first royalty company to establish an Environment, Social, and Governance ("ESG") linked credit facility ("ESG Revolving Facility"). The ESG Revolving Facility incorporates sustainability-linked incentive pricing terms that allow Sandstorm to reduce borrowing costs as the Company's sustainability performance targets are met. The tenure of the facility is four years and is extendable by mutual consent of Sandstorm and the banking syndicate.
Normal Course Issuer Bid: Under Sandstorm's normal course issuer bid, the Company purchased and cancelled approximately 2.3 million shares for total consideration of $14.2 million during the third quarter of 2021. Subsequent to quarter end, Sandstorm purchased an additional 1.3 million shares for consideration of $8.2 million.
OUTLOOK
Based on the Company's existing royalties, attributable gold equivalent ounces for 2021 is forecast to be between 64,000 and 69,000 ounces. The Company is forecasting attributable gold equivalent production to be over 125,000 ounces in 2025.
FINANCIAL RESULTS
Sandstorm's revenue during the third quarter of 2021 was $27.6 million compared with $23.3 million for the comparable period in 2020. The increase is largely due to a 29% increase in the attributable gold equivalent ounces, partially offset by an 8% decrease in the average realized selling price of gold.
Net income was higher when compared to the same period in 2020 primarily due to an increase in revenue, partially offset by a $1.5 million decrease in gains recognized on the revaluation of the Company's investments. The increase in net income was also partially offset by an increase in depletion expense largely due to an increase in attributable gold equivalent ounces sold.
STREAMS & ROYALTIES
Of the gold equivalent ounces sold by Sandstorm during the third quarter of 2021, approximately 16% were attributable to mines located in Canada, 23% from the rest of North America, 53% from South America, and 8% from other countries.
Sandstorm Gold Royalties Announces Hod Maden Project EIA Approval
22:10 Uhr | CNWDESIGNATED NEWS RELEASE
VANCOUVER, Nov. 17, 2021 - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties" or the "Company") (NYSE: SAND) (TSX: SSL) is pleased to announce that Lidya Madencilik Sanayi ve Ticaret A.S. ("Lidya"), the operator of the Hod Maden project, has received the final approval of the Environmental Impact Assessment ("EIA") for the project from the Ministry of Environment and Urbanization of Turkey. The results from the Hod Maden Feasibility Study are expected to be released in the coming weeks.
"The granting of the EIA represents a major milestone for the Hod Maden project," announced Nolan Watson, Sandstorm's President & CEO. "This approval marks the next development phase and triggers several key catalysts for Lidya including the application for the final permits and initiating long-lead construction items."
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